PTDF Scholarship Past Questions and Answers PDF. The Petroleum Technology Development Fund Scholarship exams previous Questions is available for download here.
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Need to Study PTDF Past Questions
- Through studying this material, you will be more enlighten about the exams
- It will help build self-confidence
- Questions are likely to repeat but may be rephrased
- It will help you examine your current preparation level and possible ways to improve
- When writing the exams because you studied the past questions, you will be answering with experience.
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Free PTDF Past Questions
Indicate the correct option in each of the following questions
Development outside a given firm which reduce the firm’s costs are called
- internal economies
- external economies
- external diseconomies
- optimum effects
I x represents the factors of production and Y represents the price factor. which of the following sets of association is correct?
- (land, rent), (capital, wage), (labour, profit)
- (capital, profit), (land, interest), (labour, wage)
- (land, wage), (capital. interest), (labour, rent)
- (land, rent), (capital, interest), (labour, wage)
If at 10k per kg, 1000kg of yam were purchased and at 5k per kg, 1500kg were purchased, the resultant point elasticity of demand is
A situation in which all inputs are doubled and output also doubled is known as
- constant proportions
- constant returns
- increasing returns to scale
- constant returns to scale
Economic goods are termed scarce goods when they
- not available in sufficient quantities to satisfy all wants for them
- not produced in sufficient quantities to satisfy the effective demand for them
- of high quality
- of primary importance in satisfying the needs of society
Which of the following situations will give rise to economic problems?
- unlimited human wants
- wants of varying importance
- limited means for satisfying wants
- means used indifferent ways