O level south west regional mock gce 2022 economics 1

O level south west regional mock gce 2022 economics 1

O level south west regional mock gce 2022 economics 1

Freedom of choice and
characteristic of;
A. Traditional
B. Mixed economy
C. command economy
D. market economy
2. To make a choice we need;
A. Unlimited wants
B. Limited wants
C. scale of preference
D. an opportunity cost
3. The marks scored by a student in a test are as
follows; 50, 75, 45, 30, .50, 60, 40. The mark
range will be;
A. 10 B. 45 C. 30 D. 50
C. public enterprise
D. partnership business
10. Which of the following shareholders receive
rewards after all others have been paid?
A. ordinary shareholders
B. debenture holders
C. participating preference shareholders
D. cumulative preference shareholders
11. When Dangote cement factory merges with
Brasseries du Cameroun, it is an example of;
A. horizontal integration
B. conglomerate integration
C. vertical integration
D. lateral integration
12. One reason for the continuous existence of
small firms is;
A. to reduce cost
C. to spread risk
13. The optimum output of a firm is attained when;
A. average cost is lowest
B. average cost is highest
C. average cost.is constant
D. average cost is falling
enterprise is a
economy
4. A country with a population of 4000000 people
registers 180000 births and 100000 deaths in a
year. Calculate the natural growth rate of the
country.
A, 20%o
B. to avoid risk
D. to raise revenue
B, 20% C, 2%0 D, 2%
5. Which of the following is a preventive check
proposed by Malthus?
A. Abstinence
C. War
B. .famine
D. Misery
6. The age distribution of a population will help us
determine;
A. the sex ratio
B. the dependency ratio
C. the optimum population
D. the population structure
14. The most important function of the retailer to
the consumer is:
A. exposing a variety of goods
B. warehousing of goods
C. bulk breaking
D. provision of credit facilities
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15. Which if the following is a reason for direct
dealing?
A. few retailers
B. retailers buy in bulk
C. the desire to break even
D. goods are perishable
16. The path through which commodities from the
producer reach the final consumers is referred
to as;
A. production channel
B. retail channel
C. consumption channel
D. distribution channel
7. Given that xyz PLC issued 50 preference shares
at 40000FCFA and 150 ordinary shares at
10000FCFA per share; what is the total
ordinary share capital?
A. 1500000FCFA
C. 400000FCFA
•8. Which of the following documents legally
permits a public limited company to start
business?
A. prospectus
B. certificate of trading
C. article of association
D. certificate of incorporation