Ss 3 Economics Exams 2nd Term
SS3 2ND ECONOMICS QUE.
SECTION A
1. Economic growth is the ____________
A. rate of increase in a country’s full employment and real output. B. rate of increase in a nations total population rate.C. increase in inflation.D. growth in birthrate.
2. An increase in the quantity of goods and services produced in a country which raises her national income is known as ____ A. economic development B. economic growth
C. domestic investment D. productivity
3. Economic development is reflected in ____ A. Scarcity of capital B.increase in the price level C. decline in agricultural production D. increase in productive capacity
4. The level of Economic development is low in Nigeria because ____ A. planning has no practical relevance B. of the pattern of consumers spending C. the country is too large D. of ineffective plan implementation
5. Development plans in Nigeria have deviated from their targets due to ____ A. Lack of power B. political instability C.High population growth rate D. brain drain in the country
6. The level of economic development is low in Nigeria because _____ A. planning has no practical relevance B. of the pattern of consumers spending C. the country is too large D. of ineffective plan implementation
7. Development of planning which takes an overall view of the economy is described as ____ A. Aggregate /comprehensive economic planning B. Disaggregated economic planning C. Sectorial economic planning D. system economic planning
8. The type of economic planning that deals with distribution of National Income to various sectors is known as _____ A. Financial planning B. sectorial planning C. strategic planning D. partial economic planning
9. The UNCTAD has its headquarter in _____ A.Meiran Lagos B. Accra Ghana C. Lome Togo D. Geneva Switzerland
10. One of the following is a member of EU A. GhanaB. Argentina C. Togo D. France
11. The West African Clearing House was established in ____ A. Jan 1914 B. June 1975
C. May 2005 D. May 1902
12. WACH headquarter is in _____ A. Ikeja, Nigeria B. Cairo, EgyptC. Accra, Ghana
D. Freetown, Sierra Leone.
13. The objectives of NEEDs include all but ____ A. poverty reduction B. employment generation C. wealth creation D. scarcity.
14. The life expectancy ratio stated in Vision 2020 is ____ A. 60years B. 87years C. 70years D.50years.
15. The seven point agenda proposed to increase power and energy to ____ A. 60,000 MW B. 100,000 MW C. 26000 MW D. 20000MW.
16. Which of the following is Millennium Goal (MDG)? A. Attracting foreign direct investment B. Eradication of extreme poverty and hunger C. Increasing capital flows through debt reduction D. To guarantee Africa’s renewal.
17. NAPEP was established in …… year A. 2000 B. 2001 C. 1960 D. 1945
18. The absence of lack of food, shelter, clothes and education is A. stand B. poverty C. growth D. hunger.
19. Which is not an agency for poverty alleviation? A. NEPEP B. NDE C. HIV D. PEP.
20. According to United Nation, Nigeria is living below? A. 2 dollars per day B. 1 dollar per day C. 2 dollars per week D. 10 dollars per day.
21. Which of the following is an advantage of indigenization? A. Checking exploitation by citizens B. Business risks are shared C. Fosters self-reliance D. Leads to monopoly of power
22. The act of bringing a privately owned business under exclusive state ownership and control is referred to as A. commercialization B. indigenization C. nationalization D. privatization
23. Which of the following is not a reason for nationalizing an industry? A. monopoly B. strategy C. inflation D. security
24. Which of the following bodies carried out banks recapitalization in Nigeria.
25. Federal office of statistics B. Stock Exchange C. Central Bank D. National Assembly
26. ____ initiated banks recapitalization in Nigeria. A. Ahmed Sanusi B. Professor Charles Saludo C. Joseph SanusiD. IkpeEkong
27. The minimum capital base of banks in Nigeria is _____
A. 1 billion B. 2 billion C. 4 billion D. 25 billion
28. The electronic machine that accept data and process it and present the information is____ A. computer B. microwave C. electric cooker D. television
SECTION B
1. Outline any five positive effects of computer on the economy of the country.
2. Discuss five causes of poverty.
3. Describe the Seven Point Agenda.
4. Mention four functions of Economic community for Africa.
4. What are the problems of planning in Nigeria?
6. What is economic development? State its characteristics.
