economics

The Organization of Petroleum Exporting Countries (OPEC) is a?

A. cartel B. duopoly C. monopoly D. monopsony Correct Answer: Option A A. cartel

6 years ago

Small enterprises finds it difficult to expand due to?

A. inadequate capital B. lack of skilled manpower C. the high level of technology required for expansion D. their inability…

6 years ago

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

A. farmers B. manufacturers C. estate agents D. transporters Correct Answer: Option B B. manufacturers

6 years ago

Mono-product economies are those that produce?

A. only intermediate products B. petroleum products C. agricultural products D. one main commodity Correct Answer: Option D D. one…

6 years ago

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: Option B B. structural

6 years ago

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…

6 years ago

Commercial banks settle their inter-bank indebtedness through?

A. merchant banks B. central banks C. development banks D. stock exchange Correct Answer: Option B B. central banks

6 years ago

Foreign exchange control in most West African countries is enforced by the?

A. development banks B. Merchant banks C. ministry of economic planning D. Central banks Correct Answer: Option D D. Central…

6 years ago

Inflation can best be checked by?

A. allowing supply to remain constant B. decreasing supply and increasing wages C. increasing supply and holding wages constant D.…

6 years ago

Shares and stocks can be bought in the?

A. Commodity market B. Stock exchange C. Money market D. Open market Correct Answer: Option B B. Stock exchange

6 years ago