2017 ECONOMICS TRIAL QUESTION

[26/02 10:56] ‪+234 817 042 4491‬: 2017 ECONOMICS TRIAL QUESTIONS

1.a) Distinguish between underemployment and disguised unemployment.

b) Outline any four measures that can be adopted by the government of your country to solve the problem of unemployment.

  1. (a)  What is meant by the value of money?

(b)  State any four qualities of money.                        

(c)  Explain the motives for holding money.

  1. a)   Define supply.

(b)   With the aid of a diagram, explain what is meant by a change in supply.

(c)   Explain any three factors that cause changes in supply.

  1. a)    What is a customs union?

(b)    Explain any four ways in which a customs union can speed up the economic growth of its members.

  1. a)     What is subsistence farming?                                                             
       b)    State any two objectives of agricultural policies in West Africa. 

   c)    Outline any four ways through which agricultural production can
be improved in West Africa.

  1. a)   Briefly explain the following concepts:

i) Economic development;
ii) Economic development planning.

(b)   Highlight any five reasons why the West African countries engage in development planning.

  1. a)   What is a minimum rwage?                                                                 
      b) Distinguish between money wage and real wage.                             
       c) Outline any four reasons for the difference in wages paid to different categories of workers.

  2. a)   Highlight any four features of cooperative societies.            
      
    b)   Identify any four sources of finance available to business enterprises in your country.

  3. a)  Distinguish between a merchant bank and a commercial bank.        
     
    b)  Outline any four functions of a merchant bank.  

  4. a)     What are external economies of scale?                                  
       b)   Describe any four external economies of scale.                                 
      
    c)   State any three limitations to the growth of firms.

   
[26/02 10:57] ‪+234 817 042 4491‬: 2017 BUSINESS MANAGEMENT TRIAL QUESTIONS.

Read the case below carefully and answer the questions which follow.

Giant Company Limited has two subsidiaries operating in the construction and communication industries. each of the companies has its own management team
who are responsible for the day-to-day operations. the communication company operates in major cities while the construction company is engaged in the construction of feeder roads in the rural communities the construction company had its headquarters in the city. Whilst the communication company is booming, the construction company is not doing well. the communication company adapted to the changes in the industry. For example, it added
internet and mobile telephone services to its fixed line operation. the company also adopted aggressive marketing strategies to be ahead of the competition in the industry. also engaged in corporate social responsibility activities and won the best citizen awards in
two consecutive years.
As a result of keen competition in the construction industry, the managing director unilaterally relocated the headquarters of the
construction company to one of the rural communities in which it operates. this created a problem for some key employees with large family in moving to the new location. Besides losing some of its staff, the construction company had to provide some basic infrastructural facilities at the new
headquarters. Two big electrical generators were also purchased for the new headquarters. These and other related expenses increased the running cost and hence reduction in profitability.

1.(a) State four(4) factors that Were
responsible for poor performance on the
construction company,
(b) Explain four(4) advantages the
communication company can derive by
operating in the cities
(c) i ) identify the leadership style ofthe
managing director ofthe construction
company
ii) state three(3) qualities ofthe leadership
style exhibited by the managing director of the
construction company,
(d) suggest two (2) measures the construction
company can take to improve on its
performance,
2, (a) What is a product life cycle?
(b) Describe the stages ofa product life
cycle
3. (a)State three(3) rights of an unpaid seller
(b) Explain six(6) duties of an agent to his
principal,
4. (a) Differentiate between programmed
decision and non-programmed decision.
(b) Explain the roles played by EACH of the
following in business:
(i) Shareholder
(ii) employees
(iii) consumers
(iv)communities
5. (a)State five conditions necessary or the
dissolution of a partnership.

(b)0utline five differences between a
partnership and a limited company,

  1. Explain the following:

(i) direct tax
(ii) indirect tax

(iii)Progressive tax
(b) Explain three(3) objectives of taxation.
7.(a) Distinguish home trade from foreign
trade.

(b) Explain four ways used bythe
government to control international trade.
8. (a) Identify three objectives of
communication in an organization.

(b) Explain four(4) factors that influence the
choice of medium of communication in
organization.

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[26/02 10:57] ‪+234 817 042 4491‬: ENGLISH LANGUAGE TRIAL QUESTIONS

SECTION A (50 MARKS)
Answer one question only from this section. All questions carry equal marks.
Your answer should not be less than 450 words.
You are advised to spend about 50 minutes on this section.

  1. Your friend in another school has requested information about your school
    to enable him to decide on moving over to your school. Write a letter to him
    discussing at least three areas in which your school excels.

  2. Write an article for publication in your school magazine, discussing the
    reasons why children in your area drop out of school and suggesting ways of
    minimizing it.

  3. As the president of your youth club, write a letter to the chairman of your
    Local Government Association complaining about the increasing rate of child
    labour and suggesting ways of curbing it.

  4. You are the chief speaker in a debate on the topic: Women should not be
    in paid employment while still bearing children. Write your contribution for or
    against the topic.

  5. Write a story that ends with the words: That experience will linger on my
    mind for a long time.

SECTION B
COMPREHENSION (20 MARKS)

Dele groaned and got out of bed. There was no clock on the mantel piece
and the room was still dark, but he knew that he was already late for work,
probably by an hour.
He was a commercial bus driver and had to get started as early as 5.00a.m.
and go almost non-stop till about 9.00 p.m. to be able to make the daily
returns that the bus owner demanded.
On the previous day, he had attended an all-night party – a late uncle’s
burial ceremony – where he had drunk himself almost senseless before
crawling home in the early hours of the morning.
Now, he got up shakily, splashed water on his face and hurried off to work,
but not before carefully fastening on his upper left arm the amulet he had
always worn for protection against accidents.
A similar amulet hung concealed under the steering column of his bus. On
his way, still feeling groggy, he caught his left toe against a stump and had
some misgiving. It was a bad sign, and he was supposed to go back home
and then set out again. But there was no time for that now, so he hurried on.
At the bus station, Dele quickly loaded his bus and sped off without any of
the necessary checks on the vehicle. He had to make up for lost time. It was
the rush hour, so the bus was overloaded as it often was, with many
passengers hanging on to the doors.
The tyres were threadbare, the brakes were faulty and the road was wet, but,
still feeling a little sleepy, Dele sped on. Many passengers protested about
his reckless driving, but he would not listen.
After all, didn’t he have protection against accident?
As the vehicle took the last turn before its destination, Dele saw a broken-
down truck blocking his side of the road. Under normal circumstances, he
could have brought the bus safely to a halt, bur the circumstances were far
from normal. The careering bus hit the parked vehicle, swerved wil

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