{"success":100,"error_code":"","data":[{"0":"25","q_id":"25","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"0","year":"0","5":"

Government refers to all the following, except<\/p>\r\n","question":"

Government refers to all the following, except<\/p>\r\n","6":"

An institution of the state<\/p>\r\n","opt1":"

An institution of the state<\/p>\r\n","7":"

The process of ruling a political community<\/p>\r\n","opt2":"

The process of ruling a political community<\/p>\r\n","8":"

The exercise of power and authority <\/span><\/p>\r\n","opt3":"

The exercise of power and authority <\/span><\/p>\r\n","9":"

The activities of decision-makers<\/p>\r\n","opt4":"

The activities of decision-makers<\/p>\r\n","10":"

The act of civil disobedience<\/span><\/p>\r\n","opt5":"

The act of civil disobedience<\/span><\/p>\r\n","11":"E","ans":"E","12":"1503404737","date_added":"1503404737","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:25:17","date_approved":"2021-10-29 10:25:17","23":null,"ans_text":null,"24":"0","year_kept":"0","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"},{"0":"26","q_id":"26","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Government as the act of governing means the<\/p>\r\n","question":"

Government as the act of governing means the<\/p>\r\n","6":"

Activities of pressure groups and political parties<\/span><\/p>\r\n","opt1":"

Activities of pressure groups and political parties<\/span><\/p>\r\n","7":"

Act of vetoing a bill<\/p>\r\n","opt2":"

Act of vetoing a bill<\/p>\r\n","8":"

Orders of judiciary and legislature<\/p>\r\n","opt3":"

Orders of judiciary and legislature<\/p>\r\n","9":"

Activities by which government policies are made and implemented<\/p>\r\n","opt4":"

Activities by which government policies are made and implemented<\/p>\r\n","10":"

Activities of parliamentary opposition<\/p>\r\n","opt5":"

Activities of parliamentary opposition<\/p>\r\n","11":"D","ans":"D","12":"1503405469","date_added":"1503405469","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:25:05","date_approved":"2021-10-29 10:25:05","23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"},{"0":"27","q_id":"27","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Unwritten constitution means that the constitution is<\/p>\r\n","question":"

Unwritten constitution means that the constitution is<\/p>\r\n","6":"

Not written down<\/p>\r\n","opt1":"

Not written down<\/p>\r\n","7":"

Based only on conventions.<\/p>\r\n","opt2":"

Based only on conventions.<\/p>\r\n","8":"

Not contained in any single book<\/p>\r\n\r\n

 <\/p>\r\n","opt3":"

Not contained in any single book<\/p>\r\n\r\n

 <\/p>\r\n","9":"

In draft<\/p>\r\n","opt4":"

In draft<\/p>\r\n","10":"

Not approved<\/p>\r\n","opt5":"

Not approved<\/p>\r\n","11":"C","ans":"C","12":"1503415528","date_added":"1503415528","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:25:01","date_approved":"2021-10-29 10:25:01","23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"},{"0":"28","q_id":"28","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The delegation of Administrative Powers to the local units with the central supervision and control is called<\/p>\r\n","question":"

The delegation of Administrative Powers to the local units with the central supervision and control is called<\/p>\r\n","6":"

Devolution<\/p>\r\n","opt1":"

Devolution<\/p>\r\n","7":"

Decentralization<\/p>\r\n","opt2":"

Decentralization<\/p>\r\n","8":"

Maintenance of relations with other states<\/p>\r\n","opt3":"

Maintenance of relations with other states<\/p>\r\n","9":"

Defence of territory from external attack<\/p>\r\n","opt4":"

Defence of territory from external attack<\/p>\r\n","10":"

Provision of all the material needs of all citizens<\/p>\r\n","opt5":"

Provision of all the material needs of all citizens<\/p>\r\n","11":"A","ans":"A","12":"1503415710","date_added":"1503415710","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:24:57","date_approved":"2021-10-29 10:24:57","23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"},{"0":"29","q_id":"29","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of the following is not the function of the government?<\/p>\r\n","question":"

Which of the following is not the function of the government?<\/p>\r\n","6":"

Building of roads, bridges, canals, etc.<\/p>\r\n","opt1":"

Building of roads, bridges, canals, etc.<\/p>\r\n","7":"

Provision of education<\/p>\r\n","opt2":"

Provision of education<\/p>\r\n","8":"

Maintenance of relations with other states<\/p>\r\n","opt3":"

Maintenance of relations with other states<\/p>\r\n","9":"

Defence of territory from external attack<\/p>\r\n","opt4":"

Defence of territory from external attack<\/p>\r\n","10":"

Provision of all the material needs of all citizens<\/p>\r\n","opt5":"

Provision of all the material needs of all citizens<\/p>\r\n","11":"E","ans":"E","12":"1503416177","date_added":"1503416177","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:24:54","date_approved":"2021-10-29 10:24:54","23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"},{"0":"30","q_id":"30","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"1988","year":"1988","5":"

A flexible constitution can only be amended by<\/p>\r\n","question":"

A flexible constitution can only be amended by<\/p>\r\n","6":"

Two-third (2\/3) majority vote in the legislature.<\/p>\r\n","opt1":"

Two-third (2\/3) majority vote in the legislature.<\/p>\r\n","7":"

Referendum<\/p>\r\n","opt2":"

Referendum<\/p>\r\n","8":"

Three-quarters (3\/4) majority vote in the legislature.<\/p>\r\n","opt3":"

Three-quarters (3\/4) majority vote in the legislature.<\/p>\r\n","9":"

Plebiscite<\/p>\r\n","opt4":"

Plebiscite<\/p>\r\n","10":"

Simple majority vote in the legislature.<\/p>\r\n","opt5":"

Simple majority vote in the legislature.<\/p>\r\n","11":"E","ans":"E","12":"1503416845","date_added":"1503416845","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:24:50","date_approved":"2021-10-29 10:24:50","23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"},{"0":"31","q_id":"31","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which one of the following countries has an unwritten constitution?<\/p>\r\n","question":"

Which one of the following countries has an unwritten constitution?<\/p>\r\n","6":"

Great Britain<\/p>\r\n","opt1":"

Great Britain<\/p>\r\n","7":"

France<\/p>\r\n","opt2":"

France<\/p>\r\n","8":"

United States of America<\/p>\r\n","opt3":"

United States of America<\/p>\r\n","9":"

Federal Republic of Germany<\/p>\r\n","opt4":"

Federal Republic of Germany<\/p>\r\n","10":"

German Democratic Republic<\/p>\r\n","opt5":"

German Democratic Republic<\/p>\r\n","11":"A","ans":"A","12":"1503417144","date_added":"1503417144","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:24:37","date_approved":"2021-10-29 10:24:37","23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"},{"0":"32","q_id":"32","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. 'Ends' here refers to<\/p>\r\n","question":"

Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. 'Ends' here refers to<\/p>\r\n","6":"

resources<\/p>\r\n","opt1":"

resources<\/p>\r\n","7":"

wants<\/p>\r\n","opt2":"

wants<\/p>\r\n","8":"

choice<\/p>\r\n","opt3":"

choice<\/p>\r\n","9":"

output<\/p>\r\n","opt4":"

output<\/p>\r\n","10":"

factors<\/p>\r\n","opt5":"

factors<\/p>\r\n","11":"B","ans":"B","12":"1503654400","date_added":"1503654400","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"33","q_id":"33","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

A review of occupational distribution of population from time to time helps us to know the<\/p>\r\n","question":"

A review of occupational distribution of population from time to time helps us to know the<\/p>\r\n","6":"

rate at which the population grows<\/p>\r\n","opt1":"

rate at which the population grows<\/p>\r\n","7":"

number of people that make up the labour force<\/p>\r\n","opt2":"

number of people that make up the labour force<\/p>\r\n","8":"

efficiency of the working population <\/p>\r\n","opt3":"

efficiency of the working population <\/p>\r\n","9":"

industries which are becoming less important<\/p>\r\n","opt4":"

industries which are becoming less important<\/p>\r\n","10":"

number of people that are not employed
\r\n <\/p>\r\n","opt5":"

number of people that are not employed
\r\n <\/p>\r\n","11":"B","ans":"B","12":"1503655014","date_added":"1503655014","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"34","q_id":"34","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The price of a commodity is determined by the<\/p>\r\n","question":"

The price of a commodity is determined by the<\/p>\r\n","6":"

supplier<\/p>\r\n","opt1":"

supplier<\/p>\r\n","7":"

consumer<\/p>\r\n","opt2":"

consumer<\/p>\r\n","8":"

quantity of goods demanded<\/p>\r\n","opt3":"

quantity of goods demanded<\/p>\r\n","9":"

quantity of goods supplied<\/p>\r\n","opt4":"

quantity of goods supplied<\/p>\r\n","10":"

interaction of demand and supply<\/p>\r\n","opt5":"

interaction of demand and supply<\/p>\r\n","11":"E","ans":"E","12":"1503655320","date_added":"1503655320","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"35","q_id":"35","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

In which of the following economic systems is the consumer referred to as 'The King?<\/p>\r\n","question":"

In which of the following economic systems is the consumer referred to as 'The King?<\/p>\r\n","6":"

Planned economy<\/p>\r\n","opt1":"

Planned economy<\/p>\r\n","7":"

Mixed economy<\/p>\r\n","opt2":"

Mixed economy<\/p>\r\n","8":"

 Traditional economy<\/p>\r\n","opt3":"

 Traditional economy<\/p>\r\n","9":"

Free Market economy<\/p>\r\n","opt4":"

Free Market economy<\/p>\r\n","10":"

Socialist economy<\/p>\r\n","opt5":"

Socialist economy<\/p>\r\n","11":"D","ans":"D","12":"1503655448","date_added":"1503655448","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"36","q_id":"36","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

In which of these organizations would you classify the International Monetary Fund (IMF)?<\/p>\r\n","question":"

In which of these organizations would you classify the International Monetary Fund (IMF)?<\/p>\r\n","6":"

Political organization<\/p>\r\n","opt1":"

Political organization<\/p>\r\n","7":"

Trade organization<\/p>\r\n","opt2":"

Trade organization<\/p>\r\n","8":"

  Financial organization<\/p>\r\n","opt3":"

  Financial organization<\/p>\r\n","9":"

Social organization<\/p>\r\n","opt4":"

Social organization<\/p>\r\n","10":"

Commercial organization<\/p>\r\n","opt5":"

Commercial organization<\/p>\r\n","11":"C","ans":"C","12":"1503655595","date_added":"1503655595","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"37","q_id":"37","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

A normal demand curve<\/p>\r\n","question":"

A normal demand curve<\/p>\r\n","6":"

is concave to the point of origin<\/p>\r\n","opt1":"

is concave to the point of origin<\/p>\r\n","7":"

is convex to the point of origin<\/p>\r\n","opt2":"

is convex to the point of origin<\/p>\r\n","8":"

 is parallel to X axisis parallel to X axis<\/p>\r\n","opt3":"

 is parallel to X axisis parallel to X axis<\/p>\r\n","9":"

is parallel to Y axis<\/p>\r\n","opt4":"

is parallel to Y axis<\/p>\r\n","10":"

slopes upwards from left to right<\/p>\r\n","opt5":"

slopes upwards from left to right<\/p>\r\n","11":"B","ans":"B","12":"1503655738","date_added":"1503655738","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"38","q_id":"38","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

A demand schedule is<\/p>\r\n","question":"

A demand schedule is<\/p>\r\n","6":"

a table containing the price of goods<\/p>\r\n","opt1":"

a table containing the price of goods<\/p>\r\n","7":"

a table showing the relationship between price and quantity demanded of a commodity<\/p>\r\n","opt2":"

a table showing the relationship between price and quantity demanded of a commodity<\/p>\r\n","8":"

a table showing the consumer demand in order of importance<\/p>\r\n","opt3":"

a table showing the consumer demand in order of importance<\/p>\r\n","9":"

the quantity of goods the consumer is prepared to buy<\/p>\r\n","opt4":"

the quantity of goods the consumer is prepared to buy<\/p>\r\n","10":"

the market demand<\/p>\r\n","opt5":"

the market demand<\/p>\r\n","11":"B","ans":"B","12":"1503655937","date_added":"1503655937","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"39","q_id":"39","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

P = Population
\r\nGNP = Gross National Product
\r\nGDP = Gross Domestic Product
\r\nNI = National Income<\/p>\r\n\r\n

From the above, the formula for calculating Real Per Capital Income is<\/div>\r\n","question":"

P = Population
\r\nGNP = Gross National Product
\r\nGDP = Gross Domestic Product
\r\nNI = National Income<\/p>\r\n\r\n

From the above, the formula for calculating Real Per Capital Income is<\/div>\r\n","6":"

\"\"<\/p>\r\n","opt1":"

\"\"<\/p>\r\n","7":"

\"\"<\/p>\r\n","opt2":"

\"\"<\/p>\r\n","8":"

\"\"<\/p>\r\n","opt3":"

\"\"<\/p>\r\n","9":"

\"\"<\/p>\r\n","opt4":"

\"\"<\/p>\r\n","10":"

\"\"<\/p>\r\n","opt5":"

\"\"<\/p>\r\n","11":"D","ans":"D","12":"1503658887","date_added":"1503658887","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"40","q_id":"40","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Age Distribution Table town in Nigeria.
\r\n\"\"
\r\nThe above table shows age distribution of  a town in Nigeria. What is the dependency ratio of the town?<\/p>\r\n","question":"

Age Distribution Table town in Nigeria.
\r\n\"\"
\r\nThe above table shows age distribution of  a town in Nigeria. What is the dependency ratio of the town?<\/p>\r\n","6":"

10: 3<\/p>\r\n","opt1":"

10: 3<\/p>\r\n","7":"

2: 1<\/p>\r\n","opt2":"

2: 1<\/p>\r\n","8":"

3: 2<\/p>\r\n","opt3":"

3: 2<\/p>\r\n","9":"

4:3<\/p>\r\n","opt4":"

4:3<\/p>\r\n","10":"

5:2<\/p>\r\n","opt5":"

5:2<\/p>\r\n","11":"C","ans":"C","12":"1503659760","date_added":"1503659760","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"41","q_id":"41","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The equilibrium position of a firm is attained<\/p>\r\n","question":"

The equilibrium position of a firm is attained<\/p>\r\n","6":"

when MC =AR<\/p>\r\n","opt1":"

when MC =AR<\/p>\r\n","7":"

when MC = P<\/p>\r\n","opt2":"

when MC = P<\/p>\r\n","8":"

when MC = MR<\/p>\r\n","opt3":"

when MC = MR<\/p>\r\n","9":"

when AC = AR<\/p>\r\n","opt4":"

when AC = AR<\/p>\r\n","10":"

when AR = MR<\/p>\r\n","opt5":"

when AR = MR<\/p>\r\n","11":"C","ans":"C","12":"1503659855","date_added":"1503659855","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"42","q_id":"42","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of the following is not an advantage of price control?<\/p>\r\n","question":"

Which of the following is not an advantage of price control?<\/p>\r\n","6":"

Control of inflation<\/p>\r\n","opt1":"

Control of inflation<\/p>\r\n","7":"

Distortion of price mechanism<\/p>\r\n","opt2":"

Distortion of price mechanism<\/p>\r\n","8":"

Prevention of exploitation<\/p>\r\n","opt3":"

Prevention of exploitation<\/p>\r\n","9":"

Control of producer's profit<\/p>\r\n","opt4":"

Control of producer's profit<\/p>\r\n","10":"

Helping low income earners<\/p>\r\n","opt5":"

Helping low income earners<\/p>\r\n","11":"B","ans":"B","12":"1503659942","date_added":"1503659942","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"43","q_id":"43","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of these factors does not cause a change in demand?<\/p>\r\n","question":"

Which of these factors does not cause a change in demand?<\/p>\r\n","6":"

income<\/p>\r\n","opt1":"

income<\/p>\r\n","7":"

Taste and fashion<\/p>\r\n","opt2":"

Taste and fashion<\/p>\r\n","8":"

Population<\/p>\r\n","opt3":"

Population<\/p>\r\n","9":"

Price of other commodities<\/p>\r\n","opt4":"

Price of other commodities<\/p>\r\n","10":"

Price of the commodity concerned<\/p>\r\n","opt5":"

Price of the commodity concerned<\/p>\r\n","11":"E","ans":"E","12":"1503660029","date_added":"1503660029","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"44","q_id":"44","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Price control can be defined as the fixing by government of maximum or minimum prices of ?<\/p>\r\n","question":"

Price control can be defined as the fixing by government of maximum or minimum prices of ?<\/p>\r\n","6":"

luxury goods<\/p>\r\n","opt1":"

luxury goods<\/p>\r\n","7":"

inferior goods<\/p>\r\n","opt2":"

inferior goods<\/p>\r\n","8":"

imported capital goods<\/p>\r\n","opt3":"

imported capital goods<\/p>\r\n","9":"

certain selected goods<\/p>\r\n","opt4":"

certain selected goods<\/p>\r\n","10":"

goods consumed by low<\/p>\r\n","opt5":"

goods consumed by low<\/p>\r\n","11":"D","ans":"D","12":"1503660129","date_added":"1503660129","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"45","q_id":"45","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

When the price of commodity A increases, the demand for commodity B decreases, then A and B are?<\/p>\r\n","question":"

When the price of commodity A increases, the demand for commodity B decreases, then A and B are?<\/p>\r\n","6":"

close substitutes<\/p>\r\n","opt1":"

close substitutes<\/p>\r\n","7":"

complementary goods<\/p>\r\n","opt2":"

complementary goods<\/p>\r\n","8":"

supplementary goods<\/p>\r\n","opt3":"

supplementary goods<\/p>\r\n","9":"

giffen goods<\/p>\r\n","opt4":"

giffen goods<\/p>\r\n","10":"

luxurious goods<\/p>\r\n","opt5":"

luxurious goods<\/p>\r\n","11":"A","ans":"A","12":"1503660330","date_added":"1503660330","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"46","q_id":"46","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

When the demand for a commodity is inelastic, total revenue will fall if ?<\/p>\r\n","question":"

When the demand for a commodity is inelastic, total revenue will fall if ?<\/p>\r\n","6":"

rice is increased<\/p>\r\n","opt1":"

rice is increased<\/p>\r\n","7":"

price is reduced<\/p>\r\n","opt2":"

price is reduced<\/p>\r\n","8":"

price remains constant<\/p>\r\n","opt3":"

price remains constant<\/p>\r\n","9":"

price is not given<\/p>\r\n","opt4":"

price is not given<\/p>\r\n","10":"

the commodity is a luxury<\/p>\r\n","opt5":"

the commodity is a luxury<\/p>\r\n","11":"B","ans":"B","12":"1503660435","date_added":"1503660435","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"47","q_id":"47","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

In any economic system, which of the following is not an economic problem?<\/p>\r\n","question":"

In any economic system, which of the following is not an economic problem?<\/p>\r\n","6":"

What goods and services to produce<\/p>\r\n","opt1":"

What goods and services to produce<\/p>\r\n","7":"

For whom to produce goods or services<\/p>\r\n","opt2":"

For whom to produce goods or services<\/p>\r\n","8":"

What techniques of production to be adopted<\/p>\r\n","opt3":"

What techniques of production to be adopted<\/p>\r\n","9":"

Equal distribution of the goods and services<\/p>\r\n","opt4":"

Equal distribution of the goods and services<\/p>\r\n","10":"

How to ensure that the economy row over time<\/p>\r\n","opt5":"

How to ensure that the economy row over time<\/p>\r\n","11":"D","ans":"D","12":"1503660513","date_added":"1503660513","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"48","q_id":"48","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The major currency used for granting credits to member countries of the International monetary Fund (IMF) is the?<\/p>\r\n","question":"

The major currency used for granting credits to member countries of the International monetary Fund (IMF) is the?<\/p>\r\n","6":"

US dollar<\/p>\r\n","opt1":"

US dollar<\/p>\r\n","7":"

Canadian dollar<\/p>\r\n","opt2":"

Canadian dollar<\/p>\r\n","8":"

Pound Sterling<\/p>\r\n","opt3":"

Pound Sterling<\/p>\r\n","9":"

Deutschemark<\/p>\r\n","opt4":"

Deutschemark<\/p>\r\n","10":"

Belgian franc.<\/p>\r\n","opt5":"

Belgian franc.<\/p>\r\n","11":"A","ans":"A","12":"1503660668","date_added":"1503660668","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"49","q_id":"49","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The two largest producers of crude oil.in Nigeria are?<\/p>\r\n","question":"

The two largest producers of crude oil.in Nigeria are?<\/p>\r\n","6":"

Borno and Ondo States<\/p>\r\n","opt1":"

Borno and Ondo States<\/p>\r\n","7":"

Oyo and Bendel States<\/p>\r\n","opt2":"

Oyo and Bendel States<\/p>\r\n","8":"

Kwara and Benue States<\/p>\r\n","opt3":"

Kwara and Benue States<\/p>\r\n","9":"

Rivers and Bendel States<\/p>\r\n","opt4":"

Rivers and Bendel States<\/p>\r\n","10":"

Niger and Rivers States<\/p>\r\n","opt5":"

