NDA – Economics – 2002
This quiz consist of over 50 NDA Economics past questions and answers. The answers are well explained. Retake the quiz as many times as you feel the need. Success!
This is a timed quiz. You will be given 1200 seconds to answer all questions. Are you ready?
Given the following formula, obtain the velocity of money: MV = PT; where M is money, V is velocity of money, P is price and VT is transaction:
Which Of the following is a liability of commercial banks?
Statistics is used to interpret
Equilibrium is that level at which
There is unlikely to be a gain from international trade if:-
Economics is science which deals with
All except one is not an economic indicator
The basic problems of economics include
If planned savings exceeds planned investment the result will be
By standard of living, we mean:
In calculating the average age of cadets in the Nigerian Defence Academy , we make use of :
The terms of trade is the name given to the
International trade is regarded as being distinct from interregional trade because:
Mean, median, mode, variance and standard variation belong to the domain of
The basic economic problems of the society are
In a closed economy without government sector the national income is same as :
Which is the least liquid of the following assets of a commercial bank?
The concept of utility is highly emphasized in the theory of
One of the functions of the Central Bank of Nigeria(CBN) is to:
The importance of bar chart in statistics is that
The equilibrium market price is determined at a point where:
The concept of opportunity cost is important because
One reason why sometimes total consumption equals total income is that:
In economics, the concept of utility means:
The Federal Mortgage Bank of Nigeria (FMBN) was established in
Which of the following tends most to break the link between international prices?
The need to study Economics arose because of:
The difference between Gross Domestic Product (GDP) and Gross National Product (GNP). That:
Full equilibrium requires that
In its trade with the rest of the world a country will ten 'to specialize in the production of goods in
One of the following is a capital market instrument in Nigeria
Elasticity of demand can be defined as
Economies deals with excepts One of the following
The multiplier is the factor by which
The velocity of money is most affected in the short run by:
Commercial banks rank the largest type or financial institutions. The second largest financial institution consists of:-
Gross National Product at factor cost plus taxes less subsidies on expenditure is equal to:
NDA - Economics - 2002
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