Waec Economics Past Questions and Answers

Question 66:

• WAEC 1989

which of the following factor is not important in deciding the location of an industry?

A. The native language of the epople
B. Availabilty of suitable labour
C. Source of cheap power and raw materials
D. Proximity to the location of a similar industry
E. Proximity to the market

Question 67:

• WAEC 1989

The clearing house of all commercial banks in Nigeria is the

A. General Post Office
B. Bnak forCommerce and Industry
C. Nigerian Industrial Development Bank
D. Mortgage Bank
E. Central Bnak

Question 68:

• WAEC 1989

One of the advantages of Sole Proprietor is that

A. Risks are unlimited
B. Technological progress is often out of reach
C. Shares and stocks can be issued to raise funds
D. Initiatives can be used in all cases
E. It folds up in the case of death, lunacy or insolvency

Question 69:

• WAEC 1989

which of the following does not hinder the efficient of distribution of goods in West Africa?

A. Inadequate transportation network
B. Inadequate storage facilities for agricultural goodss
C. Inadequate credit facitlities for potential distributors
D. Government participation in the distributive trade
E. The tendency to hoard and smuggle

Question 70:

• WAEC 1989

which of the following categories of people do not gain during inflation?

A. Debtors
B. Businessmen
C. Shareholders
D. Investors
E. Creditors