Niger and Rivers States<\/p>\r\n","11":"D","ans":"D","12":"1503660766","date_added":"1503660766","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"50","q_id":"50","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

If a producer sells 1kg of rice for N2.00 and his marginal product is 100kg, what is the highest wage he can pay the marginal labourer?<\/p>\r\n","question":"

If a producer sells 1kg of rice for N2.00 and his marginal product is 100kg, what is the highest wage he can pay the marginal labourer?<\/p>\r\n","6":"

N20.00<\/p>\r\n","opt1":"

N20.00<\/p>\r\n","7":"

N30.00<\/p>\r\n","opt2":"

N30.00<\/p>\r\n","8":"

N50.00<\/p>\r\n","opt3":"

N50.00<\/p>\r\n","9":"

N100.00<\/p>\r\n","opt4":"

N100.00<\/p>\r\n","10":"

N200.00<\/p>\r\n","opt5":"

N200.00<\/p>\r\n","11":"E","ans":"E","12":"1503660920","date_added":"1503660920","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"51","q_id":"51","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Nigeria indigenization decree was promulgated in order to?<\/p>\r\n","question":"

Nigeria indigenization decree was promulgated in order to?<\/p>\r\n","6":"

allow indigenes to have full participation in the economic activities of the country<\/p>\r\n","opt1":"

allow indigenes to have full participation in the economic activities of the country<\/p>\r\n","7":"

drive away foreigners<\/p>\r\n","opt2":"

drive away foreigners<\/p>\r\n","8":"

give equal chances to indigenes and foreigners in making economic decisions in the country<\/p>\r\n","opt3":"

give equal chances to indigenes and foreigners in making economic decisions in the country<\/p>\r\n","9":"

give industrial training to indigenes<\/p>\r\n","opt4":"

give industrial training to indigenes<\/p>\r\n","10":"

indigenes expose the economic activities of the country<\/p>\r\n","opt5":"

indigenes expose the economic activities of the country<\/p>\r\n","11":"A","ans":"A","12":"1503661076","date_added":"1503661076","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"52","q_id":"52","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

An economic system in which most capital goods are owned by individuals?<\/p>\r\n","question":"

An economic system in which most capital goods are owned by individuals?<\/p>\r\n","6":"

Mixed economy<\/p>\r\n","opt1":"

Mixed economy<\/p>\r\n","7":"

Planned economy<\/p>\r\n","opt2":"

Planned economy<\/p>\r\n","8":"

Capitalist economy<\/p>\r\n","opt3":"

Capitalist economy<\/p>\r\n","9":"

Traditional economy<\/p>\r\n","opt4":"

Traditional economy<\/p>\r\n","10":"

Civilized economy<\/p>\r\n","opt5":"

Civilized economy<\/p>\r\n","11":"C","ans":"C","12":"1503661172","date_added":"1503661172","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"53","q_id":"53","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

 Which of the following is not a feature of the Sole Proprietorship?<\/p>\r\n","question":"

 Which of the following is not a feature of the Sole Proprietorship?<\/p>\r\n","6":"

the Sole Proprietor provides the capital to start the business<\/p>\r\n","opt1":"

the Sole Proprietor provides the capital to start the business<\/p>\r\n","7":"

the Sole Proprietor is the boss of his business<\/p>\r\n","opt2":"

the Sole Proprietor is the boss of his business<\/p>\r\n","8":"

there is unlimited liability<\/p>\r\n","opt3":"

there is unlimited liability<\/p>\r\n","9":"

continuity is doubtful at the death of the proprietor<\/p>\r\n","opt4":"

continuity is doubtful at the death of the proprietor<\/p>\r\n","10":"

decision can be taken only by 10 people<\/p>\r\n","opt5":"

decision can be taken only by 10 people<\/p>\r\n","11":"E","ans":"E","12":"1503661241","date_added":"1503661241","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"54","q_id":"54","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The international Bank for Reconstruction and Development (IBRD) is important to the developing nations because it?<\/p>\r\n","question":"

The international Bank for Reconstruction and Development (IBRD) is important to the developing nations because it?<\/p>\r\n","6":"

gives loans to members for legal proceedings<\/p>\r\n","opt1":"

gives loans to members for legal proceedings<\/p>\r\n","7":"

offers grants and aids for defence<\/p>\r\n","opt2":"

offers grants and aids for defence<\/p>\r\n","8":"

enhances financial relationship among countries<\/p>\r\n","opt3":"

enhances financial relationship among countries<\/p>\r\n","9":"

offers soft loans for educational and health services<\/p>\r\n","opt4":"

offers soft loans for educational and health services<\/p>\r\n","10":"

offers grants and aids to finance private projects<\/p>\r\n","opt5":"

offers grants and aids to finance private projects<\/p>\r\n","11":"C","ans":"C","12":"1503661323","date_added":"1503661323","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"55","q_id":"55","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of these best explains the Malthusian theory of population?<\/p>\r\n","question":"

Which of these best explains the Malthusian theory of population?<\/p>\r\n","6":"

increase in population causes hunger and death<\/p>\r\n","opt1":"

increase in population causes hunger and death<\/p>\r\n","7":"

The population increases faster than food supply<\/p>\r\n","opt2":"

The population increases faster than food supply<\/p>\r\n","8":"

The population grows at arithmetic progression while food production grows at geometric progression<\/p>\r\n","opt3":"

The population grows at arithmetic progression while food production grows at geometric progression<\/p>\r\n","9":"

People could be sent to 'No man's land' when the population increases<\/p>\r\n","opt4":"

People could be sent to 'No man's land' when the population increases<\/p>\r\n","10":"

People should produce as many children as they could because passion cannot be controlled<\/p>\r\n","opt5":"

People should produce as many children as they could because passion cannot be controlled<\/p>\r\n","11":"B","ans":"B","12":"1503661424","date_added":"1503661424","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"56","q_id":"56","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of the following is the most liquid asset to a commercial bank?<\/p>\r\n","question":"

Which of the following is the most liquid asset to a commercial bank?<\/p>\r\n","6":"

Money at call-and short notice<\/p>\r\n","opt1":"

Money at call-and short notice<\/p>\r\n","7":"

Treasury Bills<\/p>\r\n","opt2":"

Treasury Bills<\/p>\r\n","8":"

Commercial Bills<\/p>\r\n","opt3":"

Commercial Bills<\/p>\r\n","9":"

Stocks and Shares<\/p>\r\n","opt4":"

Stocks and Shares<\/p>\r\n","10":"

Cash<\/p>\r\n","opt5":"

Cash<\/p>\r\n","11":"E","ans":"E","12":"1503661485","date_added":"1503661485","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"57","q_id":"57","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of the following statements is true about terms of trade?<\/p>\r\n","question":"

Which of the following statements is true about terms of trade?<\/p>\r\n","6":"

Terms of trade shows the difference between the value of exports and imports<\/p>\r\n","opt1":"

Terms of trade shows the difference between the value of exports and imports<\/p>\r\n","7":"

Terms of trade indicate the rate at which export exchange for imports<\/p>\r\n","opt2":"

Terms of trade indicate the rate at which export exchange for imports<\/p>\r\n","8":"

It is ratio of the price index of exports to imports<\/p>\r\n","opt3":"

It is ratio of the price index of exports to imports<\/p>\r\n","9":"

It is usually express as a percentage<\/p>\r\n","opt4":"

It is usually express as a percentage<\/p>\r\n","10":"

Rise in the Price of exports relative to imports is an improvement<\/p>\r\n","opt5":"

Rise in the Price of exports relative to imports is an improvement<\/p>\r\n","11":"C","ans":"C","12":"1503661566","date_added":"1503661566","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"58","q_id":"58","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of these does not relate to the law of comparative advantage?<\/p>\r\n","question":"

Which of these does not relate to the law of comparative advantage?<\/p>\r\n","6":"

The law of comparative advantage was propounded by David Ricardo<\/p>\r\n","opt1":"

The law of comparative advantage was propounded by David Ricardo<\/p>\r\n","7":"

The law stresses the importance of relative efficiency<\/p>\r\n","opt2":"

The law stresses the importance of relative efficiency<\/p>\r\n","8":"

In order to specialize, a country must have absolute advantage<\/p>\r\n","opt3":"

In order to specialize, a country must have absolute advantage<\/p>\r\n","9":"

The law is based on opportunity cost principle<\/p>\r\n","opt4":"

The law is based on opportunity cost principle<\/p>\r\n","10":"

The principle if followed should increase total world output<\/p>\r\n","opt5":"

The principle if followed should increase total world output<\/p>\r\n","11":"C","ans":"C","12":"1503661693","date_added":"1503661693","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"59","q_id":"59","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

A condition which adversely affects expansion of production is?<\/p>\r\n","question":"

A condition which adversely affects expansion of production is?<\/p>\r\n","6":"

effective management<\/p>\r\n","opt1":"

effective management<\/p>\r\n","7":"

limited size of the market<\/p>\r\n","opt2":"

limited size of the market<\/p>\r\n","8":"

availability of funds<\/p>\r\n","opt3":"

availability of funds<\/p>\r\n","9":"

increased profit prospects<\/p>\r\n","opt4":"

increased profit prospects<\/p>\r\n","10":"

increasing returns to scale<\/p>\r\n","opt5":"

increasing returns to scale<\/p>\r\n","11":"B","ans":"B","12":"1503661794","date_added":"1503661794","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"60","q_id":"60","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

International trade and domestic trade are similar in all aspects except that?<\/p>\r\n","question":"

International trade and domestic trade are similar in all aspects except that?<\/p>\r\n","6":"

transportation by land, water and air is involved<\/p>\r\n","opt1":"

transportation by land, water and air is involved<\/p>\r\n","7":"

goods are exchanged<\/p>\r\n","opt2":"

goods are exchanged<\/p>\r\n","8":"

services are exchanged<\/p>\r\n","opt3":"

services are exchanged<\/p>\r\n","9":"

the same currency is used as medium of exchange<\/p>\r\n","opt4":"

the same currency is used as medium of exchange<\/p>\r\n","10":"

specialization and increased consumption is encouraged<\/p>\r\n","opt5":"

specialization and increased consumption is encouraged<\/p>\r\n","11":"D","ans":"D","12":"1503661973","date_added":"1503661973","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"61","q_id":"61","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The drawer of a cheque is the<\/p>\r\n","question":"

The drawer of a cheque is the<\/p>\r\n","6":"

person who is to be paid the sum of money as written on the cheque<\/p>\r\n","opt1":"

person who is to be paid the sum of money as written on the cheque<\/p>\r\n","7":"

person who takes the cheque to the bank<\/p>\r\n","opt2":"

person who takes the cheque to the bank<\/p>\r\n","8":"

bank on which the cheque is drawn<\/p>\r\n","opt3":"

bank on which the cheque is drawn<\/p>\r\n","9":"

person who writes out the cheque<\/p>\r\n","opt4":"

person who writes out the cheque<\/p>\r\n","10":"

bank official who certifies the payment<\/p>\r\n","opt5":"

bank official who certifies the payment<\/p>\r\n","11":"D","ans":"D","12":"1503662036","date_added":"1503662036","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"62","q_id":"62","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of the following is not an item of capital expenditure?<\/p>\r\n","question":"

Which of the following is not an item of capital expenditure?<\/p>\r\n","6":"

building of roads and bridges<\/p>\r\n","opt1":"

building of roads and bridges<\/p>\r\n","7":"

supply of electricity<\/p>\r\n","opt2":"

supply of electricity<\/p>\r\n","8":"

building of dams<\/p>\r\n","opt3":"

building of dams<\/p>\r\n","9":"

building of harbours<\/p>\r\n","opt4":"

building of harbours<\/p>\r\n","10":"

payment of interest on loans<\/p>\r\n\r\n

 <\/p>\r\n","opt5":"

payment of interest on loans<\/p>\r\n\r\n

 <\/p>\r\n","11":"E","ans":"E","12":"1503662116","date_added":"1503662116","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"63","q_id":"63","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of the following roles is being played by the Organization of Petroleum exporting countries (OPEC) with regards to Nigeria's crude oil?<\/p>\r\n","question":"

Which of the following roles is being played by the Organization of Petroleum exporting countries (OPEC) with regards to Nigeria's crude oil?<\/p>\r\n","6":"

Exploiting<\/p>\r\n","opt1":"

Exploiting<\/p>\r\n","7":"

Exploring<\/p>\r\n","opt2":"

Exploring<\/p>\r\n","8":"

Refining<\/p>\r\n","opt3":"

Refining<\/p>\r\n","9":"

Marketing<\/p>\r\n","opt4":"

Marketing<\/p>\r\n","10":"

Exporting<\/p>\r\n","opt5":"

Exporting<\/p>\r\n","11":"D","ans":"D","12":"1503662188","date_added":"1503662188","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"64","q_id":"64","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The coefficient of price elasticity of demand is zero when demand is?<\/p>\r\n","question":"

The coefficient of price elasticity of demand is zero when demand is?<\/p>\r\n","6":"

fairly elastic<\/p>\r\n","opt1":"

fairly elastic<\/p>\r\n","7":"

perfectly inelastic<\/p>\r\n","opt2":"

perfectly inelastic<\/p>\r\n","8":"

fairly inelastic<\/p>\r\n","opt3":"

fairly inelastic<\/p>\r\n","9":"

unitary elastic<\/p>\r\n","opt4":"

unitary elastic<\/p>\r\n","10":"

perfectly elastic<\/p>\r\n","opt5":"

perfectly elastic<\/p>\r\n","11":"B","ans":"B","12":"1503662256","date_added":"1503662256","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"65","q_id":"65","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

External economies occur when?<\/p>\r\n","question":"

External economies occur when?<\/p>\r\n","6":"

industries are scattered all around<\/p>\r\n","opt1":"

industries are scattered all around<\/p>\r\n","7":"

a firm decides to expand<\/p>\r\n","opt2":"

a firm decides to expand<\/p>\r\n","8":"

industries are producing below capacity<\/p>\r\n","opt3":"

industries are producing below capacity<\/p>\r\n","9":"

firms comprising an industry are concentrated in one area<\/p>\r\n","opt4":"

firms comprising an industry are concentrated in one area<\/p>\r\n","10":"

a firm is located near raw materials<\/p>\r\n","opt5":"

a firm is located near raw materials<\/p>\r\n","11":"D","ans":"D","12":"1503662328","date_added":"1503662328","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"66","q_id":"66","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

When the demand for a commodity is inelastic, who bears greater burden of the indirect tax?<\/p>\r\n","question":"

When the demand for a commodity is inelastic, who bears greater burden of the indirect tax?<\/p>\r\n","6":"

The producer<\/p>\r\n","opt1":"

The producer<\/p>\r\n","7":"

The government<\/p>\r\n","opt2":"

The government<\/p>\r\n","8":"

The retailer<\/p>\r\n","opt3":"

The retailer<\/p>\r\n","9":"

The consumer<\/p>\r\n","opt4":"

The consumer<\/p>\r\n","10":"

The wholesaler<\/p>\r\n","opt5":"

The wholesaler<\/p>\r\n","11":"D","ans":"D","12":"1503662427","date_added":"1503662427","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"67","q_id":"67","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of the following crops can be referred to as Nigeria's current export crops?<\/p>\r\n","question":"

Which of the following crops can be referred to as Nigeria's current export crops?<\/p>\r\n","6":"

Rubber, Groundnuts, Beniseed, Cotton<\/p>\r\n","opt1":"

Rubber, Groundnuts, Beniseed, Cotton<\/p>\r\n","7":"

Shear butter, Sorghum, Onions<\/p>\r\n","opt2":"

Shear butter, Sorghum, Onions<\/p>\r\n","8":"

Rubber, Cocoa, coffee, Palm Kernel<\/p>\r\n","opt3":"

Rubber, Cocoa, coffee, Palm Kernel<\/p>\r\n","9":"

Palm Oil, Palm Kernel, Sugarcane<\/p>\r\n","opt4":"

Palm Oil, Palm Kernel, Sugarcane<\/p>\r\n","10":"

Soya beans, Rice, Groundnut, and Cashewnut<\/p>\r\n","opt5":"

Soya beans, Rice, Groundnut, and Cashewnut<\/p>\r\n","11":"C","ans":"C","12":"1503662535","date_added":"1503662535","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"68","q_id":"68","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The imposition of high income4ax by government to cut down demand is known as?<\/p>\r\n","question":"

The imposition of high income4ax by government to cut down demand is known as?<\/p>\r\n","6":"

monetary policy<\/p>\r\n","opt1":"

monetary policy<\/p>\r\n","7":"

budgetary policy<\/p>\r\n","opt2":"

budgetary policy<\/p>\r\n","8":"

fiscal policy<\/p>\r\n","opt3":"

fiscal policy<\/p>\r\n","9":"

internal policy<\/p>\r\n","opt4":"

internal policy<\/p>\r\n","10":"

development policy<\/p>\r\n","opt5":"

development policy<\/p>\r\n","11":"C","ans":"C","12":"1503662619","date_added":"1503662619","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"69","q_id":"69","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Which of these factors does not affect revenue allocation in Nigeria?<\/p>\r\n","question":"

Which of these factors does not affect revenue allocation in Nigeria?<\/p>\r\n","6":"

Needs of an area<\/p>\r\n","opt1":"

Needs of an area<\/p>\r\n","7":"

Size of the population of an area<\/p>\r\n","opt2":"

Size of the population of an area<\/p>\r\n","8":"

Number of industries and land area<\/p>\r\n","opt3":"

Number of industries and land area<\/p>\r\n","9":"

Revenue derivable from an area<\/p>\r\n","opt4":"

Revenue derivable from an area<\/p>\r\n","10":"

Development needs of the country<\/p>\r\n","opt5":"

Development needs of the country<\/p>\r\n","11":"C","ans":"C","12":"1503662669","date_added":"1503662669","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"70","q_id":"70","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

The term marginal propensity to consume can best be explained as the?<\/p>\r\n","question":"

The term marginal propensity to consume can best be explained as the?<\/p>\r\n","6":"

desire to spend more income on consumption<\/p>\r\n","opt1":"

desire to spend more income on consumption<\/p>\r\n","7":"

change in consumption as a percentage of the change in income<\/p>\r\n","opt2":"

change in consumption as a percentage of the change in income<\/p>\r\n","8":"

Number of industries and land area<\/p>\r\n","opt3":"

Number of industries and land area<\/p>\r\n","9":"

Revenue derivable from an area<\/p>\r\n","opt4":"

Revenue derivable from an area<\/p>\r\n","10":"

Development needs of the country<\/p>\r\n","opt5":"

Development needs of the country<\/p>\r\n","11":"C","ans":"C","12":"1503662759","date_added":"1503662759","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"71","q_id":"71","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1988","year":"1988","5":"

Subsistence farming means producing food?<\/p>\r\n","question":"

Subsistence farming means producing food?<\/p>\r\n","6":"

mainly for the need of our immediate and extended family<\/p>\r\n","opt1":"

mainly for the need of our immediate and extended family<\/p>\r\n","7":"

crops for sale mainly<\/p>\r\n","opt2":"

crops for sale mainly<\/p>\r\n","8":"

crops mainly for export<\/p>\r\n","opt3":"

crops mainly for export<\/p>\r\n","9":"

to feed the community around<\/p>\r\n","opt4":"

to feed the community around<\/p>\r\n","10":"

in order to satisfy the government directives<\/p>\r\n","opt5":"

in order to satisfy the government directives<\/p>\r\n","11":"A","ans":"A","12":"1503663085","date_added":"1503663085","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"72","q_id":"72","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Scarcity in Economics means that resources?<\/p>\r\n","question":"

Scarcity in Economics means that resources?<\/p>\r\n","6":"

are not enough to share among the producers of goods and services<\/p>\r\n","opt1":"

are not enough to share among the producers of goods and services<\/p>\r\n","7":"

needed to satisfy human wants are limited<\/p>\r\n","opt2":"

needed to satisfy human wants are limited<\/p>\r\n","8":"

is never enough to share among consumers of goods and services<\/p>\r\n","opt3":"

is never enough to share among consumers of goods and services<\/p>\r\n","9":"

required to meet our essential wants are unlimited<\/p>\r\n","opt4":"

required to meet our essential wants are unlimited<\/p>\r\n","10":"

can be managed if those who use them behave rationally<\/p>\r\n","opt5":"

can be managed if those who use them behave rationally<\/p>\r\n","11":"B","ans":"B","12":"1503663418","date_added":"1503663418","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"73","q_id":"73","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

A table which shows the price of a commodity and the quantity of it that is demanded per unit time is a?<\/p>\r\n","question":"

A table which shows the price of a commodity and the quantity of it that is demanded per unit time is a?<\/p>\r\n","6":"

time series<\/p>\r\n","opt1":"

time series<\/p>\r\n","7":"

demand series<\/p>\r\n","opt2":"

demand series<\/p>\r\n","8":"

demand curve<\/p>\r\n","opt3":"

demand curve<\/p>\r\n","9":"

demand schedule<\/p>\r\n","opt4":"

demand schedule<\/p>\r\n","10":"

time schedule<\/p>\r\n","opt5":"

time schedule<\/p>\r\n","11":"B","ans":"B","12":"1503663507","date_added":"1503663507","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"74","q_id":"74","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The greatest disadvantage of the barter system is the need for?<\/p>\r\n","question":"

