Why Cameroon GCE O Level & A Level Results Are Delayed and Require MoMo Payment
Why Cameroon GCE O Level & A Level Results Are Delayed and Require Mobile Money (MoMo) Payment
Everything You Need to Know About the Cameroon GCE Results Release Process
Why Are GCE Results Delayed?
The delay in the publication of the Cameroon GCE O Level and A Level results has been a recurring issue over the years. While the Cameroon GCE Board aims to release results within a reasonable timeframe, several factors contribute to delays:
Marking Process: Examiners take time to carefully assess and mark papers to ensure fairness.
Moderation and Standardization: The Board conducts multiple checks to ensure accuracy before releasing results.
Administrative Delays: Logistics such as result compilation, formatting, and verification can cause setbacks.
Technological Challenges: System updates and database management may lead to technical hitches.
Security and Fraud Prevention: The Board implements security measures to prevent result tampering or leakage.
Why Must Candidates Pay to Access Their Results?
In recent years, the Cameroon GCE Board has implemented an online result-checking system that requires candidates to pay a fee via Mobile Money (MoMo). Here are the key reasons for this change:
Digitalization of the Process: The Board is shifting from paper-based result slips to a digital format.
Revenue Generation: Funds collected help sustain the online platform and improve examination services.
Security Measures: Online access helps curb fraudulent result claims and forgery.
Convenience: Candidates can access their results instantly from anywhere without having to visit exam centers.
How to Check Your GCE Results Using MoMo
To access your GCE results online, follow these simple steps:
Dial the USSD code *126# (MTN) or *150# (Orange).
Select the GCE Results option.
Enter your Candidate Number and confirm.
Follow the prompts to complete the MoMo payment.
Once payment is confirmed, your results will be displayed and sent via SMS.
Concerns About the MoMo Payment System
Many candidates and parents have expressed concerns over the mandatory MoMo payment, including:
Additional Costs: Some believe accessing results should be free.
Network Issues: Mobile Money transactions can sometimes fail due to poor network coverage.
Fraud Risks: Candidates must ensure they use the official GCE Board payment channels to avoid scams.
Despite these concerns, the Board has assured that payments are secure and contribute to improving the efficiency of exam result distribution.
What Happens After You Receive Your Results?
Once you have accessed your results, the next steps include:
Collecting your official result slip from your school or exam center.
Applying for university admission if you meet the required grades.
Requesting a duplicate certificate if needed from the GCE Panel.
Final Thoughts
The transition to digital result-checking through Mobile Money is part of an effort to modernize the GCE examination process. While delays and payment requirements may be frustrating, they are necessary steps toward a more efficient and transparent system.
Your ultimate guide to understanding the Technical and Vocational Education (TVE) stream in Cameroon’s GCE O'Level examinations.
Mandatory Subjects
All candidates must take the following core subjects:
English Language
French
Mathematics
Streams of Specialization
The TVE stream offers various specializations that equip students with practical and theoretical knowledge. These include:
Accounting
Building Construction
Business Studies
Electricity
Fashion
Mechanics
Nutritional and Food Sciences
Office Work
Social and Home Economics
Subject Structure
Intermediate Level (O'Level)
Candidates must pass at least five subjects, including:
Two professional subjects
One related professional subject
Advanced Level (A'Level)
At the Advanced Level, candidates must take between six and eight subjects, including:
Three professional subjects
At least three related professional subjects
Paper Structure (Advanced Level)
Each specialty subject consists of three papers:
Paper 1: Multiple Choice Questions (MCQ)
Paper 2: Problem Solving/Essay
Paper 3: Practical Examination
Mathematics for Industrial Candidates
For students in industrial specialties, Mathematics is considered a related professional subject. Paper 2 of Mathematics has distinct sections catering to industrial and commercial candidates.
How to Prepare for the GCE O'Level TVE Examinations
To excel in the GCE O'Level TVE stream, candidates should:
Develop a study schedule covering all subjects.
Practice past GCE TVE exam papers.
Focus on both theoretical knowledge and practical skills.
Cameroon GCE Sanctions & Malpractices - Everything You Need to Know
Cameroon GCE Sanctions & Examination Malpractices
Introduction
The Cameroon General Certificate of Education (GCE) Board has strict policies to maintain examination integrity. Any form of malpractice is subject to severe sanctions, including result cancellation, bans, and legal action.
