UTME CBT FREE Practice Test

Hello and Welcome to UTME CBT FREE Practice Test – Economics

You are to attempt 40 Objectives Questions ONLY
Time allowed is 25 minutes.
Aim to Score 70% and Above
Questions attempted with Answers and Step-By-Step Explanations will be displayed on screen immediately after submission.
Supply Your Full Name in the text boxes below.
Click the Next button to Begin

Name

Location (City/State)

email address:

1.

Statutory organisations usually established by Acts of Parliament are called ______

A. public corporations B. Cooperative societies C. joint-stock companies D. public enterprises

A B C D

1 out of 40

2.

Which is an example of an invisible item in the Trade Account of Ghana?

A. Export of cocoa from Ghana
B. Import of oil from Nigeria
C. A gift of a Peugeot 504 by a firm in Nigeria to another firm in Ghana
D. Payment for shipping and insurance by a Ghanaian company to companies outside Ghana.

A B C D

2 out of 40

3.

To compare the standard of living among nations, the most widely used economic indicator is the

A. real domestic output
B. real gross national income
C. real per capita income
D. per capita nominal income

A B C D

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UTME CBT FREE Practice Test – Economics (Questions with Answers and Explanations)

Published by ASSURE on November 24, 2022November 24, 2022

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