The greatest disadvantage of the barter system is the need for?<\/p>\r\n","6":"

durability<\/p>\r\n","opt1":"

durability<\/p>\r\n","7":"

divisibility<\/p>\r\n","opt2":"

divisibility<\/p>\r\n","8":"

homogeneity<\/p>\r\n","opt3":"

homogeneity<\/p>\r\n","9":"

double coincidence of wants<\/p>\r\n","opt4":"

double coincidence of wants<\/p>\r\n","10":"

portability<\/p>\r\n","opt5":"

portability<\/p>\r\n","11":"D","ans":"D","12":"1503663596","date_added":"1503663596","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"75","q_id":"75","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

An inflation in which the price level rises steadily at an average rate of about 2% per annum is best described as?<\/p>\r\n","question":"

An inflation in which the price level rises steadily at an average rate of about 2% per annum is best described as?<\/p>\r\n","6":"

galloping<\/p>\r\n","opt1":"

galloping<\/p>\r\n","7":"

induced<\/p>\r\n","opt2":"

induced<\/p>\r\n","8":"

creeping<\/p>\r\n","opt3":"

creeping<\/p>\r\n","9":"

suppressed<\/p>\r\n","opt4":"

suppressed<\/p>\r\n","10":"

run-away<\/p>\r\n","opt5":"

run-away<\/p>\r\n","11":"D","ans":"D","12":"1503663669","date_added":"1503663669","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"76","q_id":"76","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

In Economics, market is defined as?<\/p>\r\n","question":"

In Economics, market is defined as?<\/p>\r\n","6":"

a place where buyers and sellers come together to exchange goods<\/p>\r\n","opt1":"

a place where buyers and sellers come together to exchange goods<\/p>\r\n","7":"

any agreement made for consumers to buy a I they need<\/p>\r\n","opt2":"

any agreement made for consumers to buy a I they need<\/p>\r\n","8":"

any arrangement made for producers to sell all their goods<\/p>\r\n","opt3":"

any arrangement made for producers to sell all their goods<\/p>\r\n","9":"

any arrangement whereby the buyers and sellers are in close touch with one another<\/p>\r\n","opt4":"

any arrangement whereby the buyers and sellers are in close touch with one another<\/p>\r\n","10":"

a place where only consumer goods are sold<\/p>\r\n","opt5":"

a place where only consumer goods are sold<\/p>\r\n","11":"D","ans":"D","12":"1503663761","date_added":"1503663761","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"77","q_id":"77","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Money supply at any given point in time refers to<\/p>\r\n","question":"

Money supply at any given point in time refers to<\/p>\r\n","6":"

bank notes, coins and demand deposits<\/p>\r\n","opt1":"

bank notes, coins and demand deposits<\/p>\r\n","7":"

notes and coins only<\/p>\r\n","opt2":"

notes and coins only<\/p>\r\n","8":"

minted money<\/p>\r\n","opt3":"

minted money<\/p>\r\n","9":"

hoarded money<\/p>\r\n","opt4":"

hoarded money<\/p>\r\n","10":"

money received as gifts<\/p>\r\n","opt5":"

money received as gifts<\/p>\r\n","11":"A","ans":"A","12":"1503663973","date_added":"1503663973","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"78","q_id":"78","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

All the following are sources of finance to a Join Stock Company except?<\/p>\r\n","question":"

All the following are sources of finance to a Join Stock Company except?<\/p>\r\n","6":"

bank loan<\/p>\r\n","opt1":"

bank loan<\/p>\r\n","7":"

equity shares<\/p>\r\n","opt2":"

equity shares<\/p>\r\n","8":"

debentures<\/p>\r\n","opt3":"

debentures<\/p>\r\n","9":"

preference shares<\/p>\r\n","opt4":"

preference shares<\/p>\r\n","10":"

cooperative thrift<\/p>\r\n","opt5":"

cooperative thrift<\/p>\r\n","11":"E","ans":"E","12":"1503664035","date_added":"1503664035","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"79","q_id":"79","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Data presented in tables are usually arranged in?<\/p>\r\n","question":"

Data presented in tables are usually arranged in?<\/p>\r\n","6":"

charts and tables<\/p>\r\n","opt1":"

charts and tables<\/p>\r\n","7":"

rows and columns<\/p>\r\n","opt2":"

rows and columns<\/p>\r\n","8":"

graphs and rows<\/p>\r\n","opt3":"

graphs and rows<\/p>\r\n","9":"

pictogram and columns<\/p>\r\n","opt4":"

pictogram and columns<\/p>\r\n","10":"

maps and pie charts<\/p>\r\n","opt5":"

maps and pie charts<\/p>\r\n","11":"B","ans":"B","12":"1503664101","date_added":"1503664101","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"80","q_id":"80","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following is not a function of money?<\/p>\r\n","question":"

Which of the following is not a function of money?<\/p>\r\n","6":"

Store of value<\/p>\r\n","opt1":"

Store of value<\/p>\r\n","7":"

Unit of account<\/p>\r\n","opt2":"

Unit of account<\/p>\r\n","8":"

Measure of value<\/p>\r\n","opt3":"

Measure of value<\/p>\r\n","9":"

Standard for deferred payment<\/p>\r\n","opt4":"

Standard for deferred payment<\/p>\r\n","10":"

Stability in value<\/p>\r\n","opt5":"

Stability in value<\/p>\r\n","11":"E","ans":"E","12":"1503664314","date_added":"1503664314","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"81","q_id":"81","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following is not appropriate in calculating national income figures?<\/p>\r\n","question":"

Which of the following is not appropriate in calculating national income figures?<\/p>\r\n","6":"

Output method<\/p>\r\n","opt1":"

Output method<\/p>\r\n","7":"

Income method<\/p>\r\n","opt2":"

Income method<\/p>\r\n","8":"

Expenditure method<\/p>\r\n","opt3":"

Expenditure method<\/p>\r\n","9":"

Value added method<\/p>\r\n","opt4":"

Value added method<\/p>\r\n","10":"

Depreciation method<\/p>\r\n","opt5":"

Depreciation method<\/p>\r\n","11":"E","ans":"E","12":"1503664520","date_added":"1503664520","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"82","q_id":"82","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

What is the correct term for this group of exports: tractors, television, components, drugs and cars?<\/p>\r\n","question":"

What is the correct term for this group of exports: tractors, television, components, drugs and cars?<\/p>\r\n","6":"

Current account items<\/p>\r\n","opt1":"

Current account items<\/p>\r\n","7":"

Visible exports<\/p>\r\n","opt2":"

Visible exports<\/p>\r\n","8":"

Capital account items<\/p>\r\n","opt3":"

Capital account items<\/p>\r\n","9":"

Invisible exports<\/p>\r\n","opt4":"

Invisible exports<\/p>\r\n","10":"

Visible imports<\/p>\r\n","opt5":"

Visible imports<\/p>\r\n","11":"B","ans":"B","12":"1503664602","date_added":"1503664602","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"83","q_id":"83","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The indicator of the value of money in the market is?<\/p>\r\n","question":"

The indicator of the value of money in the market is?<\/p>\r\n","6":"

the general price level<\/p>\r\n","opt1":"

the general price level<\/p>\r\n","7":"

effective supply<\/p>\r\n","opt2":"

effective supply<\/p>\r\n","8":"

the equilibrium price<\/p>\r\n","opt3":"

the equilibrium price<\/p>\r\n","9":"

effective demand<\/p>\r\n","opt4":"

effective demand<\/p>\r\n","10":"

consumer's income<\/p>\r\n","opt5":"

consumer's income<\/p>\r\n","11":"A","ans":"A","12":"1503664666","date_added":"1503664666","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"84","q_id":"84","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Mobility of labour is not affected by?<\/p>\r\n","question":"

Mobility of labour is not affected by?<\/p>\r\n","6":"

the optimum size of population<\/p>\r\n","opt1":"

the optimum size of population<\/p>\r\n","7":"

marriage and family<\/p>\r\n","opt2":"

marriage and family<\/p>\r\n","8":"

the regulation of trade unions<\/p>\r\n","opt3":"

the regulation of trade unions<\/p>\r\n","9":"

the period of training<\/p>\r\n","opt4":"

the period of training<\/p>\r\n","10":"

cultural and religious beliefs<\/p>\r\n","opt5":"

cultural and religious beliefs<\/p>\r\n","11":"A","ans":"A","12":"1503664773","date_added":"1503664773","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"85","q_id":"85","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Given that fixed cost is N500.00, variable cost is N1,500.00 and output is 50 units, what will be the average cost of producing one unit?<\/p>\r\n","question":"

Given that fixed cost is N500.00, variable cost is N1,500.00 and output is 50 units, what will be the average cost of producing one unit?<\/p>\r\n","6":"

N2,000.00<\/p>\r\n","opt1":"

N2,000.00<\/p>\r\n","7":"

N60.00<\/p>\r\n","opt2":"

N60.00<\/p>\r\n","8":"

N50.00<\/p>\r\n","opt3":"

N50.00<\/p>\r\n","9":"

N40.00<\/p>\r\n","opt4":"

N40.00<\/p>\r\n","10":"

N30.00<\/p>\r\n","opt5":"

N30.00<\/p>\r\n","11":"D","ans":"D","12":"1503664839","date_added":"1503664839","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"86","q_id":"86","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following is regarded as fixed cost?<\/p>\r\n","question":"

Which of the following is regarded as fixed cost?<\/p>\r\n","6":"

Cost of raw materials<\/p>\r\n","opt1":"

Cost of raw materials<\/p>\r\n","7":"

Cost of fuel<\/p>\r\n","opt2":"

Cost of fuel<\/p>\r\n","8":"

Cost of light<\/p>\r\n","opt3":"

Cost of light<\/p>\r\n","9":"

Rent on land<\/p>\r\n","opt4":"

Rent on land<\/p>\r\n","10":"

Labour wages<\/p>\r\n","opt5":"

Labour wages<\/p>\r\n","11":"D","ans":"D","12":"1503664894","date_added":"1503664894","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"87","q_id":"87","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following reasons explains the upward sloping supply curve in a competitive market?<\/p>\r\n","question":"

Which of the following reasons explains the upward sloping supply curve in a competitive market?<\/p>\r\n","6":"

Ceteris paribus, marginal cost increases as output increases<\/p>\r\n","opt1":"

Ceteris paribus, marginal cost increases as output increases<\/p>\r\n","7":"

As new firms enter the market, factor prices move up<\/p>\r\n","opt2":"

As new firms enter the market, factor prices move up<\/p>\r\n","8":"

Firms are in business to satisfy consumers<\/p>\r\n","opt3":"

Firms are in business to satisfy consumers<\/p>\r\n","9":"

Marginal cost often increases in a competitive market<\/p>\r\n","opt4":"

Marginal cost often increases in a competitive market<\/p>\r\n","10":"

Firms are in business to produce goods<\/p>\r\n","opt5":"

Firms are in business to produce goods<\/p>\r\n","11":"A","ans":"A","12":"1503664952","date_added":"1503664952","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"88","q_id":"88","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

A firm is said to be a Public Joint-Stock Company when it?<\/p>\r\n","question":"

A firm is said to be a Public Joint-Stock Company when it?<\/p>\r\n","6":"

is owned by the government<\/p>\r\n","opt1":"

is owned by the government<\/p>\r\n","7":"

operates as a public corporation<\/p>\r\n","opt2":"

operates as a public corporation<\/p>\r\n","8":"

is a limited liability company<\/p>\r\n","opt3":"

is a limited liability company<\/p>\r\n","9":"

sells its shares to members of the public<\/p>\r\n","opt4":"

sells its shares to members of the public<\/p>\r\n","10":"

registered by the public<\/p>\r\n","opt5":"

registered by the public<\/p>\r\n","11":"D","ans":"D","12":"1503665021","date_added":"1503665021","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"89","q_id":"89","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following factors is not important in deciding the location of an industry?<\/p>\r\n","question":"

Which of the following factors is not important in deciding the location of an industry?<\/p>\r\n","6":"

native language of the people<\/p>\r\n","opt1":"

native language of the people<\/p>\r\n","7":"

Availability of suitable labour<\/p>\r\n","opt2":"

Availability of suitable labour<\/p>\r\n","8":"

Sources of cheap power and raw and raw materials<\/p>\r\n","opt3":"

Sources of cheap power and raw and raw materials<\/p>\r\n","9":"

Proximity to the location of a similar industry<\/p>\r\n","opt4":"

Proximity to the location of a similar industry<\/p>\r\n","10":"

Proximity to the market<\/p>\r\n","opt5":"

Proximity to the market<\/p>\r\n","11":"A","ans":"A","12":"1503665094","date_added":"1503665094","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"90","q_id":"90","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The clearing house of all commercial banks in Nigeria is the?<\/p>\r\n","question":"

The clearing house of all commercial banks in Nigeria is the?<\/p>\r\n","6":"

General Post Office<\/p>\r\n","opt1":"

General Post Office<\/p>\r\n","7":"

Bank for Commerce and Industry<\/p>\r\n","opt2":"

Bank for Commerce and Industry<\/p>\r\n","8":"

Nigerian Industrial Development Bank<\/p>\r\n","opt3":"

Nigerian Industrial Development Bank<\/p>\r\n","9":"

Mortgage Bank<\/p>\r\n","opt4":"

Mortgage Bank<\/p>\r\n","10":"

Central Bank<\/p>\r\n","opt5":"

Central Bank<\/p>\r\n","11":"E","ans":"E","12":"1503665164","date_added":"1503665164","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"91","q_id":"91","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

One of the advantages of a sole proprietorship is that?<\/p>\r\n","question":"

One of the advantages of a sole proprietorship is that?<\/p>\r\n","6":"

risks are unlimited<\/p>\r\n","opt1":"

risks are unlimited<\/p>\r\n","7":"

technological progress is often out of reach<\/p>\r\n","opt2":"

technological progress is often out of reach<\/p>\r\n","8":"

shares and stocks can be issued to raise funds<\/p>\r\n","opt3":"

shares and stocks can be issued to raise funds<\/p>\r\n","9":"

initiative can be used in all cases<\/p>\r\n","opt4":"

initiative can be used in all cases<\/p>\r\n","10":"

it folds up in the case of death, lunacy or insolvency<\/p>\r\n","opt5":"

it folds up in the case of death, lunacy or insolvency<\/p>\r\n","11":"D","ans":"D","12":"1503665233","date_added":"1503665233","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"92","q_id":"92","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following does not hinder the efficient distribution of goods in West Africa?<\/p>\r\n","question":"

Which of the following does not hinder the efficient distribution of goods in West Africa?<\/p>\r\n","6":"

Inadequate transportation network<\/p>\r\n","opt1":"

Inadequate transportation network<\/p>\r\n","7":"

inadequate storage facilities for agricultural goods<\/p>\r\n","opt2":"

inadequate storage facilities for agricultural goods<\/p>\r\n","8":"

inadequate credit facilities for potential distributors<\/p>\r\n","opt3":"

inadequate credit facilities for potential distributors<\/p>\r\n","9":"

Government participation in the distributive trade<\/p>\r\n","opt4":"

Government participation in the distributive trade<\/p>\r\n","10":"

The tendency to hoard and smuggle<\/p>\r\n","opt5":"

The tendency to hoard and smuggle<\/p>\r\n","11":"D","ans":"D","12":"1503665305","date_added":"1503665305","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"93","q_id":"93","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following categories of people do not gain during inflation?<\/p>\r\n","question":"

Which of the following categories of people do not gain during inflation?<\/p>\r\n","6":"

Debtors<\/p>\r\n","opt1":"

Debtors<\/p>\r\n","7":"

Businessmen<\/p>\r\n","opt2":"

Businessmen<\/p>\r\n","8":"

Shareholders<\/p>\r\n","opt3":"

Shareholders<\/p>\r\n","9":"

investors<\/p>\r\n","opt4":"

investors<\/p>\r\n","10":"

Creditors<\/p>\r\n","opt5":"

Creditors<\/p>\r\n","11":"E","ans":"E","12":"1503665352","date_added":"1503665352","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"94","q_id":"94","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

One of the arguments against the presence of middlemen in the distribution chain is that they?<\/p>\r\n","question":"

One of the arguments against the presence of middlemen in the distribution chain is that they?<\/p>\r\n","6":"

cause increases in the prices of commodities<\/p>\r\n","opt1":"

cause increases in the prices of commodities<\/p>\r\n","7":"

are commissioned agents<\/p>\r\n","opt2":"

are commissioned agents<\/p>\r\n","8":"

helps in keeping prices stable<\/p>\r\n","opt3":"

helps in keeping prices stable<\/p>\r\n","9":"

grade and blend goods<\/p>\r\n","opt4":"

grade and blend goods<\/p>\r\n","10":"

can be found almost anywhere<\/p>\r\n","opt5":"

can be found almost anywhere<\/p>\r\n","11":"A","ans":"A","12":"1503665424","date_added":"1503665424","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"95","q_id":"95","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following is the normal channel by which commodities reach the final consumers?<\/p>\r\n","question":"

Which of the following is the normal channel by which commodities reach the final consumers?<\/p>\r\n","6":"

Manufacturer-wholesaler-agent retailer-consumer<\/p>\r\n","opt1":"

Manufacturer-wholesaler-agent retailer-consumer<\/p>\r\n","7":"

Manufacturer-wholesaler-retailer-consumer<\/p>\r\n","opt2":"

Manufacturer-wholesaler-retailer-consumer<\/p>\r\n","8":"

Manufacturer-wholesaler-sales representative-retailer-consumer<\/p>\r\n","opt3":"

Manufacturer-wholesaler-sales representative-retailer-consumer<\/p>\r\n","9":"

Manufacturer-wholesaler-sales representative-retailer-consumer<\/p>\r\n","opt4":"

Manufacturer-wholesaler-sales representative-retailer-consumer<\/p>\r\n","10":"

Manufacturer-wholesaler-retailer-sales-representative-consumer<\/p>\r\n","opt5":"

Manufacturer-wholesaler-retailer-sales-representative-consumer<\/p>\r\n","11":"B","ans":"B","12":"1503665505","date_added":"1503665505","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"96","q_id":"96","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The movement of a worker from one grade to another within the same industry is a form of mobility of labour which is<\/p>\r\n","question":"

The movement of a worker from one grade to another within the same industry is a form of mobility of labour which is<\/p>\r\n","6":"

geographical<\/p>\r\n","opt1":"

geographical<\/p>\r\n","7":"

vertical<\/p>\r\n","opt2":"

vertical<\/p>\r\n","8":"

occupational<\/p>\r\n","opt3":"

occupational<\/p>\r\n","9":"

horizontal<\/p>\r\n","opt4":"

horizontal<\/p>\r\n","10":"

lateral<\/p>\r\n","opt5":"

lateral<\/p>\r\n","11":"D","ans":"D","12":"1503665556","date_added":"1503665556","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"97","q_id":"97","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

A person who buys in bulk and sells in bits is a?<\/p>\r\n","question":"

A person who buys in bulk and sells in bits is a?<\/p>\r\n","6":"

manufacturer<\/p>\r\n","opt1":"

manufacturer<\/p>\r\n","7":"

sales representative<\/p>\r\n","opt2":"

sales representative<\/p>\r\n","8":"

retailer<\/p>\r\n","opt3":"

retailer<\/p>\r\n","9":"

advertiser<\/p>\r\n","opt4":"

advertiser<\/p>\r\n","10":"

distributor<\/p>\r\n","opt5":"

distributor<\/p>\r\n","11":"C","ans":"C","12":"1503665606","date_added":"1503665606","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"98","q_id":"98","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following is not correct?<\/p>\r\n","question":"

Which of the following is not correct?<\/p>\r\n","6":"

Population refers to the number of people living in a place<\/p>\r\n","opt1":"

Population refers to the number of people living in a place<\/p>\r\n","7":"

The population of a place is not static<\/p>\r\n","opt2":"

The population of a place is not static<\/p>\r\n","8":"

Population is known through a census<\/p>\r\n","opt3":"

Population is known through a census<\/p>\r\n","9":"

Population is affected by the amount of money in circulation<\/p>\r\n","opt4":"

Population is affected by the amount of money in circulation<\/p>\r\n","10":"

Population can be affected by natural disaster<\/p>\r\n","opt5":"

Population can be affected by natural disaster<\/p>\r\n","11":"D","ans":"D","12":"1503665668","date_added":"1503665668","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"99","q_id":"99","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The money paid per hour or week for work done is known as<\/p>\r\n","question":"

The money paid per hour or week for work done is known as<\/p>\r\n","6":"

cost<\/p>\r\n","opt1":"

cost<\/p>\r\n","7":"

time rate<\/p>\r\n","opt2":"

time rate<\/p>\r\n","8":"

bonus<\/p>\r\n","opt3":"

bonus<\/p>\r\n","9":"

wage rate<\/p>\r\n","opt4":"

wage rate<\/p>\r\n","10":"

labour<\/p>\r\n","opt5":"

labour<\/p>\r\n","11":"D","ans":"D","12":"1503665738","date_added":"1503665738","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"100","q_id":"100","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