Common GCE Examination Malpractices
Bringing pre-prepared notes or materials hidden in clothing.
Writing notes on body parts, desks, or walls.
Using mobile phones or smart devices.
Paying someone else to sit for the exam.
Impersonation with fake IDs.
Collusion between candidates and invigilators.
Sanctions for GCE Examination Malpractices
Depending on the severity of the offense, the following sanctions apply:
Offense
Sanction
Possession of unauthorized materials
Cancellation of subject result
Colluding with invigilators
Cancellation of all results
Impersonation
Ban for up to 3 years
Bribing officials
Legal prosecution
How to Avoid Examination Malpractices
Follow these guidelines to ensure a smooth exam experience:
Arrive early and follow all exam regulations.
Avoid carrying unnecessary materials into the exam hall.
Report any suspicious activities to invigilators.
Legal Framework and GCE Examination Policies
The Cameroon GCE Board operates under strict legal guidelines. Violations can lead to prosecution under national laws. Learn more at GCE Panel.
Video Guide
Conclusion
Integrity in examinations ensures fairness and credibility. Always adhere to the guidelines to avoid sanctions and safeguard your academic future.
The General Certificate of Education (GCE) Board plays a crucial role in the administration and issuance of certificates and result slips for students in Cameroon. If you've recently written the GCE Ordinary Level or GCE Advanced Level, it's important to understand how results are communicated, how to collect your certificates, and what to do in case of lost certificates. This guide provides detailed information on all these aspects.
Availability of GCE Results
Once the GCE results are released, a results broadcast code-named Form G4/T4 is sent to each Registration Centre. This document includes the name of the candidate and the grades obtained in each subject. Additionally, individual statements of results (Results Slips) will be distributed to candidates through the Chief of Centre. Candidates do not receive their results directly from the GCE Board.
How to Inquire About Your GCE Results
If you have any concerns regarding your results, you must address them through your Chief of Centre, who will forward the inquiry to the GCE Board. The Board also communicates results to universities and other educational authorities when requested, without prior authorization from candidates.
How to Obtain Your GCE Certificate
Issuance of Certificates
Certificates are typically available six (6) months after results are published. They are sent to the Chief of Centre for distribution to candidates.
Candidates must collect their certificates personally or provide legal authorization for someone else to collect it.
External candidates must present their National Identity Card when collecting their certificates.
Certificates not collected by the end of March following the release of results will be returned to the GCE Board Headquarters in Buea or the Regional Office in Bamenda.
Important Conditions for GCE Certificates
Certificates remain the property of the GCE Board.
The Board reserves the right to withhold or cancel a certificate.
All passed subjects from the same exam session will appear on a single certificate.
Candidates who pass both Ordinary Level and Advanced Level in the same year will receive separate certificates for each level.
Lost GCE Certificates & Duplicate Requests
If you lose your GCE certificate or result slip, you can request a duplicate copy under the following conditions:
How to Apply for a Duplicate Certificate/Result Slip
Write an application addressed to the Registrar of the GCE Board.
Provide a Certificate of Loss issued by the police or another constituted authority.
Pay the duplicate certificate/result slip fee (amount determined by the Board).
Allow a minimum processing time of two working days.
Enquiries Upon Results & Review Requests
The GCE Board maintains strict policies regarding results review:
The marking of examination papers is final and binding.
Candidates or parents cannot directly request a remarking or review.
If a significant discrepancy exists between a candidate’s expected and actual performance, a review request can be made through the Chief of Centre.
Fees apply for review requests, and details can be obtained from the GCE Board.
Quick Access Links
For more details and assistance, visit the official pages:
Understanding how to obtain your GCE results, certificates, and duplicate copies is essential for students who want to move forward in their academic and professional careers. If you have any concerns, always contact the GCE Board or your Chief of Centre for accurate information. Stay updated by following GCE Panel for the latest updates and news on the Cameroon GCE Examinations.
The General Certificate of Education (GCE) Board of Cameroon plays a vital role in the evaluation of students' academic achievements. Established to ensure a fair and transparent examination system, the Board has undergone significant changes over the years. This article explores the history, evolution, and milestones of the Cameroon GCE Board, providing insights into its structure and impact on the country’s education system.
