Waec Economics 2015 Past Questions and Answers

Question 36:

• WAEC 2015

An industry is best described as

A. Firm that sells a set of closely related commodities
B. Industrial concern that is into production and selling of goods
C. A factory that produces different lines of product
D. A group of firms that sells a closely related set of products

Question 37:

• WAEC 2015

The main item traded on a stock exchange market is

A. Treasury bills
B. Travellers cheque
C. Foreign currencies
D. New shares

Question 38:

• WAEC 2015

The proportion of commercial banks' total assets kept in the form of highly liquid assets is known as

A. Demand deposit
B. Fixed deposit
C. Cash ratio
D. Moral suasion

Question 39:

• WAEC 2015

which of the following is not an objective of economic planning

A. Need to direct economic development of the country towards the desired direction
B. Desire to ensure a sustained cultural development of the country
C. Desire to widen the gap between developing countries and the developed world
D. Management of scarce resources in the face of unlimited wants of the citizens

Question 40:

• WAEC 2015

In order to control inflation, the government should

A. Reduce the cost of borrowing
B. Buy securities in the open market
C. Adopt restrictive monetary policy
D. Discourage savings