In a rapidly growing economy where human labour is being replaced by machines, there is likely to be a<\/p>\r\n","question":"

In a rapidly growing economy where human labour is being replaced by machines, there is likely to be a<\/p>\r\n","6":"

classical unemployment<\/p>\r\n","opt1":"

classical unemployment<\/p>\r\n","7":"

fractional unemployment<\/p>\r\n","opt2":"

fractional unemployment<\/p>\r\n","8":"

seasonal unemployment<\/p>\r\n","opt3":"

seasonal unemployment<\/p>\r\n","9":"

residual unemployment<\/p>\r\n","opt4":"

residual unemployment<\/p>\r\n","10":"

cyclical unemployment<\/p>\r\n","opt5":"

cyclical unemployment<\/p>\r\n","11":"B","ans":"B","12":"1503665791","date_added":"1503665791","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"101","q_id":"101","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Distribution is part of production because it?<\/p>\r\n","question":"

Distribution is part of production because it?<\/p>\r\n","6":"

makes goods and services available to the final consumer<\/p>\r\n","opt1":"

makes goods and services available to the final consumer<\/p>\r\n","7":"

transports the goods from place to place<\/p>\r\n","opt2":"

transports the goods from place to place<\/p>\r\n","8":"

offers employment to people<\/p>\r\n","opt3":"

offers employment to people<\/p>\r\n","9":"

encourages the provision of good roads, waterways and railways<\/p>\r\n","opt4":"

encourages the provision of good roads, waterways and railways<\/p>\r\n","10":"

links the consumers with the producers<\/p>\r\n","opt5":"

links the consumers with the producers<\/p>\r\n","11":"A","ans":"A","12":"1503665849","date_added":"1503665849","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"102","q_id":"102","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The grouping of a population into males and females is known as the?<\/p>\r\n","question":"

The grouping of a population into males and females is known as the?<\/p>\r\n","6":"

geographical distribution<\/p>\r\n","opt1":"

geographical distribution<\/p>\r\n","7":"

age distribution<\/p>\r\n","opt2":"

age distribution<\/p>\r\n","8":"

sex distribution<\/p>\r\n","opt3":"

sex distribution<\/p>\r\n","9":"

man-woman distribution<\/p>\r\n","opt4":"

man-woman distribution<\/p>\r\n","10":"

occupational distribution<\/p>\r\n","opt5":"

occupational distribution<\/p>\r\n","11":"C","ans":"C","12":"1503665907","date_added":"1503665907","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"103","q_id":"103","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following is the most important reason why wages differ among occupations?<\/p>\r\n","question":"

Which of the following is the most important reason why wages differ among occupations?<\/p>\r\n","6":"

Length and cost of training<\/p>\r\n","opt1":"

Length and cost of training<\/p>\r\n","7":"

Supply of labour<\/p>\r\n","opt2":"

Supply of labour<\/p>\r\n","8":"

Attractiveness of the job<\/p>\r\n","opt3":"

Attractiveness of the job<\/p>\r\n","9":"

Influence of trade unions<\/p>\r\n","opt4":"

Influence of trade unions<\/p>\r\n","10":"

Government decision<\/p>\r\n","opt5":"

Government decision<\/p>\r\n","11":"B","ans":"B","12":"1503665974","date_added":"1503665974","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"104","q_id":"104","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

A legal tender is any?<\/p>\r\n","question":"

A legal tender is any?<\/p>\r\n","6":"

form of money<\/p>\r\n","opt1":"

form of money<\/p>\r\n","7":"

means of exchange authorized by the state<\/p>\r\n","opt2":"

means of exchange authorized by the state<\/p>\r\n","8":"

commodity generally acceptable as a medium of exchange<\/p>\r\n","opt3":"

commodity generally acceptable as a medium of exchange<\/p>\r\n","9":"

total productivity of labour<\/p>\r\n","opt4":"

total productivity of labour<\/p>\r\n","10":"

amount of goods and services that the wage can fetch<\/p>\r\n","opt5":"

amount of goods and services that the wage can fetch<\/p>\r\n","11":"C","ans":"C","12":"1503666034","date_added":"1503666034","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"105","q_id":"105","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Wages are to some extent determined by the?<\/p>\r\n","question":"

Wages are to some extent determined by the?<\/p>\r\n","6":"

marginal utility of labour<\/p>\r\n","opt1":"

marginal utility of labour<\/p>\r\n","7":"

marginal productivity of labour<\/p>\r\n","opt2":"

marginal productivity of labour<\/p>\r\n","8":"

average productivity of labour<\/p>\r\n","opt3":"

average productivity of labour<\/p>\r\n","9":"

total productivity of labour<\/p>\r\n","opt4":"

total productivity of labour<\/p>\r\n","10":"

amount of goods and services that the wage can fetch<\/p>\r\n","opt5":"

amount of goods and services that the wage can fetch<\/p>\r\n","11":"B","ans":"B","12":"1503666098","date_added":"1503666098","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"106","q_id":"106","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Inflation in any economy<\/p>\r\n","question":"

Inflation in any economy<\/p>\r\n","6":"

has no monetary connection<\/p>\r\n","opt1":"

has no monetary connection<\/p>\r\n","7":"

implies a sustained decrease in the general price level<\/p>\r\n","opt2":"

implies a sustained decrease in the general price level<\/p>\r\n","8":"

always increases the value of the national currency<\/p>\r\n","opt3":"

always increases the value of the national currency<\/p>\r\n","9":"

tends to redistribute income arbitrarily<\/p>\r\n","opt4":"

tends to redistribute income arbitrarily<\/p>\r\n","10":"

tends to bring down market prices<\/p>\r\n","opt5":"

tends to bring down market prices<\/p>\r\n","11":"D","ans":"D","12":"1503666202","date_added":"1503666202","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"107","q_id":"107","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of these does not encourage industrial development?<\/p>\r\n","question":"

Which of these does not encourage industrial development?<\/p>\r\n","6":"

Tax exemption<\/p>\r\n","opt1":"

Tax exemption<\/p>\r\n","7":"

Provision of financial institutions<\/p>\r\n","opt2":"

Provision of financial institutions<\/p>\r\n","8":"

Provision of infrastructural facilities<\/p>\r\n","opt3":"

Provision of infrastructural facilities<\/p>\r\n","9":"

Limitation of market for industrial products<\/p>\r\n","opt4":"

Limitation of market for industrial products<\/p>\r\n","10":"

Government direct participation<\/p>\r\n\r\n

 <\/p>\r\n","opt5":"

Government direct participation<\/p>\r\n\r\n

 <\/p>\r\n","11":"D","ans":"D","12":"1503666493","date_added":"1503666493","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"108","q_id":"108","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Industry can simply be defined as?<\/p>\r\n","question":"

Industry can simply be defined as?<\/p>\r\n","6":"

many firms producing different products<\/p>\r\n","opt1":"

many firms producing different products<\/p>\r\n","7":"

a firm or firms producing similar goods and services<\/p>\r\n","opt2":"

a firm or firms producing similar goods and services<\/p>\r\n","8":"

different firms are producing different goods<\/p>\r\n","opt3":"

different firms are producing different goods<\/p>\r\n","9":"

different firms producing equal number of similar goods and services<\/p>\r\n","opt4":"

different firms producing equal number of similar goods and services<\/p>\r\n","10":"

many firms producing unidentical goods and services<\/p>\r\n","opt5":"

many firms producing unidentical goods and services<\/p>\r\n","11":"B","ans":"B","12":"1503666568","date_added":"1503666568","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"109","q_id":"109","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The reward of a debenture holder of a public company is a fixed rate of?<\/p>\r\n","question":"

The reward of a debenture holder of a public company is a fixed rate of?<\/p>\r\n","6":"

interest<\/p>\r\n","opt1":"

interest<\/p>\r\n","7":"

return<\/p>\r\n","opt2":"

return<\/p>\r\n","8":"

dividend<\/p>\r\n","opt3":"

dividend<\/p>\r\n","9":"

rent<\/p>\r\n","opt4":"

rent<\/p>\r\n","10":"

allowance<\/p>\r\n","opt5":"

allowance<\/p>\r\n","11":"A","ans":"A","12":"1503666651","date_added":"1503666651","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"110","q_id":"110","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

The downward sloping of the Average Revenue curve of the monopolist indicates that he<\/p>\r\n","question":"

The downward sloping of the Average Revenue curve of the monopolist indicates that he<\/p>\r\n","6":"

can control both output and price<\/p>\r\n","opt1":"

can control both output and price<\/p>\r\n","7":"

can only break-even<\/p>\r\n","opt2":"

can only break-even<\/p>\r\n","8":"

can control either the output or the price, but not both<\/p>\r\n","opt3":"

can control either the output or the price, but not both<\/p>\r\n","9":"

none of the above<\/p>\r\n","opt4":"

none of the above<\/p>\r\n","10":"

exploits the consumers<\/p>\r\n","opt5":"

exploits the consumers<\/p>\r\n","11":"C","ans":"C","12":"1503666811","date_added":"1503666811","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"111","q_id":"111","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1989","year":"1989","5":"

Which of the following hard currencies is usually used in the pricing of oil at the world market particularly by the Organization of Petroleum Exporting Countries (OPEC)? The<\/p>\r\n","question":"

Which of the following hard currencies is usually used in the pricing of oil at the world market particularly by the Organization of Petroleum Exporting Countries (OPEC)? The<\/p>\r\n","6":"

US dollar<\/p>\r\n","opt1":"

US dollar<\/p>\r\n","7":"

Japanese Yen<\/p>\r\n","opt2":"

Japanese Yen<\/p>\r\n","8":"

Pound Sterling<\/p>\r\n","opt3":"

Pound Sterling<\/p>\r\n","9":"

Deutschemark<\/p>\r\n","opt4":"

Deutschemark<\/p>\r\n","10":"

Naira<\/p>\r\n","opt5":"

Naira<\/p>\r\n","11":"A","ans":"A","12":"1503666920","date_added":"1503666920","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1989","year_kept":"1989","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"112","q_id":"112","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Economics can be best defined as the study of?<\/p>\r\n","question":"

Economics can be best defined as the study of?<\/p>\r\n","6":"

how to spend the family income efficiently<\/p>\r\n","opt1":"

how to spend the family income efficiently<\/p>\r\n","7":"

how to find minimum cost of production<\/p>\r\n","opt2":"

how to find minimum cost of production<\/p>\r\n","8":"

the interpretation of scarce resources and date<\/p>\r\n","opt3":"

the interpretation of scarce resources and date<\/p>\r\n","9":"

how scarce resources can be used efficiently<\/p>\r\n","opt4":"

how scarce resources can be used efficiently<\/p>\r\n","10":"

why resources are scarce<\/p>\r\n","opt5":"

why resources are scarce<\/p>\r\n","11":"D","ans":"D","12":"1503667114","date_added":"1503667114","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"113","q_id":"113","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following are resources for holding money instead of investing it? I.Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive<\/p>\r\n","question":"

Which of the following are resources for holding money instead of investing it? I.Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive<\/p>\r\n","6":"

I and II only<\/p>\r\n","opt1":"

I and II only<\/p>\r\n","7":"

I and III only<\/p>\r\n","opt2":"

I and III only<\/p>\r\n","8":"

I and III only<\/p>\r\n","opt3":"

I and III only<\/p>\r\n","9":"

I, II and IV only<\/p>\r\n","opt4":"

I, II and IV only<\/p>\r\n","10":"

II, III and IV only<\/p>\r\n","opt5":"

II, III and IV only<\/p>\r\n","11":"C","ans":"C","12":"1503667215","date_added":"1503667215","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"114","q_id":"114","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

It is generally believed that inflation in West Africa is caused by all the factors listed below except<\/p>\r\n","question":"

It is generally believed that inflation in West Africa is caused by all the factors listed below except<\/p>\r\n","6":"

excessive bank lending<\/p>\r\n","opt1":"

excessive bank lending<\/p>\r\n","7":"

budget deficit<\/p>\r\n","opt2":"

budget deficit<\/p>\r\n","8":"

rising incomes<\/p>\r\n","opt3":"

rising incomes<\/p>\r\n","9":"

shortage in supply<\/p>\r\n","opt4":"

shortage in supply<\/p>\r\n","10":"

decrease in supply<\/p>\r\n","opt5":"

decrease in supply<\/p>\r\n","11":"E","ans":"E","12":"1503667271","date_added":"1503667271","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"115","q_id":"115","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

All the following are specific examples of indirect tax except<\/p>\r\n","question":"

All the following are specific examples of indirect tax except<\/p>\r\n","6":"

purchases tax<\/p>\r\n","opt1":"

purchases tax<\/p>\r\n","7":"

import duty<\/p>\r\n","opt2":"

import duty<\/p>\r\n","8":"

export duty<\/p>\r\n","opt3":"

export duty<\/p>\r\n","9":"

excise duty<\/p>\r\n","opt4":"

excise duty<\/p>\r\n","10":"

poll tax<\/p>\r\n","opt5":"

poll tax<\/p>\r\n","11":"E","ans":"E","12":"1503667327","date_added":"1503667327","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"116","q_id":"116","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Demand in Economics is synonymous with<\/p>\r\n","question":"

Demand in Economics is synonymous with<\/p>\r\n","6":"

needs<\/p>\r\n","opt1":"

needs<\/p>\r\n","7":"

wants of the consumers<\/p>\r\n","opt2":"

wants of the consumers<\/p>\r\n","8":"

all goods demanded in the market<\/p>\r\n","opt3":"

all goods demanded in the market<\/p>\r\n","9":"

wants supported with ability to pay<\/p>\r\n","opt4":"

wants supported with ability to pay<\/p>\r\n","10":"

all consumer goods<\/p>\r\n","opt5":"

all consumer goods<\/p>\r\n","11":"D","ans":"D","12":"1503667375","date_added":"1503667375","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"117","q_id":"117","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

All the following factors will cause a change in demand except?<\/p>\r\n","question":"

All the following factors will cause a change in demand except?<\/p>\r\n","6":"

the consumer's income<\/p>\r\n","opt1":"

the consumer's income<\/p>\r\n","7":"

the consumer's taste<\/p>\r\n","opt2":"

the consumer's taste<\/p>\r\n","8":"

a change in population size<\/p>\r\n","opt3":"

a change in population size<\/p>\r\n","9":"

a change in weather condition<\/p>\r\n","opt4":"

a change in weather condition<\/p>\r\n","10":"

the price of the commodity<\/p>\r\n","opt5":"

the price of the commodity<\/p>\r\n","11":"E","ans":"E","12":"1503667427","date_added":"1503667427","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"118","q_id":"118","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

A rational consumer tends to do all the following except?<\/p>\r\n","question":"

A rational consumer tends to do all the following except?<\/p>\r\n","6":"

buying more at a high price than at a low price<\/p>\r\n","opt1":"

buying more at a high price than at a low price<\/p>\r\n","7":"

buying more at a low price than at a high price<\/p>\r\n","opt2":"

buying more at a low price than at a high price<\/p>\r\n","8":"

buying at utility maximization<\/p>\r\n","opt3":"

buying at utility maximization<\/p>\r\n","9":"

reacting to price changes<\/p>\r\n","opt4":"

reacting to price changes<\/p>\r\n","10":"

complying with the law of demand<\/p>\r\n","opt5":"

complying with the law of demand<\/p>\r\n","11":"A","ans":"A","12":"1503667650","date_added":"1503667650","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"119","q_id":"119","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

A firm that charges different prices for goods or services that have the same technical qualities is called?<\/p>\r\n","question":"

A firm that charges different prices for goods or services that have the same technical qualities is called?<\/p>\r\n","6":"

a perfect competitor<\/p>\r\n","opt1":"

a perfect competitor<\/p>\r\n","7":"

a monopsony<\/p>\r\n","opt2":"

a monopsony<\/p>\r\n","8":"

an oligopoly<\/p>\r\n","opt3":"

an oligopoly<\/p>\r\n","9":"

a discriminating monopoly<\/p>\r\n","opt4":"

a discriminating monopoly<\/p>\r\n","10":"

a duopoly<\/p>\r\n","opt5":"

a duopoly<\/p>\r\n","11":"D","ans":"D","12":"1503667798","date_added":"1503667798","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"120","q_id":"120","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

A perfect market has all the following features except that?<\/p>\r\n","question":"

A perfect market has all the following features except that?<\/p>\r\n","6":"

there are many buyers and few sellers<\/p>\r\n","opt1":"

there are many buyers and few sellers<\/p>\r\n","7":"

the commodities bought and sold are homogeneous<\/p>\r\n","opt2":"

the commodities bought and sold are homogeneous<\/p>\r\n","8":"

there is free entry and exit<\/p>\r\n","opt3":"

there is free entry and exit<\/p>\r\n","9":"

buyers and sellers have perfect knowledge of the market<\/p>\r\n","opt4":"

buyers and sellers have perfect knowledge of the market<\/p>\r\n","10":"

there is only one ruling price<\/p>\r\n","opt5":"

there is only one ruling price<\/p>\r\n","11":"A","ans":"A","12":"1503667884","date_added":"1503667884","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"121","q_id":"121","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The purchasing power of the naira will fall when?<\/p>\r\n","question":"

The purchasing power of the naira will fall when?<\/p>\r\n","6":"

workers are retrenched<\/p>\r\n","opt1":"

workers are retrenched<\/p>\r\n","7":"

the colour of the naira is changed<\/p>\r\n","opt2":"

the colour of the naira is changed<\/p>\r\n","8":"

the government cuts all salaries and wages<\/p>\r\n","opt3":"

the government cuts all salaries and wages<\/p>\r\n","9":"

there is inflation<\/p>\r\n","opt4":"

there is inflation<\/p>\r\n","10":"

the naira is overvalued<\/p>\r\n","opt5":"

the naira is overvalued<\/p>\r\n","11":"D","ans":"D","12":"1503667958","date_added":"1503667958","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"122","q_id":"122","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Time deposit has the same meaning as?<\/p>\r\n","question":"

Time deposit has the same meaning as?<\/p>\r\n","6":"

current account<\/p>\r\n","opt1":"

current account<\/p>\r\n","7":"

demand deposit<\/p>\r\n","opt2":"

demand deposit<\/p>\r\n","8":"

deposit account<\/p>\r\n","opt3":"

deposit account<\/p>\r\n","9":"

bank deposit<\/p>\r\n","opt4":"

bank deposit<\/p>\r\n","10":"

bank rate<\/p>\r\n","opt5":"

bank rate<\/p>\r\n","11":"C","ans":"C","12":"1503668009","date_added":"1503668009","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"123","q_id":"123","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following best explains an inflationary situation at current price level?<\/p>\r\n","question":"

Which of the following best explains an inflationary situation at current price level?<\/p>\r\n","6":"

Demand, Supply<\/p>\r\n","opt1":"

Demand, Supply<\/p>\r\n","7":"

Demand Supply<\/p>\r\n","opt2":"

Demand Supply<\/p>\r\n","8":"

Demand=Supply<\/p>\r\n","opt3":"

Demand=Supply<\/p>\r\n","9":"

Demand\/Supply<\/p>\r\n","opt4":"

Demand\/Supply<\/p>\r\n","10":"

Demand=Zero<\/p>\r\n","opt5":"

Demand=Zero<\/p>\r\n","11":"A","ans":"A","12":"1503668144","date_added":"1503668144","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"124","q_id":"124","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The theory of consumer behaviour is based on all the following assumptions except that the<\/p>\r\n","question":"

The theory of consumer behaviour is based on all the following assumptions except that the<\/p>\r\n","6":"

consumer is assumed irrational<\/p>\r\n","opt1":"

consumer is assumed irrational<\/p>\r\n","7":"

consumer taste remains constant<\/p>\r\n","opt2":"

consumer taste remains constant<\/p>\r\n","8":"

consumer has budget constraint<\/p>\r\n","opt3":"

consumer has budget constraint<\/p>\r\n","9":"

consumer aims at maximizing his utility<\/p>\r\n","opt4":"

consumer aims at maximizing his utility<\/p>\r\n","10":"

consumer is exposed to more than one commodity<\/p>\r\n","opt5":"

consumer is exposed to more than one commodity<\/p>\r\n","11":"A","ans":"A","12":"1503668224","date_added":"1503668224","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"125","q_id":"125","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The Joint Stock Company can be a private company whose minimum membership is?<\/p>\r\n","question":"

The Joint Stock Company can be a private company whose minimum membership is?<\/p>\r\n","6":"

 2<\/p>\r\n","opt1":"

 2<\/p>\r\n","7":"

5<\/p>\r\n","opt2":"

5<\/p>\r\n","8":"

7<\/p>\r\n","opt3":"

7<\/p>\r\n","9":"

10<\/p>\r\n","opt4":"

10<\/p>\r\n","10":"

20<\/p>\r\n","opt5":"

20<\/p>\r\n","11":"A","ans":"A","12":"1503668286","date_added":"1503668286","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"126","q_id":"126","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Limited liability in Economics means that?<\/p>\r\n","question":"

