WAEC Past Questions and Answers - Page 3611

18,051.

The primary objectives of the Nigerian Industrial Development Banks(NIDB) is the provision of loans to

A.

Farmers

B.

Manufacturers

C.

State agents

D.

Transporters

Correct answer is B

No explanation has been provided for this answer.

18,052.

Mono-product economies are those that produce

A.

Only intermediate products

B.

Petroleum products

C.

Agricultural products

D.

One main commodity

Correct answer is D

No explanation has been provided for this answer.

18,053.

Unemployment that arises because of introduction of new machines and equipment in production is called

A.

Cyclical

B.

Structural

C.

Seasonal

D.

Disguised

Correct answer is B

No explanation has been provided for this answer.

18,054.

Which of the following banks grant credit facilities to individuals wishing to build houses?

A.

Central Bank of Nigeria

B.

Nigerian Industrial Development Bank

C.

Agricultural Credit Bank

D.

Federal Mortgage Bank of Nigeria

Correct answer is D

No explanation has been provided for this answer.

18,055.

Commercial banks settle their inter-bank indebtedness through

A.

Merchant banks

B.

Central banks

C.

Development banks

D.

Stock exchange

Correct answer is B

No explanation has been provided for this answer.