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CBT TEST

ECN 207 CBT PRACTICE

 

Take your time to read instructions before taking this test.

 

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There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

 

If you can get at least 60%, you can be rest assured that you’ll ace ECN 207 exam

 

PS

 

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

 

Note

 

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

 

Please do well to use our comment box incase there’s a message you want to pass to us

 

70 – 100 A

 

60 – 69 B

 

50 – 59 C

 

45 – 49 D

 

40 – 44 E

 

0 – 39 F

 

I wish you success

 

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I remain your favorite education blogger

 

❤️ Undergragra

ECN 207

1 / 40

1. Excessive money supply leading to a balance of payments deficit results in:

2 / 40

2. The Urban Development Bank of Nigeria focuses on:

3 / 40

3. Which region of Nigeria is most associated with crude oil production?

4 / 40

4. A progressive tax system aims to

5 / 40

5. What policy was introduced to stabilize the Nigerian economy during the 1980s?

6 / 40

6. Development banks differ from commercial banks by:

7 / 40

7. Which institution is primarily responsible for monetary policy in Nigeria?

8 / 40

8. The Nigerian Agricultural and Cooperative Bank (NACB) primarily supports:

9 / 40

9. Equitable distribution of income implies:

10 / 40

10. Nigeria’s current minimum wage impact is suboptimal because:

11 / 40

11. Open market operations in monetary policy involve:

12 / 40

12. Price stability as a goal of monetary policy aims to:

13 / 40

13. Commercial banks in Nigeria primarily distinguish themselves by

14 / 40

14. A decreasing returns economic structure involves

15 / 40

15. Which sector was the mainstay of the Nigerian economy during the pre-colonial era?

16 / 40

16. The Nigerian Export-Import Bank (NEXIM) was created to:

17 / 40

17. What is one significant impact of the oil sector on the Nigerian economy?

18 / 40

18. A robust production structure can drive growth by:

19 / 40

19. The primary goal of monetary policy is to manage:

20 / 40

20. Merchant banks are also referred to as:

21 / 40

21. The Central Bank of Nigeria (CBN) was established in:

22 / 40

22. A balanced balance of payments means that:

23 / 40

23. What is a major challenge in the Nigerian agricultural sector?

24 / 40

24. Monetary policy is primarily implemented by:

25 / 40

25. Bidirectional causality in institutions and economic structures means:

26 / 40

26. The main function of the Central Bank is:

27 / 40

27. Institutions of production include

28 / 40

28. Economic growth under monetary policy focuses on:

29 / 40

29. Structural unemployment in Nigeria is triggered by:

30 / 40

30. What is a major effect of the Structural Adjustment Program on the Nigerian economy?

31 / 40

31. A progressive tax system aims to:

32 / 40

32. What is the primary export commodity of Nigeria in the post-independence era?

33 / 40

33. Economic structures are fundamental because they:

34 / 40

34. Inclusive institutions in underdeveloped countries are limited due to:

35 / 40

35. What led to the structural transformation of the Nigerian economy in the 1970s?

36 / 40

36. Effective growth of non-oil sectors in Nigeria requires:

37 / 40

37. The primary purpose of the Federal Mortgage Bank of Nigeria (FMBN) is to:

38 / 40

38. Which of the following is a key issue affecting the Nigerian economy?

39 / 40

39. Full employment, as an objective of monetary policy, refers to:

40 / 40

40. Insurance companies contribute to economic development by:

Your score is

The average score is 48%

0%

Phil

Phil aka Undergragra is a Computer Engineering Graduate at the Federal University Oye-Ekiti. He is a lover of God, a passionate teacher, writer and an educational consultant.

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