Limited liability in Economics means that?<\/p>\r\n","6":"

a shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested<\/p>\r\n","opt1":"

a shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested<\/p>\r\n","7":"

a shareholder's liability for the debt company is dependent on how much he is owing<\/p>\r\n","opt2":"

a shareholder's liability for the debt company is dependent on how much he is owing<\/p>\r\n","8":"

shareholders cannot be asked to pay for the debts of the company<\/p>\r\n","opt3":"

shareholders cannot be asked to pay for the debts of the company<\/p>\r\n","9":"

shareholders try to ensure that only small proportion of the debt comes to them<\/p>\r\n","opt4":"

shareholders try to ensure that only small proportion of the debt comes to them<\/p>\r\n","10":"

shareholders want all debts paid equally<\/p>\r\n","opt5":"

shareholders want all debts paid equally<\/p>\r\n","11":"A","ans":"A","12":"1503668367","date_added":"1503668367","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"127","q_id":"127","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Regressive tax is not a good tax system because it<\/p>\r\n","question":"

Regressive tax is not a good tax system because it<\/p>\r\n","6":"

is not convenient to pay<\/p>\r\n","opt1":"

is not convenient to pay<\/p>\r\n","7":"

is not certain what to pay<\/p>\r\n","opt2":"

is not certain what to pay<\/p>\r\n","8":"

is not economical to collect<\/p>\r\n","opt3":"

is not economical to collect<\/p>\r\n","9":"

does not ensure equity in payment<\/p>\r\n","opt4":"

does not ensure equity in payment<\/p>\r\n","10":"

is not neutral to price trend<\/p>\r\n","opt5":"

is not neutral to price trend<\/p>\r\n","11":"D","ans":"D","12":"1503668428","date_added":"1503668428","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"128","q_id":"128","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the?<\/p>\r\n","question":"

The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the?<\/p>\r\n","6":"

ECOWAS<\/p>\r\n","opt1":"

ECOWAS<\/p>\r\n","7":"

IMF<\/p>\r\n","opt2":"

IMF<\/p>\r\n","8":"

OPEC<\/p>\r\n","opt3":"

OPEC<\/p>\r\n","9":"

NNPC<\/p>\r\n","opt4":"

NNPC<\/p>\r\n","10":"

ECA<\/p>\r\n","opt5":"

ECA<\/p>\r\n","11":"C","ans":"C","12":"1503668488","date_added":"1503668488","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"129","q_id":"129","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following is not a member of the OPEC?<\/p>\r\n","question":"

Which of the following is not a member of the OPEC?<\/p>\r\n","6":"

Indonesia<\/p>\r\n","opt1":"

Indonesia<\/p>\r\n","7":"

Iran<\/p>\r\n","opt2":"

Iran<\/p>\r\n","8":"

Venezuela<\/p>\r\n","opt3":"

Venezuela<\/p>\r\n","9":"

United Arab Emirates<\/p>\r\n","opt4":"

United Arab Emirates<\/p>\r\n","10":"

Egypt<\/p>\r\n","opt5":"

Egypt<\/p>\r\n","11":"E","ans":"E","12":"1503668561","date_added":"1503668561","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"130","q_id":"130","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following statements is not true of capital income?<\/p>\r\n","question":"

Which of the following statements is not true of capital income?<\/p>\r\n","6":"

It helps in the assessment of standard of living<\/p>\r\n","opt1":"

It helps in the assessment of standard of living<\/p>\r\n","7":"

It is calculated as National Income Population<\/p>\r\n","opt2":"

It is calculated as National Income Population<\/p>\r\n","8":"

It is calculated as Population National income<\/p>\r\n","opt3":"

It is calculated as Population National income<\/p>\r\n","9":"

It is used by the UNQ to assess and assist developing countries<\/p>\r\n","opt4":"

It is used by the UNQ to assess and assist developing countries<\/p>\r\n","10":"

It is used as one of the indicators of economic growth<\/p>\r\n","opt5":"

It is used as one of the indicators of economic growth<\/p>\r\n","11":"B","ans":"B","12":"1503668611","date_added":"1503668611","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"131","q_id":"131","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The notion of short-run and long-run periods is responsible for grouping costs into?<\/p>\r\n","question":"

The notion of short-run and long-run periods is responsible for grouping costs into?<\/p>\r\n","6":"

fixed and variable<\/p>\r\n","opt1":"

fixed and variable<\/p>\r\n","7":"

implicit and explicit<\/p>\r\n","opt2":"

implicit and explicit<\/p>\r\n","8":"

average and total<\/p>\r\n","opt3":"

average and total<\/p>\r\n","9":"

capital and running<\/p>\r\n","opt4":"

capital and running<\/p>\r\n","10":"

money and opportunity<\/p>\r\n","opt5":"

money and opportunity<\/p>\r\n","11":"A","ans":"A","12":"1503668676","date_added":"1503668676","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"132","q_id":"132","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following statements is not true of cheques? They<\/p>\r\n","question":"

Which of the following statements is not true of cheques? They<\/p>\r\n","6":"

provides an alternative to carrying. Large sums of money around<\/p>\r\n","opt1":"

provides an alternative to carrying. Large sums of money around<\/p>\r\n","7":"

can be written out for any amount needed<\/p>\r\n","opt2":"

can be written out for any amount needed<\/p>\r\n","8":"

are legal tender<\/p>\r\n","opt3":"

are legal tender<\/p>\r\n","9":"

provides a form of receipt<\/p>\r\n","opt4":"

provides a form of receipt<\/p>\r\n","10":"

provide a record of payments made<\/p>\r\n","opt5":"

provide a record of payments made<\/p>\r\n","11":"C","ans":"C","12":"1503668787","date_added":"1503668787","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"133","q_id":"133","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The liquidity ratio of a commercial bank refers to the?<\/p>\r\n","question":"

The liquidity ratio of a commercial bank refers to the?<\/p>\r\n","6":"

proportion of the bank*s total assets which should be held in cash and liquid form<\/p>\r\n","opt1":"

proportion of the bank*s total assets which should be held in cash and liquid form<\/p>\r\n","7":"

total amount of cash for the bank's treasury<\/p>\r\n","opt2":"

total amount of cash for the bank's treasury<\/p>\r\n","8":"

total amount of cash for the bank in the central bank<\/p>\r\n","opt3":"

total amount of cash for the bank in the central bank<\/p>\r\n","9":"

proportion of the bank's cash that should be on loan<\/p>\r\n","opt4":"

proportion of the bank's cash that should be on loan<\/p>\r\n","10":"

proportion of the bank's cash and assets that should be kept with other banks<\/p>\r\n","opt5":"

proportion of the bank's cash and assets that should be kept with other banks<\/p>\r\n","11":"A","ans":"A","12":"1503668858","date_added":"1503668858","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"134","q_id":"134","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following are not agents of distribution?<\/p>\r\n","question":"

Which of the following are not agents of distribution?<\/p>\r\n","6":"

Wholesalers<\/p>\r\n","opt1":"

Wholesalers<\/p>\r\n","7":"

Retailers<\/p>\r\n","opt2":"

Retailers<\/p>\r\n","8":"

Consumers<\/p>\r\n","opt3":"

Consumers<\/p>\r\n","9":"

Government agencies<\/p>\r\n","opt4":"

Government agencies<\/p>\r\n","10":"

Cooperative societies<\/p>\r\n","opt5":"

Cooperative societies<\/p>\r\n","11":"C","ans":"C","12":"1503668904","date_added":"1503668904","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"135","q_id":"135","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

One of the greatest demerits of the middlemen in Nigeria. Is that they<\/p>\r\n","question":"

One of the greatest demerits of the middlemen in Nigeria. Is that they<\/p>\r\n","6":"

increase the prices of goods and services at will<\/p>\r\n","opt1":"

increase the prices of goods and services at will<\/p>\r\n","7":"

Sell in small units only<\/p>\r\n","opt2":"

Sell in small units only<\/p>\r\n","8":"

Store goods in warehouses that are not spacious enough<\/p>\r\n","opt3":"

Store goods in warehouses that are not spacious enough<\/p>\r\n","9":"

Sell on credit to retailers only<\/p>\r\n","opt4":"

Sell on credit to retailers only<\/p>\r\n","10":"

Do not advertise their goods<\/p>\r\n","opt5":"

Do not advertise their goods<\/p>\r\n","11":"A","ans":"A","12":"1503668962","date_added":"1503668962","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"136","q_id":"136","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

When a business has unlimited liability<\/p>\r\n","question":"

When a business has unlimited liability<\/p>\r\n","6":"

the owners are not responsible for all its financial debts<\/p>\r\n","opt1":"

the owners are not responsible for all its financial debts<\/p>\r\n","7":"

all its profits can be taxed by the government<\/p>\r\n","opt2":"

all its profits can be taxed by the government<\/p>\r\n","8":"

the owners are responsible for all its financial debts<\/p>\r\n","opt3":"

the owners are responsible for all its financial debts<\/p>\r\n","9":"

all its assets belong to the members of its board of directors<\/p>\r\n","opt4":"

all its assets belong to the members of its board of directors<\/p>\r\n","10":"

it ceases to exist at the death of one of its owners<\/p>\r\n","opt5":"

it ceases to exist at the death of one of its owners<\/p>\r\n","11":"C","ans":"C","12":"1503669023","date_added":"1503669023","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"137","q_id":"137","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

When a country has a large labour force, it is beneficial to use a method of production which is?<\/p>\r\n","question":"

When a country has a large labour force, it is beneficial to use a method of production which is?<\/p>\r\n","6":"

capital intensive<\/p>\r\n","opt1":"

capital intensive<\/p>\r\n","7":"

land intensive<\/p>\r\n","opt2":"

land intensive<\/p>\r\n","8":"

labour intensive<\/p>\r\n","opt3":"

labour intensive<\/p>\r\n","9":"

mechanically intensive<\/p>\r\n","opt4":"

mechanically intensive<\/p>\r\n","10":"

technically intensive<\/p>\r\n","opt5":"

technically intensive<\/p>\r\n","11":"C","ans":"C","12":"1503669086","date_added":"1503669086","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"138","q_id":"138","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following are determinants of the rate of population growth?<\/p>\r\n","question":"

Which of the following are determinants of the rate of population growth?<\/p>\r\n","6":"

Birth rate, immigration and death rate<\/p>\r\n","opt1":"

Birth rate, immigration and death rate<\/p>\r\n","7":"

Birth rate, death rate and emigration<\/p>\r\n","opt2":"

Birth rate, death rate and emigration<\/p>\r\n","8":"

Death rate, birth rate and net migration<\/p>\r\n","opt3":"

Death rate, birth rate and net migration<\/p>\r\n","9":"

Migration, large families and birth rate<\/p>\r\n","opt4":"

Migration, large families and birth rate<\/p>\r\n","10":"

Death rate, migration and mortality rate<\/p>\r\n","opt5":"

Death rate, migration and mortality rate<\/p>\r\n","11":"C","ans":"C","12":"1503669149","date_added":"1503669149","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"139","q_id":"139","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The concentration of industries in one area is referred to as?<\/p>\r\n","question":"

The concentration of industries in one area is referred to as?<\/p>\r\n","6":"

location of industries<\/p>\r\n","opt1":"

location of industries<\/p>\r\n","7":"

multiplication of industries<\/p>\r\n","opt2":"

multiplication of industries<\/p>\r\n","8":"

pluralisation of industries<\/p>\r\n","opt3":"

pluralisation of industries<\/p>\r\n","9":"

proliferation of industries<\/p>\r\n","opt4":"

proliferation of industries<\/p>\r\n","10":"

localization of industries<\/p>\r\n","opt5":"

localization of industries<\/p>\r\n","11":"E","ans":"E","12":"1503669212","date_added":"1503669212","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"140","q_id":"140","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following best describes the budget?<\/p>\r\n","question":"

Which of the following best describes the budget?<\/p>\r\n","6":"

plan of government's needs and expenditure for a year<\/p>\r\n","opt1":"

plan of government's needs and expenditure for a year<\/p>\r\n","7":"

detailed estimate of government financial operation for a year<\/p>\r\n","opt2":"

detailed estimate of government financial operation for a year<\/p>\r\n","8":"

satisfactory balance between income and expenditure for one year<\/p>\r\n","opt3":"

satisfactory balance between income and expenditure for one year<\/p>\r\n","9":"

plan for importation of essential goods and services for one year<\/p>\r\n","opt4":"

plan for importation of essential goods and services for one year<\/p>\r\n","10":"

plan for control of government industries and corporations for one year<\/p>\r\n","opt5":"

plan for control of government industries and corporations for one year<\/p>\r\n","11":"B","ans":"B","12":"1503669303","date_added":"1503669303","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"141","q_id":"141","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Which of the following is not done by the NNPC?<\/p>\r\n","question":"

Which of the following is not done by the NNPC?<\/p>\r\n","6":"

Production of crude oil<\/p>\r\n","opt1":"

Production of crude oil<\/p>\r\n","7":"

Refining of crude oil<\/p>\r\n","opt2":"

Refining of crude oil<\/p>\r\n","8":"

Exploration for crude oil<\/p>\r\n","opt3":"

Exploration for crude oil<\/p>\r\n","9":"

Exploitation of crude oil<\/p>\r\n","opt4":"

Exploitation of crude oil<\/p>\r\n","10":"

Pricing of crude oil<\/p>\r\n","opt5":"

Pricing of crude oil<\/p>\r\n","11":"E","ans":"E","12":"1503669365","date_added":"1503669365","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"142","q_id":"142","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

One major function of the central bank is to<\/p>\r\n","question":"

One major function of the central bank is to<\/p>\r\n","6":"

mint money<\/p>\r\n","opt1":"

mint money<\/p>\r\n","7":"

hold demand deposits and honour cheques<\/p>\r\n","opt2":"

hold demand deposits and honour cheques<\/p>\r\n","8":"

act as a medium Of exchange<\/p>\r\n","opt3":"

act as a medium Of exchange<\/p>\r\n","9":"

create money<\/p>\r\n","opt4":"

create money<\/p>\r\n","10":"

control and regulate money supply<\/p>\r\n","opt5":"

control and regulate money supply<\/p>\r\n","11":"E","ans":"E","12":"1503669465","date_added":"1503669465","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"143","q_id":"143","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Distribution involves the?<\/p>\r\n","question":"

Distribution involves the?<\/p>\r\n","6":"

movement of raw materials to production centres<\/p>\r\n","opt1":"

movement of raw materials to production centres<\/p>\r\n","7":"

transfer of goods and services from one market to another<\/p>\r\n","opt2":"

transfer of goods and services from one market to another<\/p>\r\n","8":"

movement of goods and services by middlemen to urban centres<\/p>\r\n","opt3":"

movement of goods and services by middlemen to urban centres<\/p>\r\n","9":"

transfer of goods arid 'services from wholesalers to consumers<\/p>\r\n","opt4":"

transfer of goods arid 'services from wholesalers to consumers<\/p>\r\n","10":"

transfer of goods and services from production centre to consumers<\/p>\r\n","opt5":"

transfer of goods and services from production centre to consumers<\/p>\r\n","11":"E","ans":"E","12":"1503669533","date_added":"1503669533","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"144","q_id":"144","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Disguised unemployment<\/p>\r\n","question":"

Disguised unemployment<\/p>\r\n","6":"

is a statistical artefact with no economic meaning<\/p>\r\n","opt1":"

is a statistical artefact with no economic meaning<\/p>\r\n","7":"

can be eliminated if the capital output ratio is increased<\/p>\r\n","opt2":"

can be eliminated if the capital output ratio is increased<\/p>\r\n","8":"

can be eliminated if the press is free<\/p>\r\n","opt3":"

can be eliminated if the press is free<\/p>\r\n","9":"

calls for the implementation of five-year plans<\/p>\r\n","opt4":"

calls for the implementation of five-year plans<\/p>\r\n","10":"

exists when manpower is not being utilized efficiently<\/p>\r\n","opt5":"

exists when manpower is not being utilized efficiently<\/p>\r\n","11":"E","ans":"E","12":"1503669590","date_added":"1503669590","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"145","q_id":"145","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The Nigerian economy can best be described as a<\/p>\r\n","question":"

The Nigerian economy can best be described as a<\/p>\r\n","6":"

socialist economy<\/p>\r\n","opt1":"

socialist economy<\/p>\r\n","7":"

capitalist economy<\/p>\r\n","opt2":"

capitalist economy<\/p>\r\n","8":"

mixed economy<\/p>\r\n","opt3":"

mixed economy<\/p>\r\n","9":"

controlled economy<\/p>\r\n","opt4":"

controlled economy<\/p>\r\n","10":"

domestic economy<\/p>\r\n","opt5":"

domestic economy<\/p>\r\n","11":"A","ans":"A","12":"1503669660","date_added":"1503669660","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"146","q_id":"146","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

\"\"<\/p>\r\n\r\n

The table above illustrates the law of?<\/p>\r\n","question":"

\"\"<\/p>\r\n\r\n

The table above illustrates the law of?<\/p>\r\n","6":"

diminishing marginal utility<\/p>\r\n","opt1":"

diminishing marginal utility<\/p>\r\n","7":"

diminishing marginal productivity<\/p>\r\n","opt2":"

diminishing marginal productivity<\/p>\r\n","8":"

diminishing returns<\/p>\r\n","opt3":"

diminishing returns<\/p>\r\n","9":"

Increasing returns<\/p>\r\n","opt4":"

Increasing returns<\/p>\r\n","10":"

increasing productivity<\/p>\r\n","opt5":"

increasing productivity<\/p>\r\n","11":"A","ans":"A","12":"1503670287","date_added":"1503670287","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"147","q_id":"147","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The amount of money to be created by commercial banks is actually influenced by the?<\/p>\r\n","question":"

The amount of money to be created by commercial banks is actually influenced by the?<\/p>\r\n","6":"

legal reserve ratio<\/p>\r\n","opt1":"

legal reserve ratio<\/p>\r\n","7":"

external reserve<\/p>\r\n","opt2":"

external reserve<\/p>\r\n","8":"

external borrowing<\/p>\r\n","opt3":"

external borrowing<\/p>\r\n","9":"

availability of money and capital market<\/p>\r\n","opt4":"

availability of money and capital market<\/p>\r\n","10":"

bank deposits<\/p>\r\n","opt5":"

bank deposits<\/p>\r\n","11":"A","ans":"A","12":"1503670345","date_added":"1503670345","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"148","q_id":"148","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

Another name for the International Bank for Reconstruction and Development (IBRD) is<\/p>\r\n","question":"

Another name for the International Bank for Reconstruction and Development (IBRD) is<\/p>\r\n","6":"

International Monetary Fund<\/p>\r\n","opt1":"

International Monetary Fund<\/p>\r\n","7":"

International Development Bank<\/p>\r\n","opt2":"

International Development Bank<\/p>\r\n","8":"

World Bank<\/p>\r\n","opt3":"

World Bank<\/p>\r\n","9":"

International Bank of Africa<\/p>\r\n","opt4":"

International Bank of Africa<\/p>\r\n","10":"

International Bank for West Africa.<\/p>\r\n\r\n

 <\/p>\r\n","opt5":"

International Bank for West Africa.<\/p>\r\n\r\n

 <\/p>\r\n","11":"C","ans":"C","12":"1503670415","date_added":"1503670415","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"149","q_id":"149","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The headquarters of the Organization of Petroleum Exporting Countries (OPEC) is in?<\/p>\r\n","question":"

The headquarters of the Organization of Petroleum Exporting Countries (OPEC) is in?<\/p>\r\n","6":"

Geneva, Switzerland<\/p>\r\n","opt1":"

Geneva, Switzerland<\/p>\r\n","7":"

Vienna, Austria<\/p>\r\n","opt2":"

Vienna, Austria<\/p>\r\n","8":"

Paris, France<\/p>\r\n","opt3":"

Paris, France<\/p>\r\n","9":"

London, Britain<\/p>\r\n","opt4":"

London, Britain<\/p>\r\n","10":"

New York, USA.<\/p>\r\n","opt5":"

New York, USA.<\/p>\r\n","11":"B","ans":"B","12":"1503670491","date_added":"1503670491","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"150","q_id":"150","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The wholesaler provides all the following services to the manufacturer except<\/p>\r\n","question":"

The wholesaler provides all the following services to the manufacturer except<\/p>\r\n","6":"

warehousing<\/p>\r\n","opt1":"

warehousing<\/p>\r\n","7":"

financing production<\/p>\r\n","opt2":"

financing production<\/p>\r\n","8":"

marketing the product<\/p>\r\n","opt3":"

marketing the product<\/p>\r\n","9":"

granting credit<\/p>\r\n","opt4":"

granting credit<\/p>\r\n","10":"

after-sales services<\/p>\r\n","opt5":"

after-sales services<\/p>\r\n","11":"E","ans":"E","12":"1503670540","date_added":"1503670540","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"151","q_id":"151","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1990","year":"1990","5":"

The country that makes the largest contribution to the TMF is?<\/p>\r\n","question":"

The country that makes the largest contribution to the TMF is?<\/p>\r\n","6":"

The USA<\/p>\r\n","opt1":"

The USA<\/p>\r\n","7":"

Britain<\/p>\r\n","opt2":"

