Waec Economics Past Questions and Answers

Question 361:

• WAEC 1995

Which of the following is not a feature of a perfect market?

A. Large number of buyersand sellers
B. Homogeneity of products
C. Preferential treatment
D. Absence of transport cost
E. Perfect knowledge of market situation

Question 362:

• WAEC 1995

Which of the following is the source of raising funds for a public limited liability company in West Africa?

A. Bank loans
B. Issue of shares
C. Issue of debentures
D. Ploughing back profits
E. Sales of bonds

Question 363:

• WAEC 1995

Which of the following is not an objective of the Indigenisaton policy in Nigeria? To

A. Make Nigerians dominate their economy
B. Increase Nigerians participation in the economy
C. Prevent foreign monopoly of the economy
D. Eliminate foreign participation in the Nigerian economy
E. Protect the national interst and security

Question 364:

• WAEC 1995

Where was oil first discovered in commercial quantities in Nigeria?

A. Oloibiri
B. Warri
C. Elesa Eleme
D. Onitsha
E. Port Harcourt

Question 365:

• WAEC 1995

Where is the headquarter of the African Development Bank (ADB) located?

A. Lome
B. Adis Ababa
C. Accra
D. Lagos
E. Abdijan