UTME Economics Past Questions (2015)
This set of past questions from the UTME 2015 Economics examination provides an invaluable resource for students aiming to excel in their tertiary education entrance exams. It covers a comprehensive array of economic concepts, from fundamental microeconomic theories like consumer behavior and production to macroeconomic principles such as fiscal policy, unemployment, and international trade.
About This Exam
This set of past questions from the UTME 2015 Economics examination provides an invaluable resource for students aiming to excel in their tertiary education entrance exams. It covers a comprehensive array of economic concepts, from fundamental microeconomic theories like consumer behavior and production to macroeconomic principles such as fiscal policy, unemployment, and international trade.
Topics Covered
Exam Structure
- Question Formatmcq
- Total Questions50
- Estimated Duration17 minutes
- Difficulty LevelMedium
Learning Objectives
- •Understand key concepts in microeconomics, including consumer behavior, market structures, and theory of production.
Prerequisites
Basic understanding of economic principles and mathematical concepts is recommended. Familiarity with statistical methods is beneficial for certain questions.
Sample Questions
Get a taste of what to expect in the full exam.
One of the major problems of census in Nigeria is
inadequate skilled personnel
high dependency ratio
distortion of census figures
High cost of conducting census.
Structural unemployment is mainly caused by
a change in the consumption pattern
a change in the business cycle
decrease in the output level
Seasonal variation.
An indifference map is made up of a set of
consumers' total utility
consumer surplus
budget lines
indifference curves.
Geographical distribution of a population is affected by
low birth rate
the availability of skilled manpower
the availability of agricultural land
high birth ratenomic rent
The overall economic performance of a country can be assessed through
overlooking of its agricultural sector
employment estimates
national income estimates
balance of payment.
One of the major problems of agricultural sector in Nigeria is
low literacy level of farmers
small size of farms
pest attack on crops
inadequate modern farm implements.
Balance of trade shows the relationship between the
internal and external trade
total value visible import and Export
deficit and surplus balance of payments
total value of invisible import and export.
Training farmers on the improved farming techniques is the major activity of
intermediate workers
middlemen
extension workers
creditors.
Determine the median of 6, 10, 5, 12, 20, 18, 20 and 4
11
9.67
12.56
The supply of farm produce is mainly determined by
consumers' income
weather condition
population
consumers' taste.
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How to Prepare
Key Preparation Tips
- Review each question thoroughly, understanding the underlying economic principle being tested.
Mistakes to Avoid
- •Misinterpreting graphical or tabular data.
Success Criteria
Achieving a high score (typically above 70%) on this set of past questions indicates strong preparedness for the UTME Economics paper. Consistent accuracy across various topics is key.
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