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2020 JAMB CBT ECONOMICS QUESTIONS AND ANSWERS (14th) Economics


2020 JAMB CBT ECONOMICS QUESTIONS AND ANSWERS (14th) Economics

2020 JAMB CBT ECONOMICS QUESTIONS AND ANSWERS (14th) Economics


*1. The residual of production which acquires to the ownership of loans

after all other expenses have been met is called ___*

*Answer: Rent*

*2. The downturn in the price of shares on stock markets is a highlight or

___*

*Answer: The regulatory nature of the market*

*3. What is the effect of decrease in supply where demand is constant?*

*Answer: Increase in price, decrease in quantity.*

*4. To control inflation, the monetary authority of a company can ___*

*Answer: Engage in a restrictive monetary policy.

*5. Natural growth rate can be calculated by?*

*Answer: Natural growth rate = Death rate + Net immigration*

*6. In the analysis of utility theory, the basic of demand is ___

Answer: *Diminishing utility*

*7. In the money market, money can only be borrowed for ___*

*Answer: Short term*

*8. The consumers co-operative society is owned by*

*Answer: Members of the society

*9. Find the median of the following set of score, 8,9,6,5,10*

*Answer: Median is the middle number after all the numbers are

arranged in ascending or descending order.* *(Arranging, we have

5,6,8,9,10.* *Therefore, the media in 8*

*10. In a public company, entrepreneurship functions are performed by

the ___*

*Answer: Board of directors

*11. One major export crop in West Africa is ____

Answer: Cocoa*

*12. expresses relationship between the dependent and

independent variable.*

*Answer: Functions*

*13. Macroeconomics was made popular by*

*Answer: John M. Kaynes*

*14. Distribution of goods and services is hindered by ____*

*Answer: Too many middlemen (and other factors).*

*15. Census of population is usually conducted every ___*

*Answer: 10 years*

*16. Which bank is known as post office bank?

Answer: Merchant Bank*

*17. A firm s main aim is to*

*Answer: Maximise profits*

*18. In a socialist economy, factors of production are owned and

controlled by the*

*Answer: Government.*

*19. The market where buyer and sellers of currency meet is known as*

*Answer: Foreign exchange market*

*20. Taxes which are levied on a* *person s expenditure are known as*

*Answer: Purchase tax

*21. The additional revenue obtained by using one more unit of a factor

is called* ___

*Answer: Marginal Revenue product

*22. A firm s compulsory cost is referred to as its*

*Answer: Fixed Cost*

*23. The assumption of economic analysis are .. and ..*

*Answer: Rationally and other things being equal*

*24. A firm is at its optimum size when*

*Answer: It produces the greatest output at the minimum.*

*25. When a variable is associated with time period, it is?*

*Answer: A flow*

*26. The full meaning of OPEC is*

*Answer: Organization of Petroleum exporting countries.

*27. State-owned enterprises are more common in____

Answer: Centrally planned economies*

*28. Commercial banks are example of___

Answer: joint stock banks*

*29. Efficiency of labour is enhanced by Improved____

Answer: working condition and training*

*30. The production strategy used in over populated country is__

Answer: Labour intensive.*

*31. Internal trade has general effect on .. of a country.

*Answer: GDP*

*32. West African economies can be described as?*

*Answer: Agricultural.

*33. The headquarters of the African Development Bank (ADB) was

originally located in____

Answer: Abidjan*

*34. .. is the measurement of* *steepness of the line or curve that

emerges on the graph.*

*Answer: Slope*

*35. Banks create money by*

*Answer: Lending out deposits to borrowers*

*36. The situation whereby government revenue is less than government

expenditure is referred to as*

*Answer: Budget deficit*

*37. .. and . of goods and factors of production brought the

existence of price*

*Answer: Scarcity and usefulness*

*38. The most common form of* *business in West Africa is the*

*Answer: Sole proprietorship*

*39. The terms of trade simply mean the price ratio of*

*Answer: export to import.*

*40. The tax imposed on goods produced within the country is

Answer: excise tax

NOTE:

1. YOUR NUMBER TEN(10) QUESTION CAN BE YOUR

BROTHER S NUMBER TWENTY-FIVE {25} QUESTION.

2. DON T SPREAD THIS QUESTIONS AND ANSWERS TO

ANYONE.

Frequently Asked Qestions and Answers

How To Pass WAEC Examination: 2020/2021 WAEC Secret

How can I prepare for Waec?

Those are the guides you need to pass WAEC 2020 examination....Below are the tips to pass WAEC Examination excellently:Don't be afraid of WAEC.Be zealous to pass.Start reading as early as possible.Study voraciously.Join a WAEC study group.Study with WAEC syllabus.Work on your handwriting.Study past WAEC questions.More items...

Information for applicants from Nigeria - Queen Mary University of ...

Is Neco accepted in UK?

We generally accept the WASSC or NECO with a minimum of 5 relevant subjects at grade B3. If you are currently studying another UK foundation programme elsewhere and would like to progress to one of our Bachelor degrees, please get in touch via the contact details at the bottom of the page.
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GCE Harder than WAEC? Differences To Expect - School Contents

Is GCE harder than Waec?

