Ordinary level 2023 south west regional mock Economics 1

Ordinary level 2023 south west regional mock Economics 1

Ordinary level 2023 south west regional mock Economics 1

A. Monopolistic competition
B. Oligopoly
C. Perfect competition
D. Monopoly- – – —
There are many advantages that cheques have ns a
means of payment. Which of these is one of them?
A. Banks prefer cheques to money
B. Cheques are a legal tender
C. There is reduced risk of carrying money
D. Cheques are generally acceptable
9. A costumer deposit 150000FCFA in a commercial
bank. Given a cash ratio of 10%, what is tire maximum
loan this bank can create?
A. 1,000,000 FCFA
B. 1,500,000 FCFA
C. 150,000 FCFA
D. 1,500 FCFA
:0. Which of the following instruments can enable the
government to borrow internally?
A. cash Ratio
B. Open market operation
C. Funding
D. Moral suasion
. Crude oil exploited by SO.NA.RA in Limbe is an
example of:
mA

Quantity(Units) ,
o 20 40 60 eo
26. If the government fixes a maximum price of 10 francs
per loaf of bread, what is the.money value of the excess
demand?
A. 1,200 CFAF
B. 1,600 CFAF
C. 400 CFAF
P. 600 CFAF.
27. Which of the following is
industrialization in Cameroon?
A. Lack of raw material
B. Political stability
C. High taxes
P. Low rate of interest
. Which method of measuring national income involves
summing up the total value added at each stage of
production?
A. Income method
B. Output method
C. Expenditure method
P. Value added method
29 What name is given to an organisation of persons with
‘
a common initiative for the main purpose of pulling
their financial resources for the mutual benefit of its
r
members?
A. A Customs Union
B. A Partnership
C. A Credit Union
p. A Joint Stock Company.
30. Which of the following factors will influence economic
growth in Cameroon?
A. High mobility of labour
B. High standard of living
C. Education and training
P. Improved life expectancy
31 . Which of the following organisations is the successor
of the General Agreement on Tariff and trade.
!1
B. Labor
C. Capital
D. Entrepreneur —-
The form of trade whereby a consumer obtains a good
of first installment, and pays the rest
a limitation to
12
upon payment
later usually in installments is called:
A. Trade credit
B. Hire-purchase
C. Spot market
P, Future market
23 A parent who has six children in
gave the following pocket allowances to them at the
start of the school year 12,000 CFAF 11,000 CFAF,
8 000 CFAF, 9,000 CFAF, 16,000 CFAF and 10,000
CFAF. What is the arithmetic mean of the allowances?
A. 8,000 CFAF
B. 10,500 CFAF
C. 11,000 CFAF
p. 9.000 CFAF.
does the following formula measure
28
different colleges
in
24. What
economics?
Index of export prices 100
X
index of import prices 1
A- Balance of trade
B . Balance of payments surplus
C. Terms of trade
p, Balance of Payments deficit
?5 What does the expression “Limited Liability mean in