WAEC Economics Past Questions & Answers - Page 289

1,441.

Which of the following are the most liquid assets to a commercial bank?

A.

Money at call and short notice

B.

Treasury Bills

C.

Commercial Bills

D.

Stock and Shares

E.

Cash

Correct answer is E

No explanation has been provided for this answer.

1,442.

Which of these best explains Malthusians theory of population?

A.

Increase in population cause hunger and death

B.

The population increase faster than food supply

C.

The population grows at arithmetic progression while food production grows at geometric progression

D.

People could be sent to ‘No man’s land’ when the population increases

E.

People should produce as many children as they could to because passion cannot be controlled

Correct answer is B

No explanation has been provided for this answer.

1,443.

The International Bank of Reconstruction and Development (IBRD) is important to the developing nations because it

A.

Gives loans to member s for legal proceedings

B.

Offer grants and aids for defense

C.

Enhances financial relationship among countries

D.

Offer soft loans for educational and health services

E.

Offer grants and aid to finance private projects

Correct answer is C

No explanation has been provided for this answer.

1,444.

Which of the following is not a feature of Sole Proprietorship?

A.

The Sole Proprietor provides the capital to start the business

B.

The Sole Proprietor is the boss of his business

C.

There is unlimited liability

D.

Continuity is doubtful at the death of the proprietor

E.

Decision can be taken only by ten people

Correct answer is E

No explanation has been provided for this answer.

1,445.

An economic system in which most capital goods are owned by individuals and private firms is known as

A.

Mixed economy

B.

Planned economy

C.

Capitalist economy

D.

Traditional economy

E.

Civilized economy

Correct answer is C

No explanation has been provided for this answer.