Waec Economics Past Questions and Answers

Question 346:

• WAEC 1995

Which of the following is not a function of an insurance company?

A. Mobilization of funds through premiums collected
B. Encouragement of savings habits through life assurances
C. Collection of deposits from the public
D. Granting of loans on long-term basis for investment
E. Encouragment of investment by security of capital

Question 347:

• WAEC 1995

Malthus observed in his theory that population was growing

A. At a regular rate
B. In arithmetical progression
C. In geometrical progression
D. In mathematical progression
E. In trigonometrical progression

Question 348:

• WAEC 1995

At optimum population level, a country has its

A. Maximum population
B. Ageing population
C. Highest birth rate
D. Highest output per heade
E. Lowest death rate

Question 349:

• WAEC 1995

Which of the following does not give a characteristics of money?

A. Durable
B. Portable
C. Divisible into small units
D. Generally acceptable
E. Medium of exchange

Question 350:

• WAEC 1995

Which of the following constitute the major components of money supply in a development economy?

A. Demand deposits
B. Paper money
C. Bank drafts
D. Coins
E. Time deposits