Waec Economics 2004 Past Questions and Answers

Question 26:

• WAEC 2004

Government can control inflation by

A. Printing more money
B. Reducing the rate of taxes
C. Reducing the level of expenditures
D. Establishing more banks

Question 27:

• WAEC 2004

The market consisting of a network of dealers where currencies can be bought and sold is known as

A. Capital market
B. Foreign exchange market
C. Commodity market
D. The stock market

Question 28:

• WAEC 2004

Open Market Operation (OMO) means the

A. Provision of credit facilities by commercial banks
B. Provision of credit facilities by the mortgage banks
C. Buying and selling of government securities by the central banks
D. Procedure for the establishment of commercial banks

Question 29:

• WAEC 2004

which of the following is an advantage of localization of industry?

A. Development of subsidiary firms
B. Creation of paralell markets
C. Developments of slums
D. Atrraction of foreign capital

Question 30:

• WAEC 2004

which of the following will ensure efficiency in the in the industrial sector of your country?

A. Indigenization
B. Privatisation
C. Nationalization
D. Liquidation