Waec Economics Past Questions and Answers

Question 1466:

• WAEC 2015

In developing countries, a larger percentage of the labour force is employed in the

A. Trade sector
B. Tertiary sector
C. Primary sector
D. Secondary sector

Question 1467:

• 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 1468:

• 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 1469:

• 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 1470:

• 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