PTDF Scholarship Past Questions and Answers 2024 Download PDF | Petroleum Technology Development Fund

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PTDF Scholarship Past Questions and Answers PDF 2024. The Petroleum Technology Development Fund Scholarship exams previous Questions is available for download here.

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PTDF Scholarship Past Questions

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PTDF Past Questions – Why Study It?

  • Through studying this material, you will be more enlightened about the exams
  • It will help build self-confidence
  • Questions are likely to repeat but maybe 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 Scholarship Past Questions

Indicate the correct option in each of the following questions

Development outside a given firm that 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

  • 0.33
  •  0.0001
  • 1
  • 10,000

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

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