Britain<\/p>\r\n","8":"

West Germany<\/p>\r\n","opt3":"

West Germany<\/p>\r\n","9":"

France<\/p>\r\n","opt4":"

France<\/p>\r\n","10":"

Norway<\/p>\r\n","opt5":"

Norway<\/p>\r\n","11":"A","ans":"A","12":"1503670600","date_added":"1503670600","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1990","year_kept":"1990","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"152","q_id":"152","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

The price system refers to the system by which<\/p>\r\n","question":"

The price system refers to the system by which<\/p>\r\n","6":"

the government controls prices in the economy<\/p>\r\n","opt1":"

the government controls prices in the economy<\/p>\r\n","7":"

prices tend to rise to a general level<\/p>\r\n","opt2":"

prices tend to rise to a general level<\/p>\r\n","8":"

price allocates resources between consumer and producer goods<\/p>\r\n","opt3":"

price allocates resources between consumer and producer goods<\/p>\r\n","9":"

government allocates resources to consumers and producers<\/p>\r\n","opt4":"

government allocates resources to consumers and producers<\/p>\r\n","10":"

the producers fix the price of their products<\/p>\r\n","opt5":"

the producers fix the price of their products<\/p>\r\n","11":"C","ans":"C","12":"1503670746","date_added":"1503670746","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"153","q_id":"153","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Choice is necessary because resources<\/p>\r\n","question":"

Choice is necessary because resources<\/p>\r\n","6":"

are available<\/p>\r\n","opt1":"

are available<\/p>\r\n","7":"

can be found everywhere<\/p>\r\n","opt2":"

can be found everywhere<\/p>\r\n","8":"

 are constant<\/p>\r\n","opt3":"

 are constant<\/p>\r\n","9":"

are scarce<\/p>\r\n","opt4":"

are scarce<\/p>\r\n","10":"

are unlimited<\/p>\r\n","opt5":"

are unlimited<\/p>\r\n","11":"D","ans":"D","12":"1503670808","date_added":"1503670808","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"154","q_id":"154","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Agriculture plays a dominant role in West African economies because<\/p>\r\n","question":"

Agriculture plays a dominant role in West African economies because<\/p>\r\n","6":"

the Green Revolution in Nigeria is agricultural<\/p>\r\n","opt1":"

the Green Revolution in Nigeria is agricultural<\/p>\r\n","7":"

it supplies all the food stuff consumed in Ghana alone<\/p>\r\n","opt2":"

it supplies all the food stuff consumed in Ghana alone<\/p>\r\n","8":"

there are large plantations of cocoa, groundnut and oil palm in West Africa<\/p>\r\n","opt3":"

there are large plantations of cocoa, groundnut and oil palm in West Africa<\/p>\r\n","9":"

it is the main source of revenue in Sierra Leone alone<\/p>\r\n","opt4":"

it is the main source of revenue in Sierra Leone alone<\/p>\r\n","10":"

it employs more that 50% of the total labour force in West Africa<\/p>\r\n","opt5":"

it employs more that 50% of the total labour force in West Africa<\/p>\r\n","11":"E","ans":"E","12":"1503670874","date_added":"1503670874","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"155","q_id":"155","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

The effect of emigration on a country's population, all other things remaining constant is to<\/p>\r\n","question":"

The effect of emigration on a country's population, all other things remaining constant is to<\/p>\r\n","6":"

increase its size<\/p>\r\n","opt1":"

increase its size<\/p>\r\n","7":"

cause overpopulation<\/p>\r\n","opt2":"

cause overpopulation<\/p>\r\n","8":"

increase its growth rate<\/p>\r\n","opt3":"

increase its growth rate<\/p>\r\n","9":"

reduce the proportion of children<\/p>\r\n","opt4":"

reduce the proportion of children<\/p>\r\n","10":"

reduces its size<\/p>\r\n","opt5":"

reduces its size<\/p>\r\n","11":"E","ans":"E","12":"1503670941","date_added":"1503670941","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"156","q_id":"156","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

The monetary system that requires a double coincidence of wants is known as the<\/p>\r\n","question":"

The monetary system that requires a double coincidence of wants is known as the<\/p>\r\n","6":"

gold standard<\/p>\r\n","opt1":"

gold standard<\/p>\r\n","7":"

barter system<\/p>\r\n","opt2":"

barter system<\/p>\r\n","8":"

commodity system<\/p>\r\n","opt3":"

commodity system<\/p>\r\n","9":"

gold exchange standard<\/p>\r\n","opt4":"

gold exchange standard<\/p>\r\n","10":"

cheque system<\/p>\r\n","opt5":"

cheque system<\/p>\r\n","11":"B","ans":"B","12":"1503671000","date_added":"1503671000","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"157","q_id":"157","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

If over a period of time there is more money in the economy than the available goods and services, the economy is likely to experience<\/p>\r\n","question":"

If over a period of time there is more money in the economy than the available goods and services, the economy is likely to experience<\/p>\r\n","6":"

devaluation<\/p>\r\n","opt1":"

devaluation<\/p>\r\n","7":"

inflation<\/p>\r\n","opt2":"

inflation<\/p>\r\n","8":"

deflation<\/p>\r\n","opt3":"

deflation<\/p>\r\n","9":"

demonetization<\/p>\r\n","opt4":"

demonetization<\/p>\r\n","10":"

over-valuation<\/p>\r\n","opt5":"

over-valuation<\/p>\r\n","11":"B","ans":"B","12":"1503671058","date_added":"1503671058","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"158","q_id":"158","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

\"\"<\/p>\r\n\r\n

In the diagram above, the equilibrium price is<\/p>\r\n\r\n

 <\/p>\r\n","question":"

\"\"<\/p>\r\n\r\n

In the diagram above, the equilibrium price is<\/p>\r\n\r\n

 <\/p>\r\n","6":"

OQ\u00e2\u201a\u2019<\/p>\r\n","opt1":"

OQ\u00e2\u201a\u2019<\/p>\r\n","7":"

OQ\u00e2\u201a\u2019   <\/p>\r\n","opt2":"

OQ\u00e2\u201a\u2019   <\/p>\r\n","8":"

P1P0<\/p>\r\n","opt3":"

P1P0<\/p>\r\n","9":"

P0P2<\/p>\r\n","opt4":"

P0P2<\/p>\r\n","10":"

OP0<\/p>\r\n","opt5":"

OP0<\/p>\r\n","11":"E","ans":"E","12":"1503671709","date_added":"1503671709","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"159","q_id":"159","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

\"\"<\/p>\r\n\r\n

In the diagram above, At prise op2<\/p>\r\n","question":"

\"\"<\/p>\r\n\r\n

In the diagram above, At prise op2<\/p>\r\n","6":"

demand exceeds supply<\/p>\r\n","opt1":"

demand exceeds supply<\/p>\r\n","7":"

supply exceeds demand<\/p>\r\n","opt2":"

supply exceeds demand<\/p>\r\n","8":"

demand equal supply<\/p>\r\n","opt3":"

demand equal supply<\/p>\r\n","9":"

OQ2 is the quantity supplied<\/p>\r\n","opt4":"

OQ2 is the quantity supplied<\/p>\r\n","10":"

OQ1 is the quantity demanded<\/p>\r\n","opt5":"

OQ1 is the quantity demanded<\/p>\r\n","11":"A","ans":"A","12":"1503671769","date_added":"1503671769","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"160","q_id":"160","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

The value of money is determined by the<\/p>\r\n","question":"

The value of money is determined by the<\/p>\r\n","6":"

rate of interest<\/p>\r\n","opt1":"

rate of interest<\/p>\r\n","7":"

general price level<\/p>\r\n","opt2":"

general price level<\/p>\r\n","8":"

quantity of money in circulation<\/p>\r\n","opt3":"

quantity of money in circulation<\/p>\r\n","9":"

level economic development<\/p>\r\n","opt4":"

level economic development<\/p>\r\n","10":"

weight of the currency notes and coins<\/p>\r\n","opt5":"

weight of the currency notes and coins<\/p>\r\n","11":"B","ans":"B","12":"1503671819","date_added":"1503671819","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"161","q_id":"161","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Open market operations are the processes by which<\/p>\r\n","question":"

Open market operations are the processes by which<\/p>\r\n","6":"

the Central Quantity Bank purchases and sells securities<\/p>\r\n","opt1":"

the Central Quantity Bank purchases and sells securities<\/p>\r\n","7":"

commercial banks purchase and sell securities<\/p>\r\n","opt2":"

commercial banks purchase and sell securities<\/p>\r\n","8":"

business firms buy raw materials freely<\/p>\r\n","opt3":"

business firms buy raw materials freely<\/p>\r\n","9":"

households buy consumer goods openly<\/p>\r\n","opt4":"

households buy consumer goods openly<\/p>\r\n","10":"

the money market takes over the function of the Central Bank.<\/p>\r\n","opt5":"

the money market takes over the function of the Central Bank.<\/p>\r\n","11":"A","ans":"A","12":"1503671882","date_added":"1503671882","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"162","q_id":"162","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Devaluation means<\/p>\r\n","question":"

Devaluation means<\/p>\r\n","6":"

a reduction in the value of the national currency<\/p>\r\n","opt1":"

a reduction in the value of the national currency<\/p>\r\n","7":"

a reduction in the purchasing power of foreign currencies<\/p>\r\n","opt2":"

a reduction in the purchasing power of foreign currencies<\/p>\r\n","8":"

a reduction in the value of domestic currency relative to foreign currencies<\/p>\r\n","opt3":"

a reduction in the value of domestic currency relative to foreign currencies<\/p>\r\n","9":"

an increase in the value of the national currency<\/p>\r\n","opt4":"

an increase in the value of the national currency<\/p>\r\n","10":"

a decrease in the purchasing power of foreign currencies<\/p>\r\n","opt5":"

a decrease in the purchasing power of foreign currencies<\/p>\r\n","11":"C","ans":"C","12":"1503671947","date_added":"1503671947","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"163","q_id":"163","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

a decrease in the purchasing power of foreign currencies<\/p>\r\n","question":"

a decrease in the purchasing power of foreign currencies<\/p>\r\n","6":"

a decrease in the purchasing power of foreign currencies<\/p>\r\n","opt1":"

a decrease in the purchasing power of foreign currencies<\/p>\r\n","7":"

an overall deficit or surplus in her current account and capital account<\/p>\r\n","opt2":"

an overall deficit or surplus in her current account and capital account<\/p>\r\n","8":"

that her capital inflow exceeds her capital outflow<\/p>\r\n","opt3":"

that her capital inflow exceeds her capital outflow<\/p>\r\n","9":"

an overall deficit in its trade balance with other countries<\/p>\r\n","opt4":"

an overall deficit in its trade balance with other countries<\/p>\r\n","10":"

that its export earnings exceed the cost of its imports<\/p>\r\n","opt5":"

that its export earnings exceed the cost of its imports<\/p>\r\n","11":"B","ans":"B","12":"1503672003","date_added":"1503672003","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"164","q_id":"164","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following functions do retailers perform in an economy?<\/p>\r\n","question":"

Which of the following functions do retailers perform in an economy?<\/p>\r\n","6":"

Production<\/p>\r\n","opt1":"

Production<\/p>\r\n","7":"

Exchange<\/p>\r\n","opt2":"

Exchange<\/p>\r\n","8":"

Hoarding<\/p>\r\n","opt3":"

Hoarding<\/p>\r\n","9":"

Distribution<\/p>\r\n","opt4":"

Distribution<\/p>\r\n","10":"

Investment<\/p>\r\n","opt5":"

Investment<\/p>\r\n","11":"D","ans":"D","12":"1503672051","date_added":"1503672051","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"165","q_id":"165","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

A movement along the demand curve for some goods may be caused by a change in<\/p>\r\n","question":"

A movement along the demand curve for some goods may be caused by a change in<\/p>\r\n","6":"

consumer income<\/p>\r\n","opt1":"

consumer income<\/p>\r\n","7":"

the price of goods<\/p>\r\n","opt2":"

the price of goods<\/p>\r\n","8":"

consumer taste<\/p>\r\n","opt3":"

consumer taste<\/p>\r\n","9":"

the price of other goods<\/p>\r\n","opt4":"

the price of other goods<\/p>\r\n","10":"

population<\/p>\r\n","opt5":"

population<\/p>\r\n","11":"B","ans":"B","12":"1503672106","date_added":"1503672106","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"166","q_id":"166","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following items is not included in measuring national income by the income approach?<\/p>\r\n","question":"

Which of the following items is not included in measuring national income by the income approach?<\/p>\r\n","6":"

Wages and salaries of public servants<\/p>\r\n","opt1":"

Wages and salaries of public servants<\/p>\r\n","7":"

Student's grants and scholarships<\/p>\r\n","opt2":"

Student's grants and scholarships<\/p>\r\n","8":"

Profits of companies<\/p>\r\n","opt3":"

Profits of companies<\/p>\r\n","9":"

Income earned by self-employed persons such as lawyer<\/p>\r\n","opt4":"

Income earned by self-employed persons such as lawyer<\/p>\r\n","10":"

Rents on property<\/p>\r\n","opt5":"

Rents on property<\/p>\r\n","11":"B","ans":"B","12":"1503672163","date_added":"1503672163","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"167","q_id":"167","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

If an economy is growing at an annual rate of 7% and 4\/0 of it is known to be due to the improvement in labour and capital combined, the balance of 3% is usually attributed to<\/p>\r\n","question":"

If an economy is growing at an annual rate of 7% and 4\/0 of it is known to be due to the improvement in labour and capital combined, the balance of 3% is usually attributed to<\/p>\r\n","6":"

land and entrepreneur<\/p>\r\n","opt1":"

land and entrepreneur<\/p>\r\n","7":"

abundance of natural resources<\/p>\r\n","opt2":"

abundance of natural resources<\/p>\r\n","8":"

level of human capital<\/p>\r\n","opt3":"

level of human capital<\/p>\r\n","9":"

technical progress and related factors<\/p>\r\n","opt4":"

technical progress and related factors<\/p>\r\n","10":"

discipline in political leadership<\/p>\r\n","opt5":"

discipline in political leadership<\/p>\r\n","11":"C","ans":"C","12":"1503672249","date_added":"1503672249","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"168","q_id":"168","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

A government treasury bill is a form of debt instrument which falls due for repayment after<\/p>\r\n","question":"

A government treasury bill is a form of debt instrument which falls due for repayment after<\/p>\r\n","6":"

3 months<\/p>\r\n","opt1":"

3 months<\/p>\r\n","7":"

9 months<\/p>\r\n","opt2":"

9 months<\/p>\r\n","8":"

2 years<\/p>\r\n","opt3":"

2 years<\/p>\r\n","9":"

10 or more years<\/p>\r\n","opt4":"

10 or more years<\/p>\r\n","10":"

none of the above<\/p>\r\n","opt5":"

none of the above<\/p>\r\n","11":"A","ans":"A","12":"1503672322","date_added":"1503672322","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"169","q_id":"169","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following is not regarded as money in Economics<\/p>\r\n","question":"

Which of the following is not regarded as money in Economics<\/p>\r\n","6":"

coins<\/p>\r\n","opt1":"

coins<\/p>\r\n","7":"

currency notes<\/p>\r\n","opt2":"

currency notes<\/p>\r\n","8":"

bank deposites<\/p>\r\n","opt3":"

bank deposites<\/p>\r\n","9":"

cheque<\/p>\r\n","opt4":"

cheque<\/p>\r\n","10":"

Naira and kobo<\/p>\r\n","opt5":"

Naira and kobo<\/p>\r\n","11":"D","ans":"D","12":"1503672555","date_added":"1503672555","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"170","q_id":"170","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Public expenditure creates expansionary effects in the economy when it is<\/p>\r\n","question":"

Public expenditure creates expansionary effects in the economy when it is<\/p>\r\n","6":"

in excess of government revenue<\/p>\r\n","opt1":"

in excess of government revenue<\/p>\r\n","7":"

channelled into the provision of consumer goods<\/p>\r\n","opt2":"

channelled into the provision of consumer goods<\/p>\r\n","8":"

diverted to the importation of luxury goods<\/p>\r\n","opt3":"

diverted to the importation of luxury goods<\/p>\r\n","9":"

financed through oil revenue<\/p>\r\n","opt4":"

financed through oil revenue<\/p>\r\n","10":"

financed completely through part of the year's total tax collected<\/p>\r\n","opt5":"

financed completely through part of the year's total tax collected<\/p>\r\n","11":"A","ans":"A","12":"1503672619","date_added":"1503672619","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"171","q_id":"171","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following is not a reason why people migrate from one place to another?<\/p>\r\n","question":"

Which of the following is not a reason why people migrate from one place to another?<\/p>\r\n","6":"

To d improve their standard of living<\/p>\r\n","opt1":"

To d improve their standard of living<\/p>\r\n","7":"

To live in a more suitable climate<\/p>\r\n","opt2":"

To live in a more suitable climate<\/p>\r\n","8":"

For the sake of change and adventure<\/p>\r\n","opt3":"

For the sake of change and adventure<\/p>\r\n","9":"

To escape-from a religious, political or social situation in a country<\/p>\r\n","opt4":"

To escape-from a religious, political or social situation in a country<\/p>\r\n","10":"

To buy foreign goods for sale in their country<\/p>\r\n","opt5":"

To buy foreign goods for sale in their country<\/p>\r\n","11":"E","ans":"E","12":"1503672691","date_added":"1503672691","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"172","q_id":"172","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

A major function of middlemen in Nigeria is the distribution of<\/p>\r\n","question":"

A major function of middlemen in Nigeria is the distribution of<\/p>\r\n","6":"

commodities to all consumers regardless of income<\/p>\r\n","opt1":"

commodities to all consumers regardless of income<\/p>\r\n","7":"

commodities to consuming centres<\/p>\r\n","opt2":"

commodities to consuming centres<\/p>\r\n","8":"

economic welfare facilities to all<\/p>\r\n","opt3":"

economic welfare facilities to all<\/p>\r\n","9":"

wealth to all<\/p>\r\n","opt4":"

wealth to all<\/p>\r\n","10":"

income within the society<\/p>\r\n","opt5":"

income within the society<\/p>\r\n","11":"B","ans":"B","12":"1503672748","date_added":"1503672748","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"173","q_id":"173","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

International trade is necessary mainly because<\/p>\r\n","question":"

International trade is necessary mainly because<\/p>\r\n","6":"

no country can live in economic isolation<\/p>\r\n","opt1":"

no country can live in economic isolation<\/p>\r\n","7":"

different countries are endowed with the same natural and man-made resources<\/p>\r\n","opt2":"

different countries are endowed with the same natural and man-made resources<\/p>\r\n","8":"

some countries have comparative cost advantage in the production of certain commodities<\/p>\r\n","opt3":"

some countries have comparative cost advantage in the production of certain commodities<\/p>\r\n","9":"

the world demand for and supply of various categories of commodities is expanding very fast<\/p>\r\n","opt4":"

the world demand for and supply of various categories of commodities is expanding very fast<\/p>\r\n","10":"

countries want to build up their foreign exchange reserves<\/p>\r\n","opt5":"

countries want to build up their foreign exchange reserves<\/p>\r\n","11":"C","ans":"C","12":"1503672820","date_added":"1503672820","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"174","q_id":"174","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following is the approximate working age in Nigeria?<\/p>\r\n","question":"

Which of the following is the approximate working age in Nigeria?<\/p>\r\n","6":"

1-15<\/p>\r\n","opt1":"

1-15<\/p>\r\n","7":"

15-65<\/p>\r\n","opt2":"

15-65<\/p>\r\n","8":"

30-40<\/p>\r\n","opt3":"

30-40<\/p>\r\n","9":"

40-65<\/p>\r\n","opt4":"

40-65<\/p>\r\n","10":"

65 and above<\/p>\r\n","opt5":"

65 and above<\/p>\r\n","11":"B","ans":"B","12":"1503672871","date_added":"1503672871","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"175","q_id":"175","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Dumping in Economics means the selling of goods in a foreign market<\/p>\r\n","question":"

Dumping in Economics means the selling of goods in a foreign market<\/p>\r\n","6":"

at a price below that received in the home market<\/p>\r\n","opt1":"

at a price below that received in the home market<\/p>\r\n","7":"

at a price above that received in the home market.<\/p>\r\n","opt2":"

at a price above that received in the home market.<\/p>\r\n","8":"

at a price equal to the cost price in the home market<\/p>\r\n","opt3":"

at a price equal to the cost price in the home market<\/p>\r\n","9":"

in order to encourage indigenous producers<\/p>\r\n","opt4":"

in order to encourage indigenous producers<\/p>\r\n","10":"

at a price equal to the selling price in the home market<\/p>\r\n","opt5":"

at a price equal to the selling price in the home market<\/p>\r\n","11":"A","ans":"A","12":"1503672921","date_added":"1503672921","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"176","q_id":"176","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

A shift of the demand curve to the right when the supply curve remains constant, implies that<\/p>\r\n","question":"

