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NECO SSCE ECONOMICS OBJECTIVE 2024 PAST QUESTION

NECO SSCE ECONOMICS OBJECTIVE 2024 PAST QUESTION


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Table of Content

About NECO SSCE

Full meaning of NECO SSCE

N - National
E - Examinations
CO - Council
S - Senior
S - School
C - Certificate
E - Examination

What is NECO SSCE

The National Examinations Council (NECO) Senior School Certificate Examination (SSCE) examination is done by students who just finished senior secondary school. It was the first federal body in Nigeria to provide academic candidates with discounted registration and it was ordered to assume the National Board of Education Measurement's duties (NBEM). The Senior Secondary Certificate Examination and the General Certificate in Education are conducted by National Examinations Council (NECO) every June/July and December/January of the year, respectively.

For more information, you can visit the NECO official website

How to check NECO SSCE Result

To check your NECO SSCE result, check the easy steps given in this post where we explained in detail step by step how you can check your NECO result online. Click here to check easy steps to check NECO result online

About ECONOMICS

Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses. The above definition was defined by Lionel C. Robbins.

This is an acceptable definition by everyone but there are other definitions by great economists.

Some of the world's great economists are Lionel C. Robbins, Adam Smith (Father of Economics), Alfred Marshall, Milton Friedman, Friedrich Hayek, John Maynard Keynes, David Ricardo, Paul Samuelson, Arthur Cecil Pigou, and William Stanley Jevons.

Important Topics In ECONOMICS

So here are the important topics in the Economics needed to pass NECO:

  • Definition and Scope of Economics
  • Theory of Production
  • Factors of Production
  • Demand
  • Supply
  • Money
  • Major Natural Resources
  • Public Finance
  • Theory of cost and Revenue
  • Business Organization
  • Population
  • Population Census
  • Financial Institutions
  • Theory of Price Determination
  • Industrialization
  • National Income
  • Theory Consumer Behavior.

Importance of Past Questions

Past questions are important in your studies to help you have an insight of how the exam looks like and how to face questions related to different topics covered in the subject examination to be taken

Excerpts From NECO SSCE ECONOMICS OBJECTIVE 2024 Past Questions


1. Opportunity cost is regarded as cost. 
    A. average 
    B. marginal 
    C. money 
    D. real 
    E. total 

2. The order of ranking needs according to their importance is ?
    A. choice. 
    B. opportunity cost. 
    C. scale of preference. 
    D. scarcity. 
    E. wants. 

3. Find the median of the following set of scores; 15,20, 18, 2 and 5. 
    A. 02 
    B. 12 
    C. 15 
    D. 18 
    E. 20 

4. The middle value when figures are arranged in ascending or descending order is ?
    A. mean. 
    B. median. 
    C. mode. 
    D. quartile. 
    E. range.

5. The core economic problem of a society is ?
    A. efficient ,use of resources. 
    B. how to produce. 
    C. resource allocation. 
    D. scarcity of resources. 
    E. where to produce. 

6. The most frequently occurring number in a set of data is ?
    A. mean. 
    B. median. 
    C. mode. 
    D. range. 
    E. variance. 

7. Determine the mean of the following set of numbers; 20, 30, 35,15 and 10. 
    A. 22 
    B. 25 
    C. 30 
    D. 38 
    E. 40 

8. The asset that is used up in the course of production is __________ capital. 
    A. business 
    B. circulatory 
    C. current 
    D. fixed 
    E. social 

9. The reward of a factor of production that cannot be fixed in advance is ?
    A. interest. 
    B. profit. 
    C. rent. 
    D. salary. 
    E. wage

10. In the long run production period, all factors of production are ?
    A. constant.
    B. fixed,
    C. marginal,
    D. negative, 
    E. variable. 

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