The primary objective of the money market is to raise
A. long term funds
B. medium term funds
C. short term funds
D. short and long term funds
Answer: C
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The growth of the producer of government service sector over the years was as a result of
A. Elections
B. Fiscal decentralisation
C. Increase in export earnings
D. Increase in oil price
Answer: B
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The Communication subsector of the economy consists of the means of
A. Sending and receiving messages
B. Calling your friends
C. Reading and Writing
D. Moving from one place to another
Answer: A
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One of the negative impacts of the Trans-Saharan trade on Nigeria was that
A. It promoted the growth of the desert ports
B. It involved slave trading
C. It introduced several consumable goods into the economy
D. It took Nigeria out of isolation from the rest of the world
Answer: B
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Infrastructure is conceptually perceived by social scientists from two interrelated dimensions, which are?
A. Micro and Macro dimensions
B. Social and Economic dimensions
C. Social and Micro dimensions
D. Economic and Macro dimensions
Answer: B
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Financial institutions can be broadly classified into two
A. Credit and Debit financial institutions
B. Non-bank and Credit financial institutions
C. Bank and Credit financial institution
D. Bank and non-bank financial institutions
Answer: D
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Electricity use in Nigeria dates back to
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Electricity is important for the development of any nation because, it
A. Serves as source of energy for domestic use only
B. Serves as source of energy for artisans only
C. Serves as energy source for the rich
D. Serves as a source of energy for industrial and commercial outfits as well as widespread domestic use
Answer: D
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Building Societies, Hire Purchase companies, Insurance companies, Pension Funds and investment Trust belong to the
A. non-bank financial institutions
B. Commercial sector
C. banking financial institutions
D. Insurance sector
Answer: A
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Economic Community of West African States (ECOWAS) , aims at
A. Promoting competition among member states
B. Promoting co-operation and development in all fields of economic activities
C. Promoting rivalry among member states
D. Promoting suprimacy among some member states
Answer: B
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