WAEC internal can be easier because you're have been well prepared for the papers most recently (SS1 to 3). People usually write GCE while they'd abandoned books for months - if not years. This may make it more difficult to pass. There are other reasons WAEC internal could be more convenient as detailed in this post.
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Most Common Answer on the ACT: Guess C? - PrepScholar Blog

Is C the most common answer on tests?

The idea that C is the best answer to choose when guess-answering a question on a multiple choice test rests on the premise that ACT answer choices are not truly randomized. In other words, the implication is that answer choice C is correct more often than any other answer choice.
The idea that C is the best answer to choose when guess-answering a question on a multiple choice test rests on the premise that ACT answer choices are not truly randomized. In other words, the implication is that answer choice C is correct more often than any other answer choice.Apr 17, 2018

Breaking: WAEC GCE To Hold Twice A Year Starting From? (See ...

How many times is GCE done in a year?

West African Examinations Council (WAEC) has announced that the General Certificate Examination (GCE) for private candidates will now be held twice a year starting in 2020.
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How Many Years is WAEC, NECO & NABTEB Results Valid?

Does NECO and WAEC result expire?

Similar to WAEC, your National Examination Council (NECO) result (certificate) is valid for life. It doesn't have any expiry date. That is, for as long as you live, you can use your NECO result to gain admission into the university and seek employment where applicable.

List of Universities in USA that Accept WASSCE Results | GH Students

Is Waec accepted in USA?

The WAEC examination is open to both private and school candidates. ... Some universities in the USA accepts WAEC results from West African students. So, you need to meet their minimum requirements before you're offered admission into an American university.
The WAEC examination is open to both private and school candidates. ... Some universities in the USA accepts WAEC results from West African students. So, you need to meet their minimum requirements before you're offered admission into an American university.

NECO 2020 BECE Registration Form ("Junior WAEC") ? NGScholars

How much is junior Waec fees?

The following are the approved fees for the examination and other related items: Registration fees ? 4,000.00 Naira (Mandatory fee) Late Registration ? 1,000.00 Naira per candidate ? (Mandatory fee) Re-Sit Exam ? 1,000.00 Naira per copy.
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Is NECO Certificate Accepted Outside Nigeria? (Read Here ...

Is Neco accepted in USA?

The answer is yes. NECO can be used to study abroad but not all schools abroad accept it. ... First of all, an applicant with a NECO result must sit for a proficiency English language exam such as GRE, IELTS, SAT, ACT, PSAT, TOEFL, GMAT, and the likes.
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How can I get expo for Waec?

To get your legit 2020 waec expo runs answers, kindly; Visit examplaza.com Waec Expo Answers Page.Choose Your Package or.Send a text of this format ?Helo! I want to pay for my 2020 waec expo answers?.Send to 08143977661.

Age limit as dilemma for admission seekers | The Guardian Nigeria ...

What is the age limit for Waec?

Although the 16 years age limit requirement for university admission has no legal backing, it has become the gold standard for some universities in Nigeria, which had in their post-Unified Tertiary Matriculation Examination (UTME) advertorial stated that ?candidates, who will not be 16 years of age by October 31, 2018, ...
16 years,Although the 16 years age limit requirement for university admission has no legal backing, it has become the gold standard for some universities in Nigeria, which had in their post-Unified Tertiary Matriculation Examination (UTME) advertorial stated that ?candidates, who will not be 16 years of age by October 31, 2018, ...Oct 4, 2018

7 Brain Hacks to Learn and Memorize Things Faster | The Science ...

How can I memorize a lot of information?

There are a number of ways to train your brain to memorize things faster and optimize learning.Exercise to clear your head. ... Write down what needs to be memorized over and over. ... Do yoga. ... Study or practice in the afternoon. ... Relate new things to what you already know. ... Stay away from multitasking.More items...?Mar 18, 2016

NECO Original Result Slips & Certificate Collection Payment ...

How much is an original NECO certificate?

NECO SSCE External Candidates Original Result Slips Cost: The Sum of One Thousand Naira Only (N1,000). NECO SSCE External Candidates Issuance of Original Certificate Cost: The Sum of One Hundred Naira Only (N100).
NECO Original Result Slips & Certificate Fee NECO SSCE External Candidates Original Result Slips Cost: The Sum of One Thousand Naira Only (N1,000). NECO SSCE External Candidates Issuance of Original Certificate Cost: The Sum of One Hundred Naira Only (N100).Feb 17, 2020

Why Waec Gce is Far better than Neco Gce - WAEC GCE

Is Neco better than GCE?

Why Waec Gce is Far better than Neco Gce. ... 2: Grading: The marking scheme of Neco is totally different from that of Waec Gce and mostly students prefer writing Waec gce than that of Neco , Have you heard about C Parallel slogan, Student now call some board Exam Parallel Examination.
Why Waec Gce is Far better than Neco Gce. ... 2: Grading: The marking scheme of Neco is totally different from that of Waec Gce and mostly students prefer writing Waec gce than that of Neco , Have you heard about C Parallel slogan, Student now call some board Exam Parallel Examination.May 13, 2013

Buy WAEC January February GCE Form Online ? WAEC ...

