WAEC Economics Past Questions & Answers - Page 187

931.

Which of the following will ensure efficiency in the in the industrial sector of your country?

A.

Indigenisation

B.

Privatisation

C.

Nationalisation

D.

Liquidation

Correct answer is B

No explanation has been provided for this answer.

932.

Open Market Operation (OMO) means the

A.

Provision of credit facilities by commercial banks

B.

Provision of credit facilities by the mortgage banks

C.

Buying and selling of government securities by the central banks

D.

Procedure for the establishment of commercial banks

Correct answer is C

No explanation has been provided for this answer.

933.

Government of West African countries levy taxes to

A.

Prevent prices from falling

B.

Make people richer

C.

Limit the number of banks

D.

Finance government projects

Correct answer is D

No explanation has been provided for this answer.

934.

The market consisting of a network of dealers where currencies can be bought and sold is known as

A.

Capital market

B.

Foreign exchange market

C.

Commodity market

D.

The stock market

Correct answer is B

No explanation has been provided for this answer.

935.

The most common index for measuring developments is

A.

The level of illiteracy

B.

The per capita income

C.

Nutritional level

D.

Population growth rate

Correct answer is B

No explanation has been provided for this answer.