1. The boy was.....by snake early this morning.
A. beaten
B. bitten
C. bit
D. bite
2. It is desirable that you....there when he arrives.
A. be
B. are
C. will be
D. should be
3. If I...in Udenta's position, I would go into politics.
A. am
B. was
C. were
D. be

4. A proforma invoice is sent to inform a buyer about the
A. quantity of goods
B. prices of goods
C. designation of goods
D. quality of goods
5. The significance of money to modern economic systems is that it
A. is used as a means of payment
B. promotes specialization and exchange
C. measures value and promotes exchange
D. causes inflation and deflation in the economy
6. One way by which government reduces the repatriation of capital is through
A. nationalization
B. divestiture
C. indigenization
D. naturalization

7. A special election organized to decide on a political issue is known as
A. plebiscite
B. by-election
C. general election
D. primary election
8. Which of these was the main organ of the defunct OAU?
A. the Liberation Committee
B. the Council of Ministers
C. the Commission for Mediation, Conciliation and Arbitration
D. the Assembly of Heads of State and Government
9. Fascism originated from
A. Greece
B. Italy
C. China
D. Germany

10. A major difference between a state-owned enterprise and a private enterprise is that the form
A. is not expected to cover its cost of production while the latter is
B. is not always expected maximize profits while the latter is
C. has shareholders while the latter does not
D. has board of directors while the latter does not
11. The main handicap of sole proprietorship is
A. limited liability
B. lack of technical know-how
C. low profit margin
D. inadequate capital
12. Taxes and government expenditures are instruments of
A. monetary policy
B. tax policy
C. economic policy
D. fiscal policy