NATIONAL  ECONOMICS  OLYMPIAD (NEO) 2022 – FUS-FIRST ROUND

NATIONAL ECONOMICS OLYMPIAD (NEO) 2022 – FUS-FIRST ROUND

7th - 12th Grade

60 Qs

quiz-placeholder

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 NATIONAL  ECONOMICS  OLYMPIAD (NEO) 2022 – FUS-FIRST ROUND

NATIONAL ECONOMICS OLYMPIAD (NEO) 2022 – FUS-FIRST ROUND

Assessment

Quiz

Business

7th - 12th Grade

Hard

Created by

KAYODE ADEWALE

Used 11+ times

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60 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 If Smith can produce 40 shoes or 30 boots per day and Jones can produce 50 shoes or 40 boots per day, Jones has a comparative advantage in producing

shoes

boots

neither shoes nor boots

both shoes and boots.  

 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Each martian has one, two or three tentacles on its head. Exactly 1% of the martian population consists of individuals with three tentacles, exactly 97% comprise of Martians with two tentacles and the remaining 2% consists of individuals with one tentacle. How many percent of Martians have more tentacles on their head than the average of the whole Martian population ?

1%

3%

97%

98%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. Alicia earns N2000  per hour, of which 1.45% is deducted to pay local taxes. How many Naira per hour of Alicia's wages are used to pay local taxes?

0.029

0.29

2.9

29

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Elections in Herbville were held. Every voter who voted for the Broccoli Party had already eaten broccoli. 90 % of the remaining voter who voted for other parties had never eaten broccoli. How many percent did the Broccoli Party get in the elections, if precisely 46% of all voters attending the elections had eaten broccoli ?

40%

41%

43%

45%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All the tickets in the first row in a cinema were sold. The seats are numbered consecutively starting with 1.  An extra ticket was sold for one seat by mistake. The sum of the seat numbers on all tickets sold for that row is equal to 857. What is the number of the seat for which two tickets were sold?

4

16

25

37

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Edward has 2017 notes of the denominations N10, N50, and N100. If he puts aside one of the N100 notes, he is left with twice as many N10 notes as  N50 notes and twice as many N50 notes as N100 notes. How many N100 does Edward have?

280

572

289

1153

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Bertha has 6 daughters and no sons. Some of her daughters have 6 daughters each, and the rest have none. Bertha has a total of 30 daughters and granddaughters, and no great-granddaughters. How many of Bertha's daughters and grand-daughters have no children?

22

23

24

26

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