Waec Economics Past Questions and Answers

Question 1286:

• WAEC 2012

The financial institution that specializes in risk spreading is called

A. An investment bank
B. A development bank
C. An insurance company
D. The stockexchange

Question 1287:

• WAEC 2012

The following are means of reducing the population of a country except encouraging

A. Emigration
B. Family planning
C. Early marriage
D. Sex education

Question 1288:

• WAEC 2012

Which of the following features best describes peasant agriculture in West Africa? It

A. Specializes in the production of one crop
B. Involves the use of small farm holdings
C. Is a capital-intensive system of farming
D. Is mostly associated with tree crops

Question 1289:

• WAEC 2012

One of the problems facing industrial development in West African countries is

A. Inadequate large market
B. Inadequate infrastructure
C. Inadequate supply of labour
D. Unavailability of natural resources

Question 1290:

• WAEC 2012

In a situation where the finished product of an industry is fragile, bulky and perishable, such an industry should be located close to its

A. Raw materials
B. Market
C. Labour supply
D. Power supply