2019/2020 UNILORIN General Paper Post-UTME

The fundamental concept of Economics about resources is that the resources are

Consider a world without scarcity of resources. Then what would be the consequences?

Who is considered the father of Microeconomics?

Who is considered the founder of modern Macroeconomics?

When analyzing the impact of a variable on the economic system, the other things

Inputs are combined with technology to produce outputs. The fundamental inputs (also called factors of production) are

Goods produced to produce yet other goods is called

Which economic term is used to represent inequality in income distribution?

The value of the good service forgone by choosing another investment is called

The central role of markets is to determine the

The branch of economics concerned with the overall performance of the economy is known as

The branch of economics concerned with the use of statistical methods to obtain empirical results for economic relations is known as

The branch of economics concerned with the behavior of markets, firms, and households is known as

An economy is producing efficiently when no individual’s economic welfare can be improved unless

Taxes are used to discourage_____ of a commodity

Subsidies are used to encourage ______of a commodity

Which from the following economic resource cannot be converted into a commodity?

Which from the following are features of a modern economy?

When no firm or consumer is large enough to affect the market price, the market is assumed to have

Which from the following are the result of imperfection competition in the markets?

The main source (s) of generally accepted Accounting principles (GAAP) is/are:

What standards are used to prepare financial statements by most of the countries and companies

The correct form of Accounting equation is

A company sold goods worth $5,000 on 5 June and $10,000 on 28 June. The company received the first payment on 25 June and second on 7 July. The company prepared the financial statement on 30 June. What would be the total sale on the financial statement?

Advance payments are recognized as

The judicial order requiring a detained person to be brought before a judge is the writ of

A political party can contest and win a widely accepted election if it has

Political parties aim at all the following except

Which of the following is not a means through which political parties reach the populace?

An association whose ultimate aim is to influence government policies is known as

Membership of pressure groups is usually limited because they

Elections are conducted to

Power is transformed into legal authority through

Conventions are mostly used by states that have

One advantage of a flexible constitution is that it

A constitution that requires complicated procedure for its amendment is

The official who enforces discipline among members of his party in parliament is the

When an action of the executive is declared ultra vires, it is a control exercised by the

One of the features of an absolute monarch is that the ruler

A notable feature of cabinet system of government is

_____ refers to the structure of the work of art

Conflict in a literary work begins to unfold with

The character assumed by the author in his writing is

Oral literature is part of

Poetry is written in

Poetry is written in

The _____ produces comic relief in drama

A short play is also called a

Read the stanza and answer the question

For days I wept and felt depressed
The one and all I loved had left
But then on me, our Bill impressed
‘Your love is where she looks bereft’

The rhyme scheme is

Read the stanza and answer the question

For days I wept and felt depressed
The one and all I loved had left
But then on me, our Bill impressed
‘Your love is where she looks bereft’

The lines are iambic