How much is WAEC and NECO?

It is no news that many schools in Nigeria (especially private secondary schools) charge up to 50,000 naira and even above for waec registration in their respective centres. The normal price for WAEC SSCE Enrollment fee fixed by waec is within N13,950.
It is no news that many schools in Nigeria (especially private secondary schools) charge up to 50,000 naira and even above for waec registration in their respective centres. The normal price for WAEC SSCE Enrollment fee fixed by waec is within N13,950.

3 things to do while waiting for your WAEC result [ARTICLE] - Pulse ...

What should we do after Waec?

Here are three important things you should do while waiting for the result.Attend coaching classes. It is very easy for secondary school leavers to slip after writing their final papers. You might want to rest after writing your SSCE for a whole month. ... Prepare for UTME. Student preparing for exams. ... Learn a skill.Nov 2, 2018

TEACHERS PLATFORM: Why do students forget what we teach ...

Why do I forget when I study?

The most common reason why students forget is because the material is under learned. To remember something, it must first be learned, that is, stored in long-term memory. If you don't do what is necessary to get information into your long-term memory, you have under learned the material and forgetting is normal.

How to get your Original NECO Result | News From Nigeria ...

How long does it take to get NECO certificate?

The basic requirements for collection of original certification is the verification of the candidate original O level result. Neck stand for national examination council and the original neck result is always available after 4 years.
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Courses You Can Study Without Economics | Fatherprada

Can I gain admission with d7 in economics?

Though Economics is a subject that cut across all departments in secondary, Economics is a core subject for commercial students. You can't escape Economics. Many schools may accept D7 or E8 in Mathematics and English for some courses but for Economics, you must have credit?

Is 20-21 too old to start studying in university or college? - Quora

Is 20 too old for university?

20?21 isn't much older than that. I'll go a step further and say that it's never too old to go to college. There's no cutoff date for an education. Sometimes life gets in the way of things and some people aren't able to attend college right away.
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How To Process Collection Of Original WAEC Certificate ...

Can I collect my Waec certificate from WAEC office?

Private candidates can collect their certificates from WAEC directly at any of the WAEC offices nationwide. Applicants are required to present an application letter, a sworn affidavit from the High Court, the online result print- out, one passport-size photograph, photo card and identity card.

What is the best time for studying? - Quora

Which time is best for study?

Generally speaking the best time for effective studying would be Morning (5AM to 10 AM) and Evening(5PM to 9 PM) . Reasons: Early morning is a time when there is very less movement of any form. You would be the only one awake in the house and there won't be any distractions.

Is 21 too old to start university? : AskUK - Reddit

Is 21 too old for university?

21 isn't too old to start anything. Seriously though, who is going to be able to tell you are two years older. It's a none issue. It's probably a better time to start uni than an 18 year old in my opinion.
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International Entry Requirements: What's my degree score equal to?

What is a 2.2 degree in GPA?

Postgraduate: University of the West Indies - A score of B, 65% or GPA of 3.0 is considered comparable to a UK 2.1, while a score of B-, 60% or GPA of 2.7 is considered comparable to a UK 2.2. ... A Level or CAPE grades will also be considered alongside degree scores.

Buy WAEC January February GCE Form Online ? WAEC ...

How much is WAEC and NECO?

It is no news that many schools in Nigeria (especially private secondary schools) charge up to 50,000 naira and even above for waec registration in their respective centres. The normal price for WAEC SSCE Enrollment fee fixed by waec is within N13,950.
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West African Senior School Certificate Examination - Wikipedia

What Mark is a1 in Waec?

WAEC grading systemGradesDefinitionInterpretationA1Excellent80% - 100%B2Very good75% - 79%B3Good70% - 74%C4Credit60%- 69%5 more rows

NECO Original Result Slips & Certificate Collection Payment ...

How much is an original NECO certificate?

NECO SSCE External Candidates Original Result Slips Cost: The Sum of One Thousand Naira Only (N1,000). NECO SSCE External Candidates Issuance of Original Certificate Cost: The Sum of One Hundred Naira Only (N100).
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GED equivalent in the UK? - Expat Forum For People Moving ...

What is the GED equivalent to in England?

There isn't a GED equivalent, as the UK does not have a standard school-leaving test or qualification. High school students can take a number of different "A-levels", "International Baccalaureate", "Scottish Highers", "National Vocational Qualifications", etc.
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South African matric [Archive] - PPRuNe Forums

What is matric equivalent in UK?

It's hard to compare precisely. Matric covers a broad range of subjects like GCSEs do in the UK, which we write at 16. Matric is written at 18 and probably to a slightly higher standard than GCSE level but definitely below the A-Level exams we do at 18, when normally we only do 3-4 subjects.
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Which universities in England allow attendance with only a GED ...

Do UK universities accept GED?

Many UK universities will accept a high school diploma a with a high enough GPA and if a GED is equivalent then that would probably be accepted. ... Some American universities have a campus in the UK, the most well known is Richmond, the American International University in London.
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