Precious secondary school, aramoko ekiti
PRECIOUS SECONDARY SCHOOL, ARAMOKO-EKITI
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| PRECIOUS SECONDARY SCHOOL, ARAMOKO-EKITI
PROMOTION EXAMINATION FOR 2016/2017 ACADEMIC SECTION SUBJECT: ECONOMICS CLASS: SSS ONE DURATION: 1hour INSTRUCTION: Answer all questions. Population can naturally change in ____ and _____ (a) birth and development (b) growth and development (c) birth rate and death rate. We economize in the use of resources because resourcesare (a) plentiful (c) unlimited (c) not enough. Economics teaches us that wants are (a) limited (b) scarce (c) unlimited. _____ is an orderly arrangement of information showing the relationship between the variable (a) graph (b) charts (c) tables. When you make a choice provide one want as against several competing ones, how have you arrive a your choice (a) by pure imagination (b) by money (c) by selecting according to relative importance. Census are taken I every _____ years (a) 15 (b) 10 (c) 20. Mobility of labour is divided into ____ and _____ (a) geographical and labour force (b) occupational and geographical mobility (c) occupational and labour force. Which of the following is not a type of demand (a) price (b) derived (c) competitive. One of the following is not one of a basic concept in economics (a) wants (b) money (c) scarcity. Production ends when good and services are (a) sold in the market (b) packed and labeled (c) used by the consumers. One of these factors does not affect supply (a)choice (b) price (c) weather. Another name for wholesaler is ____(a) middle men (b) directors (c) exporters. All these are chains in distribution of good except (a) information management (b) inventory management (c) assembling process ______ preserves products and enable easy handling especially of perishable goods (a) ware house (b) packaging (c) deport servicing. He gives the producers vital information regarding the market situation ofthe products he deals in is the function of ____(a) wholesaler (b) retailer (c) customer care. ______ is the lost link in the chain of distribution of good (a) retailers (b) manufacturers (c) wholesaler. Money can be define as _____ (a) anything that is generally acceptable for the purchasing of goods and setting of debts (b) cheques issued against demand deposit (c) currency note issued by the commercial banks. Which of the following is a legal tender in Nigeria (a) naira (b) dollar (c) pound sterling The significance of money in the modern economic system is that (a) it causes inflation and deflation (b) it has eliminated trade by batter (c) it is said to be at root of all evil. The most important characteristic of money is its (a) acceptability (b) portability (c) usefulness. SECTION B (a) Define the term money. (b)List five functions of money. What is inflation? (b) List five cause and effect of inflation. List five functions of wholesaler and two functions of retailer to the distribution of goods. What is population? (b) Explain the term population census. Download 70.95 Kb. Share with your friends:
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