A shift of the demand curve to the right when the supply curve remains constant, implies that<\/p>\r\n","6":"

both price and quantity demanded will increase<\/p>\r\n","opt1":"

both price and quantity demanded will increase<\/p>\r\n","7":"

only price increases<\/p>\r\n","opt2":"

only price increases<\/p>\r\n","8":"

both price and quantity demanded will decrease<\/p>\r\n","opt3":"

both price and quantity demanded will decrease<\/p>\r\n","9":"

the price remains constant<\/p>\r\n","opt4":"

the price remains constant<\/p>\r\n","10":"

The price falls<\/p>\r\n","opt5":"

The price falls<\/p>\r\n","11":"A","ans":"A","12":"1503672981","date_added":"1503672981","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"177","q_id":"177","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

The natural growth rate of a population is the<\/p>\r\n","question":"

The natural growth rate of a population is the<\/p>\r\n","6":"

sum of the birth rate and the death rate<\/p>\r\n","opt1":"

sum of the birth rate and the death rate<\/p>\r\n","7":"

sum of the birth rate and the net immigration rate<\/p>\r\n","opt2":"

sum of the birth rate and the net immigration rate<\/p>\r\n","8":"

birth rate minus the death rate<\/p>\r\n","opt3":"

birth rate minus the death rate<\/p>\r\n","9":"

birth rate divided by the net immigration<\/p>\r\n","opt4":"

birth rate divided by the net immigration<\/p>\r\n","10":"

death rate minus the net immigration<\/p>\r\n","opt5":"

death rate minus the net immigration<\/p>\r\n","11":"C","ans":"C","12":"1503673037","date_added":"1503673037","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"178","q_id":"178","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Use the following market schedule for semovita to answer Questions 27 and 28.
\r\nPrice for Quantity demanded Quantity supplied<\/p>\r\n\r\n

\"\"<\/p>\r\n\r\n

What is the equilibrium price?<\/p>\r\n","question":"

Use the following market schedule for semovita to answer Questions 27 and 28.
\r\nPrice for Quantity demanded Quantity supplied<\/p>\r\n\r\n

\"\"<\/p>\r\n\r\n

What is the equilibrium price?<\/p>\r\n","6":"

N5.00<\/p>\r\n","opt1":"

N5.00<\/p>\r\n","7":"

N6.00<\/p>\r\n","opt2":"

N6.00<\/p>\r\n","8":"

N7.00<\/p>\r\n","opt3":"

N7.00<\/p>\r\n","9":"

N8.00<\/p>\r\n","opt4":"

N8.00<\/p>\r\n","10":"

N9.00<\/p>\r\n","opt5":"

N9.00<\/p>\r\n","11":"B","ans":"B","12":"1503673408","date_added":"1503673408","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"179","q_id":"179","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

If the equilibrium price falls by N2.00, what. will be the change in quantity demanded and supplied?<\/p>\r\n","question":"

If the equilibrium price falls by N2.00, what. will be the change in quantity demanded and supplied?<\/p>\r\n","6":"

7,000 and 6,000 bags respectively<\/p>\r\n","opt1":"

7,000 and 6,000 bags respectively<\/p>\r\n","7":"

6,000 and 4,000 bags respectively<\/p>\r\n","opt2":"

6,000 and 4,000 bags respectively<\/p>\r\n","8":"

5,000 and 4,500 bags respectively<\/p>\r\n","opt3":"

5,000 and 4,500 bags respectively<\/p>\r\n","9":"

3,000 and 3,000 bags respectively<\/p>\r\n","opt4":"

3,000 and 3,000 bags respectively<\/p>\r\n","10":"

2,000 and 2,000 bags respectively<\/p>\r\n","opt5":"

2,000 and 2,000 bags respectively<\/p>\r\n","11":"B","ans":"B","12":"1503673509","date_added":"1503673509","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"180","q_id":"180","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

In the event of a limited liability company going into liquidation, each shareholder<\/p>\r\n","question":"

In the event of a limited liability company going into liquidation, each shareholder<\/p>\r\n","6":"

may lose a maximum of the amount he has invested<\/p>\r\n","opt1":"

may lose a maximum of the amount he has invested<\/p>\r\n","7":"

loses nothing<\/p>\r\n","opt2":"

loses nothing<\/p>\r\n","8":"

loses everything including his house<\/p>\r\n","opt3":"

loses everything including his house<\/p>\r\n","9":"

may have an unlimited liability<\/p>\r\n","opt4":"

may have an unlimited liability<\/p>\r\n","10":"

will lose the amount he has invested plus a proportion of his bank account<\/p>\r\n","opt5":"

will lose the amount he has invested plus a proportion of his bank account<\/p>\r\n","11":"A","ans":"A","12":"1503674258","date_added":"1503674258","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"181","q_id":"181","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

The diagram shows that<\/p>\r\n\r\n

\"\"<\/p>\r\n","question":"

The diagram shows that<\/p>\r\n\r\n

\"\"<\/p>\r\n","6":"

supply is infinitely elastic<\/p>\r\n","opt1":"

supply is infinitely elastic<\/p>\r\n","7":"

the higher the price, the greater The quantity supplied<\/p>\r\n","opt2":"

the higher the price, the greater The quantity supplied<\/p>\r\n","8":"

the higher the price, the lower the quantity supplied<\/p>\r\n","opt3":"

the higher the price, the lower the quantity supplied<\/p>\r\n","9":"

 <\/span>supply has a unitary elasticity<\/p>\r\n","opt4":"

 <\/span>supply has a unitary elasticity<\/p>\r\n","10":"

demand of labour is completely inelastic<\/p>\r\n","opt5":"

demand of labour is completely inelastic<\/p>\r\n","11":"A","ans":"A","12":"1503674853","date_added":"1503674853","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"182","q_id":"182","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Division of labour is greatly limited by<\/p>\r\n","question":"

Division of labour is greatly limited by<\/p>\r\n","6":"

its resultant monotony of work<\/p>\r\n","opt1":"

its resultant monotony of work<\/p>\r\n","7":"

its associated decline in craftsmanship<\/p>\r\n","opt2":"

its associated decline in craftsmanship<\/p>\r\n","8":"

its attendant risk of unemployment<\/p>\r\n","opt3":"

its attendant risk of unemployment<\/p>\r\n","9":"

the extent of the market<\/p>\r\n","opt4":"

the extent of the market<\/p>\r\n","10":"

the boredom it creates.<\/p>\r\n","opt5":"

the boredom it creates.<\/p>\r\n","11":"D","ans":"D","12":"1503674912","date_added":"1503674912","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"183","q_id":"183","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following are direct taxes?<\/p>\r\n","question":"

Which of the following are direct taxes?<\/p>\r\n","6":"

Sales taxes<\/p>\r\n","opt1":"

Sales taxes<\/p>\r\n","7":"

Excise duties<\/p>\r\n","opt2":"

Excise duties<\/p>\r\n","8":"

income and company taxes<\/p>\r\n","opt3":"

income and company taxes<\/p>\r\n","9":"

Tariff duties<\/p>\r\n","opt4":"

Tariff duties<\/p>\r\n","10":"

Commodity taxes<\/p>\r\n","opt5":"

Commodity taxes<\/p>\r\n","11":"C","ans":"C","12":"1503674972","date_added":"1503674972","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"184","q_id":"184","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following is a function of money? It is<\/p>\r\n","question":"

Which of the following is a function of money? It is<\/p>\r\n","6":"

portable<\/p>\r\n","opt1":"

portable<\/p>\r\n","7":"

a standard of deferred payment<\/p>\r\n","opt2":"

a standard of deferred payment<\/p>\r\n","8":"

relatively table in value<\/p>\r\n","opt3":"

relatively table in value<\/p>\r\n","9":"

generally acceptable<\/p>\r\n","opt4":"

generally acceptable<\/p>\r\n","10":"

an easily divisible item<\/p>\r\n","opt5":"

an easily divisible item<\/p>\r\n","11":"B","ans":"B","12":"1503675298","date_added":"1503675298","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"185","q_id":"185","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

The productivity of labour does not depend only on its own effort and efficiency, but also on I. the level of technical knowledge II. the quality of other factors III. racial qualities which allow persons from certain races to have goods physique and be very active. Which of the above statemeSSnts is\/are correct?<\/p>\r\n","question":"

The productivity of labour does not depend only on its own effort and efficiency, but also on I. the level of technical knowledge II. the quality of other factors III. racial qualities which allow persons from certain races to have goods physique and be very active. Which of the above statemeSSnts is\/are correct?<\/p>\r\n","6":"

I only<\/p>\r\n","opt1":"

I only<\/p>\r\n","7":"

I and II only<\/p>\r\n","opt2":"

I and II only<\/p>\r\n","8":"

I and III only<\/p>\r\n","opt3":"

I and III only<\/p>\r\n","9":"

II an  III only<\/p>\r\n","opt4":"

II an  III only<\/p>\r\n","10":"

III only<\/p>\r\n","opt5":"

III only<\/p>\r\n","11":"B","ans":"B","12":"1503675443","date_added":"1503675443","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"186","q_id":"186","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

A tax is said to be good when<\/p>\r\n","question":"

A tax is said to be good when<\/p>\r\n","6":"

it yields more revenue to the state at the expense of the people's ability to pay<\/p>\r\n","opt1":"

it yields more revenue to the state at the expense of the people's ability to pay<\/p>\r\n","7":"

the cost of collecting it is equal to the revenue it generates<\/p>\r\n","opt2":"

the cost of collecting it is equal to the revenue it generates<\/p>\r\n","8":"

it is imposed so suddenly that no one can dodge its payment<\/p>\r\n","opt3":"

it is imposed so suddenly that no one can dodge its payment<\/p>\r\n","9":"

its payment causes minimum inconvenience to the tax payer<\/p>\r\n","opt4":"

its payment causes minimum inconvenience to the tax payer<\/p>\r\n","10":"

it induces workers to prefer more leisure to extra work<\/p>\r\n","opt5":"

it induces workers to prefer more leisure to extra work<\/p>\r\n","11":"D","ans":"D","12":"1503675574","date_added":"1503675574","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"187","q_id":"187","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following is a public corporation?<\/p>\r\n","question":"

Which of the following is a public corporation?<\/p>\r\n","6":"

Roads (NIgeriaI Plc<\/p>\r\n","opt1":"

Roads (NIgeriaI Plc<\/p>\r\n","7":"

National Oil and Chemical Marketing Co. Plc<\/p>\r\n","opt2":"

National Oil and Chemical Marketing Co. Plc<\/p>\r\n","8":"

Union Bank of Nigeria Plc<\/p>\r\n","opt3":"

Union Bank of Nigeria Plc<\/p>\r\n","9":"

Volkswagen of Nigeria Plc.<\/p>\r\n","opt4":"

Volkswagen of Nigeria Plc.<\/p>\r\n","10":"

National Electric Power Authority<\/p>\r\n","opt5":"

National Electric Power Authority<\/p>\r\n","11":"E","ans":"E","12":"1503675644","date_added":"1503675644","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"188","q_id":"188","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

In a sole proprietorship decisions are made by the<\/p>\r\n","question":"

In a sole proprietorship decisions are made by the<\/p>\r\n","6":"

government<\/p>\r\n","opt1":"

government<\/p>\r\n","7":"

owner<\/p>\r\n","opt2":"

owner<\/p>\r\n","8":"

shareholders' conference<\/p>\r\n","opt3":"

shareholders' conference<\/p>\r\n","9":"

management<\/p>\r\n","opt4":"

management<\/p>\r\n","10":"

board of directors<\/p>\r\n","opt5":"

board of directors<\/p>\r\n","11":"B","ans":"B","12":"1503675688","date_added":"1503675688","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"189","q_id":"189","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following statements is not true in an inflationary period?<\/p>\r\n","question":"

Which of the following statements is not true in an inflationary period?<\/p>\r\n","6":"

The purchasing power of money diminishes<\/p>\r\n","opt1":"

The purchasing power of money diminishes<\/p>\r\n","7":"

Wages rise simultaneously with prices<\/p>\r\n","opt2":"

Wages rise simultaneously with prices<\/p>\r\n","8":"

More money runs after a limited quantity of goods<\/p>\r\n","opt3":"

More money runs after a limited quantity of goods<\/p>\r\n","9":"

Fixed income earners lose<\/p>\r\n","opt4":"

Fixed income earners lose<\/p>\r\n","10":"

Aggregate real demand exceeds aggregate real supply.<\/p>\r\n\r\n

 <\/p>\r\n","opt5":"

Aggregate real demand exceeds aggregate real supply.<\/p>\r\n\r\n

 <\/p>\r\n","11":"B","ans":"B","12":"1503675745","date_added":"1503675745","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"190","q_id":"190","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Palm oil industry is located in Bendel State because the state<\/p>\r\n","question":"

Palm oil industry is located in Bendel State because the state<\/p>\r\n","6":"

imports raw materials for the industry<\/p>\r\n","opt1":"

imports raw materials for the industry<\/p>\r\n","7":"

has a poor soil which is unsuitable for other crops<\/p>\r\n","opt2":"

has a poor soil which is unsuitable for other crops<\/p>\r\n","8":"

is a palm-tree growing area<\/p>\r\n","opt3":"

is a palm-tree growing area<\/p>\r\n","9":"

government does not engage in the growing of other crops<\/p>\r\n","opt4":"

government does not engage in the growing of other crops<\/p>\r\n","10":"

has the highest demand for palm oil in Nigeria<\/p>\r\n","opt5":"

has the highest demand for palm oil in Nigeria<\/p>\r\n","11":"C","ans":"C","12":"1503675795","date_added":"1503675795","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"191","q_id":"191","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1991","year":"1991","5":"

Which of the following is not an argument for locating industries in rural areas?<\/p>\r\n","question":"

Which of the following is not an argument for locating industries in rural areas?<\/p>\r\n","6":"

Rural areas supply agricultural raw materials<\/p>\r\n","opt1":"

Rural areas supply agricultural raw materials<\/p>\r\n","7":"

The pace of development of rural areas will be quickened<\/p>\r\n","opt2":"

The pace of development of rural areas will be quickened<\/p>\r\n","8":"

Employment will be provided for rural inhabitants<\/p>\r\n","opt3":"

Employment will be provided for rural inhabitants<\/p>\r\n","9":"

capital is easily available in rural areas<\/p>\r\n","opt4":"

capital is easily available in rural areas<\/p>\r\n","10":"

Rural-urban migration will decrease<\/p>\r\n","opt5":"

Rural-urban migration will decrease<\/p>\r\n","11":"D","ans":"D","12":"1503675853","date_added":"1503675853","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1991","year_kept":"1991","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"192","q_id":"192","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Economics is a social science because it<\/p>\r\n","question":"

Economics is a social science because it<\/p>\r\n","6":"

deals with an aspect of human behaviour<\/p>\r\n","opt1":"

deals with an aspect of human behaviour<\/p>\r\n","7":"

provides people with the commodities they want<\/p>\r\n","opt2":"

provides people with the commodities they want<\/p>\r\n","8":"

deals with limited resources which have alternative uses<\/p>\r\n","opt3":"

deals with limited resources which have alternative uses<\/p>\r\n","9":"

deals with the production of goods for present and future consumption<\/p>\r\n","opt4":"

deals with the production of goods for present and future consumption<\/p>\r\n","10":"

is related to how choice is made<\/p>\r\n","opt5":"

is related to how choice is made<\/p>\r\n","11":"A","ans":"A","12":"1503915439","date_added":"1503915439","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"193","q_id":"193","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Scarcity in Economics generally refers to<\/p>\r\n","question":"

Scarcity in Economics generally refers to<\/p>\r\n","6":"

a period of production<\/p>\r\n","opt1":"

a period of production<\/p>\r\n","7":"

hoarding of goods<\/p>\r\n","opt2":"

hoarding of goods<\/p>\r\n","8":"

monopolization of existing supply of resources<\/p>\r\n","opt3":"

monopolization of existing supply of resources<\/p>\r\n","9":"

period of famine<\/p>\r\n","opt4":"

period of famine<\/p>\r\n","10":"

resources being limited<\/p>\r\n","opt5":"

resources being limited<\/p>\r\n","11":"E","ans":"E","12":"1503915487","date_added":"1503915487","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"194","q_id":"194","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Opportunity cost is defined as the<\/p>\r\n","question":"

Opportunity cost is defined as the<\/p>\r\n","6":"

money cost<\/p>\r\n","opt1":"

money cost<\/p>\r\n","7":"

cost of production<\/p>\r\n","opt2":"

cost of production<\/p>\r\n","8":"

real cost<\/p>\r\n","opt3":"

real cost<\/p>\r\n","9":"

variable cost<\/p>\r\n","opt4":"

variable cost<\/p>\r\n","10":"

fixed cost<\/p>\r\n","opt5":"

fixed cost<\/p>\r\n","11":"C","ans":"C","12":"1503915560","date_added":"1503915560","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"195","q_id":"195","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

The most basic concern of economists is to<\/p>\r\n","question":"

The most basic concern of economists is to<\/p>\r\n","6":"

create human wants<\/p>\r\n","opt1":"

create human wants<\/p>\r\n","7":"

satisfy all human wants<\/p>\r\n","opt2":"

satisfy all human wants<\/p>\r\n","8":"

redistribute income so that it is used correctly<\/p>\r\n","opt3":"

redistribute income so that it is used correctly<\/p>\r\n","9":"

create perfect competition<\/p>\r\n","opt4":"

create perfect competition<\/p>\r\n","10":"

allocate scarce resources to satisfy human wants<\/p>\r\n","opt5":"

allocate scarce resources to satisfy human wants<\/p>\r\n","11":"E","ans":"E","12":"1503915646","date_added":"1503915646","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"196","q_id":"196","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

The equilibrium price of oranges is 50k. If for some reasons, the price rises to 60k, there will be<\/p>\r\n","question":"

The equilibrium price of oranges is 50k. If for some reasons, the price rises to 60k, there will be<\/p>\r\n","6":"

excess demand<\/p>\r\n","opt1":"

excess demand<\/p>\r\n","7":"

excess supply<\/p>\r\n","opt2":"

excess supply<\/p>\r\n","8":"

shortage in the market<\/p>\r\n","opt3":"

shortage in the market<\/p>\r\n","9":"

 many buyers in the market<\/p>\r\n","opt4":"

 many buyers in the market<\/p>\r\n","10":"

no buyer in the market<\/p>\r\n","opt5":"

no buyer in the market<\/p>\r\n","11":"B","ans":"B","12":"1503915743","date_added":"1503915743","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"197","q_id":"197","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

In Economics production is complete when<\/p>\r\n","question":"

In Economics production is complete when<\/p>\r\n","6":"

goods are produced in the factories<\/p>\r\n","opt1":"

goods are produced in the factories<\/p>\r\n","7":"

goods are sold to wholesalers<\/p>\r\n","opt2":"

goods are sold to wholesalers<\/p>\r\n","8":"

Prices are fixed for goods and services<\/p>\r\n","opt3":"

Prices are fixed for goods and services<\/p>\r\n","9":"

goods and services reach the consumers<\/p>\r\n","opt4":"

goods and services reach the consumers<\/p>\r\n","10":"

goods are sold to retailers.<\/p>\r\n","opt5":"

goods are sold to retailers.<\/p>\r\n","11":"D","ans":"D","12":"1503915782","date_added":"1503915782","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"198","q_id":"198","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the following is not a characteristic of money?<\/p>\r\n","question":"

Which of the following is not a characteristic of money?<\/p>\r\n","6":"

Scarcity<\/p>\r\n","opt1":"

Scarcity<\/p>\r\n","7":"

Durability<\/p>\r\n","opt2":"

Durability<\/p>\r\n","8":"

Divisibility<\/p>\r\n","opt3":"

Divisibility<\/p>\r\n","9":"

Homogeneity<\/p>\r\n","opt4":"

Homogeneity<\/p>\r\n","10":"

Mobility<\/p>\r\n","opt5":"

Mobility<\/p>\r\n","11":"E","ans":"E","12":"1503915822","date_added":"1503915822","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"199","q_id":"199","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the following defines Economics most comprehensively?<\/p>\r\n","question":"

Which of the following defines Economics most comprehensively?<\/p>\r\n","6":"

The study of buying and selling<\/p>\r\n","opt1":"

The study of buying and selling<\/p>\r\n","7":"

The organization of industries and markets<\/p>\r\n","opt2":"

The organization of industries and markets<\/p>\r\n","8":"

The study of human behaviour in the allocation of scarce resources<\/p>\r\n","opt3":"

The study of human behaviour in the allocation of scarce resources<\/p>\r\n","9":"

National development, planning and budgeting<\/p>\r\n","opt4":"

National development, planning and budgeting<\/p>\r\n","10":"

The study of market forces as they affect<\/p>\r\n","opt5":"

The study of market forces as they affect<\/p>\r\n","11":"C","ans":"C","12":"1503915879","date_added":"1503915879","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"200","q_id":"200","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

A society that is on its production possibility curve<\/p>\r\n","question":"

