NECO Economics Questions and answers Objectives/Essay for Exams available. The National Examination Council, NECO Economics Objectives and Theory Answer tips (Paper 1&2). Get correct Likely Economics NECO Expo/Runs below.
Economics Questions and answers for NECO SSCE Exams and how to answer exams Questions without stress are provided here. This article also have NECO Economics Past Questions and answers for practice for interested.
The National Examination Council, NECO Economics exams questions papers and other related materials are adequately provided for candidates on Time. The Solutions to Questions and Answers for NECO Economics Objectives and theory papers.
Updates on NECO Economics Objectives and Theory Papers
The National Examination Council, NECO Economics exam booklet will consist of two (2) Sections (paper I and II). Do not open the booklet until you are told to do so. While waiting, write your Name and Examination Number in the spaces provided at the top right-hand corner of this booklet.
Answer Paper I on your objective test answer sheet. Paper II is expected to last for1 hour. On completion of Paper I, the objective test answer sheet will be collected. Candidates will answer Paper II on their answer bookle
2025 NECO Economics Objectives Questions and answers PDF
The Likely NECO SSCE Economics Objectives Exams Questions and answers are not yet updated. We are working hard to ensure that the latest updates on NECO Economics exams are provided here.
Practice Past Questions and Answers:
1. Entrepreneur is associated more with
- A. profit sharing
- B. production of beverage
- C. profit making
- D. capital management
- E. risk bearing
Correct Answer = E (Risk bearing)
- A. industrial financing
- B. maximization of local value added
- C. promotion of export oriented industries
- D. promotion of import oriented industries
- E. provision of economic and social infrastructures
Correct Answer: B (maximization of local value added)
3. Which of the following is a determinant of elasticity of supply?
- A. Consumer’s income
- B. Degree of necessities
- C. Durability of the product
- D. Number of uses of the commodity
- E. Proportion of income spent on the product
Correct Answer= C ( Durability of the product)
4. The marks obtained by 9 students in a class test are recorded below: 9, 8, 7, 5,7, 6, 8, 9 and 7. What is the median mark?
- A. 7
- B. 8.5
- C. 8
- D. 7.5
Correct Answer: A (7)
5. A country is described as developing if
- A. the income per head is low
- B. there is low labour supply
- C. the population is decreasing
- D. the contribution of tertiary sector to national income is high
Correct Answer: A (the income per head is low)
6. When more of tax on a product is borne by the buyer than the seller, the commodity involved has
- A. elastic demand
- B. perfectly inelastic demand
- C. fairly inelastic demand
- D. perfectly elastic demand
Correct Answer: C (fairly inelastic demand)
NECO Economics theory Questions
The likely Essay Questions and answers for NECO Economics exams is not yet Available for candidates. We will equally provide some available updates on the Economics theory paper.
1a. Define Gross Domestic Product (GDP)
b. Describe the output approach as a method of computing national income
c. Identify any three problems associated with the expenditure approach of calculating national income
2a. Differentiate between a sole proprietorship and a partnership
b. List four characteristics of a sole proprietorship
c. Outline four advantages of a public limited liability company.
Economics Expo/Runs for NECO SSCE Exams 2025
The National Examination Council, NECO exams is for candidates that are fully prepared. The likely NECO objectives and Theory Expo are to guide you on how to answer the NECO exams Questions.
The following hints are very useful while attempting questions in the exams hall:
- Pray before the commencement of the NECO Economics exams
- Avoid every disturbance before and during the exams
- Read the instructions provided on the questions paper accordingly
- Call the attention of the invigilators where there’s confusion
- Read the objectives questions at least three times before chosing your answer
- Start with the Questions you know best on the theory section.
- Make sure your handwriting are readable
- Cross-check your work before submitting them.
Thanks, that all concerning NECO Economics Questions and answers Objectives/Essay. Use the comments section below for your Questions.
