WASSCE Practice Test

Hello and Welcome to WASSCE Practice Test - Economics

You are to attempt 50 Objectives Questions ONLY
Time allowed is 35 minutes.
Aim to Score 70% and Above
Questions attempted with Answers and Explanations will be displayed on screen immediately after submission.
Supply Your Full Name in the text boxes below.
Click the Next button to Begin

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1.

Which of the following best explains what to produce?

A. How much goods are to be produced.
B. The combination of resources to be used.
C. Which goods and services to be produced.
D. How many wants are to be satisfied.

A B C D

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2.

The term ‘Near money’ is best described as _______

A. a financial instrument that is readily convertible to cash
B. government financial instrument that is-convertible to cash
C. time deposits with low interest rates
D. a financial asset that is convertible to cash

A B C D

2 out of 50

3.

Demand pull inflation can aptly be described as _____

A. inflation induced by rising costs of production.
B. reduction in government expenditure.
C. persistent rise in prices due to increase in expenditure.
D. massive importation of goods from a country with hyperinflation.

A B C D

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WASSCE Practice Test – Economics (Questions with Answers and Explanations)

Published by ASSURE on June 3, 2025June 3, 2025

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