cameroon gce ordinary level June 2022 economics 1

cameroon gce ordinary level June 2022 economics 1

cameroon gce ordinary level June 2022 economics 1

An appropriate strategy to encourage
industrialization in Cameroon is:
A Grant tax holidays to new industries
B Employ foreign labour force in the
industry.
C Close down training centres to lay
emphasis on production.
D Discourage export of agricultural
products.
1 .
A A
bank customer, Mary, has 70,000FCFA in
her current account at BICEC and she is
allowed to withdraw I 20.000FCFA.
Determine the amount of over draft given to
her.
A 50,000FCFA.
B 70,000FCFA.
C 120,OOOFCFA.
D 190,000FCFA.
9.
If the government sets the price of a good
below equilibrium, it will lead to:
A Excess supply over demand.
B Excess demand over supply.
C Decrease in demand.
D Increase in supply.
2.
How much will a Cameroon businessman
require to buy a car in FCFA, given that the
said car cost 1000 pounds and where 1 pound
= 600FCFA?
A 6,000FCFA.
B 600,000FCFA.
C 60,000FCFA.
D 6,000,000FCFA.
A gradual fall in the value of fixed assets over 10.
time is known as:
A Capital formation.
B Capital replacement.
C Capital depreciation.
D Capita ] maintenance.
J.
The quality of money which ensures that all
transactions are made possible in an economy
4.
Roads, national defence and street lights are
good examples of:
A Consumer goods.
B Merit goods.
C Public goods.
D Free goods.
At what price will a consumer be able to buy 8
apples, given that, the demand function
P = 240 -5Q. Where P is price in FCFA and Q
is quantity of the apples.
A 232FCFA.
B 280FCFA.
C 240FCFA.
D 200FCFA.
I I .
is:
A Divisibility.
B Portability.
C Durability.
D General acceptability.
The basic economic question concerned with 12.
the distribution of goods and services is:
A For whom to produce.
B Where to produce.
C How to produce.
D What to produce.
5.
A government policy achieved by setting
minimum and maximum prices is known as:
A Monetary policy.
B Physical policy.
C Fiscal policy.
D Regional policy.
6.
13. 1he theory which has a pessimistic view on
the rapid population growth, was proposed by:
A ‘ Thomas Malthus
B Adam Smith
C Esther Boserup
A likely economic problem that will results D John Stuart Mill
when outputs of some firms become the inputs
of others in national income accounting:
A Stock appreciation.
B Stock ‘ depreciation .
C Double counting.
D Black economy.