A society that is on its production possibility curve<\/p>\r\n","6":"

has attended full employment but not full production<\/p>\r\n","opt1":"

has attended full employment but not full production<\/p>\r\n","7":"

has attained full production but not full employment<\/p>\r\n","opt2":"

has attained full production but not full employment<\/p>\r\n","8":"

is using its resources insufficiently<\/p>\r\n","opt3":"

is using its resources insufficiently<\/p>\r\n","9":"

has attained both full employment and full production<\/p>\r\n","opt4":"

has attained both full employment and full production<\/p>\r\n","10":"

has a lower output level than it should have<\/p>\r\n","opt5":"

has a lower output level than it should have<\/p>\r\n","11":"D","ans":"D","12":"1503915947","date_added":"1503915947","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"201","q_id":"201","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Money becomes a very poor store of value in a period of<\/p>\r\n","question":"

Money becomes a very poor store of value in a period of<\/p>\r\n","6":"

deflation<\/p>\r\n","opt1":"

deflation<\/p>\r\n","7":"

stable prices<\/p>\r\n","opt2":"

stable prices<\/p>\r\n","8":"

recession<\/p>\r\n","opt3":"

recession<\/p>\r\n","9":"

inflation<\/p>\r\n","opt4":"

inflation<\/p>\r\n","10":"

harvest<\/p>\r\n","opt5":"

harvest<\/p>\r\n","11":"D","ans":"D","12":"1503915988","date_added":"1503915988","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"202","q_id":"202","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

The market price of a commodity is determined by the<\/p>\r\n","question":"

The market price of a commodity is determined by the<\/p>\r\n","6":"

total number of people in the market<\/p>\r\n","opt1":"

total number of people in the market<\/p>\r\n","7":"

total demand for the commodity<\/p>\r\n","opt2":"

total demand for the commodity<\/p>\r\n","8":"

quantity of the commodity supplied<\/p>\r\n","opt3":"

quantity of the commodity supplied<\/p>\r\n","9":"

interaction of demand and supply<\/p>\r\n","opt4":"

interaction of demand and supply<\/p>\r\n","10":"

Law of demand<\/p>\r\n","opt5":"

Law of demand<\/p>\r\n","11":"D","ans":"D","12":"1503916041","date_added":"1503916041","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"203","q_id":"203","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

\"\"<\/p>\r\n\r\n

In the above diagram, S0S0 is the original supply curve while S0S0 is the new curve. Which of the following does S0S0 represent? A.<\/p>\r\n","question":"

\"\"<\/p>\r\n\r\n

In the above diagram, S0S0 is the original supply curve while S0S0 is the new curve. Which of the following does S0S0 represent? A.<\/p>\r\n","6":"

movement along a given supply curve<\/p>\r\n","opt1":"

movement along a given supply curve<\/p>\r\n","7":"

An increase in supply<\/p>\r\n","opt2":"

An increase in supply<\/p>\r\n","8":"

A decrease in supply<\/p>\r\n","opt3":"

A decrease in supply<\/p>\r\n","9":"

A perfectly elastic supply<\/p>\r\n","opt4":"

A perfectly elastic supply<\/p>\r\n","10":"

A perfectly inelastic supply<\/p>\r\n","opt5":"

A perfectly inelastic supply<\/p>\r\n","11":"B","ans":"B","12":"1503916434","date_added":"1503916434","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"204","q_id":"204","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Economic growth is the<\/p>\r\n","question":"

Economic growth is the<\/p>\r\n","6":"

rate of increase in a country's full employment and real output<\/p>\r\n","opt1":"

rate of increase in a country's full employment and real output<\/p>\r\n","7":"

rate of increase in a nation's total population<\/p>\r\n","opt2":"

rate of increase in a nation's total population<\/p>\r\n","8":"

rate of increase in inflation<\/p>\r\n","opt3":"

rate of increase in inflation<\/p>\r\n","9":"

growth in birth rate<\/p>\r\n","opt4":"

growth in birth rate<\/p>\r\n","10":"

none of the above<\/p>\r\n","opt5":"

none of the above<\/p>\r\n","11":"A","ans":"A","12":"1503916481","date_added":"1503916481","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"205","q_id":"205","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

If the price of margarine rises substantially, the equilibrium rice a quantity of butter demanded will<\/p>\r\n","question":"

If the price of margarine rises substantially, the equilibrium rice a quantity of butter demanded will<\/p>\r\n","6":"

decrease<\/p>\r\n","opt1":"

decrease<\/p>\r\n","7":"

increase<\/p>\r\n","opt2":"

increase<\/p>\r\n","8":"

remain constant<\/p>\r\n","opt3":"

remain constant<\/p>\r\n","9":"

fluctuate<\/p>\r\n","opt4":"

fluctuate<\/p>\r\n","10":"

be inelastic<\/p>\r\n","opt5":"

be inelastic<\/p>\r\n","11":"B","ans":"B","12":"1503916539","date_added":"1503916539","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"206","q_id":"206","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Money as a unit of account implies that it can be<\/p>\r\n","question":"

Money as a unit of account implies that it can be<\/p>\r\n","6":"

counted in units<\/p>\r\n","opt1":"

counted in units<\/p>\r\n","7":"

used to facilitate exchange<\/p>\r\n","opt2":"

used to facilitate exchange<\/p>\r\n","8":"

used to measure the value of goods and services<\/p>\r\n","opt3":"

used to measure the value of goods and services<\/p>\r\n","9":"

used to store goods and services<\/p>\r\n","opt4":"

used to store goods and services<\/p>\r\n","10":"

used for future payment<\/p>\r\n","opt5":"

used for future payment<\/p>\r\n","11":"D","ans":"D","12":"1503916649","date_added":"1503916649","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"207","q_id":"207","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the fql1owinq does not increase the population of a country?<\/p>\r\n","question":"

Which of the fql1owinq does not increase the population of a country?<\/p>\r\n","6":"

An increase in birth rate<\/p>\r\n","opt1":"

An increase in birth rate<\/p>\r\n","7":"

A decrease in death rate<\/p>\r\n","opt2":"

A decrease in death rate<\/p>\r\n","8":"

Emigration<\/p>\r\n","opt3":"

Emigration<\/p>\r\n","9":"

Immigration<\/p>\r\n","opt4":"

Immigration<\/p>\r\n","10":"

Early marriage<\/p>\r\n","opt5":"

Early marriage<\/p>\r\n","11":"C","ans":"C","12":"1503916707","date_added":"1503916707","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"208","q_id":"208","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

A stockholder partakes of the profits of a limited liability business by receiving<\/p>\r\n","question":"

A stockholder partakes of the profits of a limited liability business by receiving<\/p>\r\n","6":"

shares<\/p>\r\n","opt1":"

shares<\/p>\r\n","7":"

profits<\/p>\r\n","opt2":"

profits<\/p>\r\n","8":"

wages and salaries<\/p>\r\n","opt3":"

wages and salaries<\/p>\r\n","9":"

dividends<\/p>\r\n","opt4":"

dividends<\/p>\r\n","10":"

gifts<\/p>\r\n","opt5":"

gifts<\/p>\r\n","11":"D","ans":"D","12":"1503916751","date_added":"1503916751","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"209","q_id":"209","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Near money is made up of<\/p>\r\n","question":"

Near money is made up of<\/p>\r\n","6":"

very liquid assets which can be easily converted into money<\/p>\r\n","opt1":"

very liquid assets which can be easily converted into money<\/p>\r\n","7":"

currency in circulation and demand deposits<\/p>\r\n","opt2":"

currency in circulation and demand deposits<\/p>\r\n","8":"

notes and coins<\/p>\r\n","opt3":"

notes and coins<\/p>\r\n","9":"

fixed assets which cannot be converted into money<\/p>\r\n","opt4":"

fixed assets which cannot be converted into money<\/p>\r\n","10":"

the total money supply in the economy<\/p>\r\n","opt5":"

the total money supply in the economy<\/p>\r\n","11":"A","ans":"A","12":"1503916810","date_added":"1503916810","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"210","q_id":"210","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the following is not characteristic of a perfect competition?<\/p>\r\n","question":"

Which of the following is not characteristic of a perfect competition?<\/p>\r\n","6":"

Many sellers and buyers are in the market<\/p>\r\n","opt1":"

Many sellers and buyers are in the market<\/p>\r\n","7":"

There is perfect knowledge of the market situation<\/p>\r\n","opt2":"

There is perfect knowledge of the market situation<\/p>\r\n","8":"

Supply and demand are equal<\/p>\r\n","opt3":"

Supply and demand are equal<\/p>\r\n","9":"

There is no discrimination<\/p>\r\n","opt4":"

There is no discrimination<\/p>\r\n","10":"

Products are identical<\/p>\r\n","opt5":"

Products are identical<\/p>\r\n","11":"C","ans":"C","12":"1503917153","date_added":"1503917153","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"211","q_id":"211","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

\"\"<\/p>\r\n\r\n

The diagram above illustrates<\/p>\r\n","question":"

\"\"<\/p>\r\n\r\n

The diagram above illustrates<\/p>\r\n","6":"

perfectly elastic demand<\/p>\r\n","opt1":"

perfectly elastic demand<\/p>\r\n","7":"

inelastic demand<\/p>\r\n","opt2":"

inelastic demand<\/p>\r\n","8":"

perfectly inelastic demand<\/p>\r\n","opt3":"

perfectly inelastic demand<\/p>\r\n","9":"

elastic demand<\/p>\r\n","opt4":"

elastic demand<\/p>\r\n","10":"

unitary elasticity of demand<\/p>\r\n","opt5":"

unitary elasticity of demand<\/p>\r\n","11":"D","ans":"D","12":"1503917257","date_added":"1503917257","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"212","q_id":"212","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the following is not a negative effect of inflation?<\/p>\r\n","question":"

Which of the following is not a negative effect of inflation?<\/p>\r\n","6":"

Lenders earn less<\/p>\r\n","opt1":"

Lenders earn less<\/p>\r\n","7":"

Pensioners and salary earners on fixed incomes suffer<\/p>\r\n","opt2":"

Pensioners and salary earners on fixed incomes suffer<\/p>\r\n","8":"

Exports tend to decline<\/p>\r\n","opt3":"

Exports tend to decline<\/p>\r\n","9":"

Savings are discouraged<\/p>\r\n","opt4":"

Savings are discouraged<\/p>\r\n","10":"

Borrowers tend to gain<\/p>\r\n","opt5":"

Borrowers tend to gain<\/p>\r\n","11":"E","ans":"E","12":"1503917370","date_added":"1503917370","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"213","q_id":"213","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

\"\"<\/p>\r\n\r\n

The above diagram represents<\/p>\r\n","question":"

\"\"<\/p>\r\n\r\n

The above diagram represents<\/p>\r\n","6":"

an increase in demand<\/p>\r\n","opt1":"

an increase in demand<\/p>\r\n","7":"

an increase in demand<\/p>\r\n","opt2":"

an increase in demand<\/p>\r\n","8":"

a decrease in quantity demanded<\/p>\r\n","opt3":"

a decrease in quantity demanded<\/p>\r\n","9":"

a decrease in demand<\/p>\r\n","opt4":"

a decrease in demand<\/p>\r\n","10":"

a change in price<\/p>\r\n","opt5":"

a change in price<\/p>\r\n","11":"A","ans":"A","12":"1503917744","date_added":"1503917744","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"214","q_id":"214","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the following is not a function of the central bank?<\/p>\r\n","question":"

Which of the following is not a function of the central bank?<\/p>\r\n","6":"

Banker to the Government<\/p>\r\n","opt1":"

Banker to the Government<\/p>\r\n","7":"

Bankers' bank<\/p>\r\n","opt2":"

Bankers' bank<\/p>\r\n","8":"

Acceptance of deposits from the public<\/p>\r\n","opt3":"

Acceptance of deposits from the public<\/p>\r\n","9":"

Responsibility for monetary policy<\/p>\r\n","opt4":"

Responsibility for monetary policy<\/p>\r\n","10":"

Lender of last resort<\/p>\r\n","opt5":"

Lender of last resort<\/p>\r\n","11":"C","ans":"C","12":"1503917882","date_added":"1503917882","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"215","q_id":"215","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Proportional tax is a tax whose<\/p>\r\n","question":"

Proportional tax is a tax whose<\/p>\r\n","6":"

percentage rate remains constant as the tax base increases<\/p>\r\n","opt1":"

percentage rate remains constant as the tax base increases<\/p>\r\n","7":"

percentage rate increases as the tax base increases<\/p>\r\n","opt2":"

percentage rate increases as the tax base increases<\/p>\r\n","8":"

percentage rate decreases as the tax base increases<\/p>\r\n","opt3":"

percentage rate decreases as the tax base increases<\/p>\r\n","9":"

percentage rate fluctuates as the tax base increases<\/p>\r\n","opt4":"

percentage rate fluctuates as the tax base increases<\/p>\r\n","10":"

burden falls heavily on consumers<\/p>\r\n","opt5":"

burden falls heavily on consumers<\/p>\r\n","11":"A","ans":"A","12":"1503917934","date_added":"1503917934","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"216","q_id":"216","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

The largest part of the revenue of a country is derived from<\/p>\r\n","question":"

The largest part of the revenue of a country is derived from<\/p>\r\n","6":"

direct taxation<\/p>\r\n","opt1":"

direct taxation<\/p>\r\n","7":"

indirect taxation<\/p>\r\n","opt2":"

indirect taxation<\/p>\r\n","8":"

excise duties<\/p>\r\n","opt3":"

excise duties<\/p>\r\n","9":"

company taxes<\/p>\r\n","opt4":"

company taxes<\/p>\r\n","10":"

non-tax revenue<\/p>\r\n","opt5":"

non-tax revenue<\/p>\r\n","11":"B","ans":"B","12":"1503917973","date_added":"1503917973","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"217","q_id":"217","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the following is not a good reason for the importance of agriculture in West African countries? It<\/p>\r\n","question":"

Which of the following is not a good reason for the importance of agriculture in West African countries? It<\/p>\r\n","6":"

employs about60% of the people<\/p>\r\n","opt1":"

employs about60% of the people<\/p>\r\n","7":"

provides the highest tax revenue<\/p>\r\n","opt2":"

provides the highest tax revenue<\/p>\r\n","8":"

is a major foreign exchange earner in most of the countries<\/p>\r\n","opt3":"

is a major foreign exchange earner in most of the countries<\/p>\r\n","9":"

provides the raw materials for all import-substitution industries<\/p>\r\n","opt4":"

provides the raw materials for all import-substitution industries<\/p>\r\n","10":"

provides raw materials only for foreign industries<\/p>\r\n","opt5":"

provides raw materials only for foreign industries<\/p>\r\n","11":"E","ans":"E","12":"1503918043","date_added":"1503918043","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"218","q_id":"218","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

The comparative cost doctrine of international trade means specialization in production according to<\/p>\r\n","question":"

The comparative cost doctrine of international trade means specialization in production according to<\/p>\r\n","6":"

absolute cost advantage<\/p>\r\n","opt1":"

absolute cost advantage<\/p>\r\n","7":"

absolute cost disadvantage<\/p>\r\n","opt2":"

absolute cost disadvantage<\/p>\r\n","8":"

comparative cost disadvantage<\/p>\r\n","opt3":"

comparative cost disadvantage<\/p>\r\n","9":"

comparative cost advantage<\/p>\r\n","opt4":"

comparative cost advantage<\/p>\r\n","10":"

the availability of labour<\/p>\r\n","opt5":"

the availability of labour<\/p>\r\n","11":"D","ans":"D","12":"1503918097","date_added":"1503918097","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"219","q_id":"219","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

The greater burden of the taxes on essential goods is borne by<\/p>\r\n","question":"

The greater burden of the taxes on essential goods is borne by<\/p>\r\n","6":"

the middle income group<\/p>\r\n","opt1":"

the middle income group<\/p>\r\n","7":"

high income group<\/p>\r\n","opt2":"

high income group<\/p>\r\n","8":"

low income group<\/p>\r\n","opt3":"

low income group<\/p>\r\n","9":"

people between the middle and high income groups<\/p>\r\n","opt4":"

people between the middle and high income groups<\/p>\r\n","10":"

few top rich people<\/p>\r\n","opt5":"

few top rich people<\/p>\r\n","11":"C","ans":"C","12":"1503918202","date_added":"1503918202","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"220","q_id":"220","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

A change in supply implies a<\/p>\r\n","question":"

A change in supply implies a<\/p>\r\n","6":"

shift in the supply curve to the right and not to the left<\/p>\r\n","opt1":"

shift in the supply curve to the right and not to the left<\/p>\r\n","7":"

shift in supply curve to the left and not to the right<\/p>\r\n","opt2":"

shift in supply curve to the left and not to the right<\/p>\r\n","8":"

shift in the supply curve to the left or to the right<\/p>\r\n","opt3":"

shift in the supply curve to the left or to the right<\/p>\r\n","9":"

movement along the supply curve<\/p>\r\n","opt4":"

movement along the supply curve<\/p>\r\n","10":"

decrease in price and quantity supplied<\/p>\r\n","opt5":"

decrease in price and quantity supplied<\/p>\r\n","11":"C","ans":"C","12":"1503918266","date_added":"1503918266","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"221","q_id":"221","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

Which of the following would increase the GNP of an economy?<\/p>\r\n","question":"

Which of the following would increase the GNP of an economy?<\/p>\r\n","6":"

increased government expenditure on the salary of civil servants<\/p>\r\n","opt1":"

increased government expenditure on the salary of civil servants<\/p>\r\n","7":"

An increase in the proportion of the productively employed population<\/p>\r\n","opt2":"

An increase in the proportion of the productively employed population<\/p>\r\n","8":"

A decrease in the rate of unemployment<\/p>\r\n","opt3":"

A decrease in the rate of unemployment<\/p>\r\n","9":"

A decrease in output per worker<\/p>\r\n","opt4":"

A decrease in output per worker<\/p>\r\n","10":"

An increase in the population dependency ratio<\/p>\r\n\r\n

 <\/p>\r\n","opt5":"

An increase in the population dependency ratio<\/p>\r\n\r\n

 <\/p>\r\n","11":"B","ans":"B","12":"1503918335","date_added":"1503918335","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"222","q_id":"222","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

A market condition where profit is maximized when MR = AR = MC = P is known as<\/p>\r\n","question":"

A market condition where profit is maximized when MR = AR = MC = P is known as<\/p>\r\n","6":"

monopoly<\/p>\r\n","opt1":"

monopoly<\/p>\r\n","7":"

oligopoly<\/p>\r\n","opt2":"

oligopoly<\/p>\r\n","8":"

monopoly<\/p>\r\n","opt3":"

monopoly<\/p>\r\n","9":"

perfect competition<\/p>\r\n","opt4":"

perfect competition<\/p>\r\n","10":"

duopoly<\/p>\r\n","opt5":"

duopoly<\/p>\r\n","11":"D","ans":"D","12":"1503918392","date_added":"1503918392","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"223","q_id":"223","1":"2","c_id":"2","2":"7","sub_id":"7","3":"37","state_id":"37","4":"1992","year":"1992","5":"

When the price of a commodity is fixed by law either below or above the equilibrium, the mechanism is known as<\/p>\r\n","question":"

When the price of a commodity is fixed by law either below or above the equilibrium, the mechanism is known as<\/p>\r\n","6":"

price discrimination<\/p>\r\n","opt1":"

price discrimination<\/p>\r\n","7":"

price control<\/p>\r\n","opt2":"

price control<\/p>\r\n","8":"

perfect market<\/p>\r\n","opt3":"

perfect market<\/p>\r\n","9":"

equilibrium price<\/p>\r\n","opt4":"

equilibrium price<\/p>\r\n","10":"

market structure<\/p>\r\n","opt5":"

market structure<\/p>\r\n","11":"B","ans":"B","12":"1503918447","date_added":"1503918447","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":null,"date_approved":null,"23":null,"ans_text":null,"24":"1992","year_kept":"1992","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":null,"updatedat":null},{"0":"224","q_id":"224","1":"2","c_id":"2","2":"10","sub_id":"10","3":"37","state_id":"37","4":"1988","year":"1988","5":"

A rigid constitution is said to be best suited for a<\/p>\r\n","question":"

A rigid constitution is said to be best suited for a<\/p>\r\n","6":"

Federal Government<\/p>\r\n","opt1":"

Federal Government<\/p>\r\n","7":"

Socialist Government<\/p>\r\n","opt2":"

Socialist Government<\/p>\r\n","8":"

Military Government<\/p>\r\n","opt3":"

Military Government<\/p>\r\n","9":"

Unitary government<\/p>\r\n","opt4":"

Unitary government<\/p>\r\n","10":"

Fascist Government<\/p>\r\n","opt5":"

Fascist Government<\/p>\r\n","11":"A","ans":"A","12":"1503918468","date_added":"1503918468","13":"ags","examtype":"ags","14":"third term","examterm":"third term","15":"obj","category":"obj","16":null,"deletedat":null,"17":"0","deleted":"0","18":"0","approved":"0","19":"0","approvedby":"0","20":"0","approvedby_second":"0","21":"0","approvedby_third":"0","22":"2021-10-29 10:24:28","date_approved":"2021-10-29 10:24:28","23":null,"ans_text":null,"24":"1988","year_kept":"1988","25":"2023-06-24 08:58:45","createdat":"2023-06-24 08:58:45","26":"2023-08-21 06:42:59","updatedat":"2023-08-21 06:42:59"}]}