The Birth of the Cameroon GCE Board
1.1 University of Cambridge Local Examination Syndicate
Before Cameroon had its own independent GCE examination system, most secondary schools in Nigeria and Southern Cameroons followed the University of Cambridge Local Examination Syndicate (UCLES). This examination included three levels:
Junior Cambridge (taken in Form 4)
Senior Cambridge (taken in Form 6)
Higher School Certificate Examination (taken in Upper Sixth Form)
1.2 The West African School Certificate Examination
In 1954, Southern Cameroons withdrew from the Cambridge Examination system and adopted the West African School Certificate Examination (established in 1951). This continued until the Reunification of Cameroon in 1961, after which there was a need for a more localized examination system.
1.3 Transition to the University of London GCE Examination
Following reunification, West Cameroon adopted the University of London GCE Examinations in 1963. This examination system remained in place until 1976, when the Cameroon Ministry of National Education took over the administration of the exams.
The Cameroonisation of the GCE Examination
The move to fully localize the GCE Examination was a long-term goal of the Ministry of National Education. The process involved feasibility studies conducted jointly by British and Cameroonian experts. A key milestone was the January 5-6, 1976 meeting in Yaoundé, where the following aspects of the examination were defined:
The name and structure of the GCE Ordinary and Advanced Levels
The number of sessions per year
Question formats, grading, and marking schemes
Security measures for exam administration
On November 24, 1976, the President of Cameroon signed Decree No. 76/555, officially instituting the General Certificate of Education Examination in Cameroon. The first Cameroonised GCE session took place in June 1977.
Challenges and Reforms in the GCE Examination
By the late 1980s, several irregularities began to affect the credibility of the GCE examination in Cameroon:
The use of future GCE questions in entrance examinations (1990)
Unannounced changes in exam formats (1991)
Printing errors, wrong pagination, and spelling mistakes
Shortages and late arrival of question papers
Postponements of exams due to logistical failures
Examination leakages and fraudulent activities
To address these challenges, the Prime Minister of Cameroon issued Order No. 194/CAB/PM on September 11, 1992, to create a Technical Committee responsible for reviewing and improving the GCE Board’s organization.
The Establishment of the Cameroon GCE Board
With the persistent call for reform, the Cameroon GCE Board was officially established in 1993 as an independent examination body. The Board was tasked with:
Ensuring the credibility and transparency of the examination process
Moderating test items and syllabuses
Supervising the administration and marking of examinations
Issuing valid and recognized certificates
Since its inception, the Board has continued to implement modern security measures and improved administrative policies to maintain the integrity of the exams.
Registrars of the Cameroon GCE Board
The following individuals have served as Registrars of the GCE Board:
Name
Tenure
Mr. AZONG Wara Andrew
1994 - 1997
Dr. Omer Weyi YEMBE
1997 - 2006
Dr. MONONO Ekema Humphrey
2006 - 2018
Mr. DANG AKUH Dominic
2018 - 2023
Each of these registrars played a crucial role in shaping the Board’s policies, improving examination processes, and enhancing the credibility of Cameroon’s education system.
GCE Board Services and Quick Access Links
The GCE Board provides various services to students, parents, and institutions. Some of the most sought-after services include:
The Cameroon GCE Board has come a long way from its early days under British and West African examination systems. Through various reforms and improvements, it has established itself as a reliable and credible examination body. By ensuring transparency, efficiency, and fairness, the Board continues to uphold its motto: "Measuring Learning with Honesty."
For more updates on GCE Examinations, past papers, registration details, and study tips, visit www.gcepanel.org.
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The Cameroon General Certificate of Education (GCE) Ordinary Level is a crucial examination for students completing their secondary school education. Administered by the GCE Board, this examination assesses students’ knowledge and readiness for further academic pursuits. In this post, we will cover key details about the Ordinary Level examination, including its structure, registration requirements, subjects offered, and examination fees.
Overview of the GCE Ordinary Level Examination
The Ordinary Level (O Level) Unit operates under the Division of Examination, which is headed by a Deputy Registrar. The unit itself is managed by an Examination Officer, who oversees several important duties:
Preparation and distribution of registration materials.
Processing registration forms from examination centers.
Moderation of test items before exams.
Supervision of proofreading exercises.
Costing and preparation of practical examination documents.
Establishing registration and accommodation centers.
Supervising and monitoring both written and practical examinations.
Managing marking secretariats and supervising grading processes.
Subjects Offered at the GCE Ordinary Level
The Ordinary Level examination includes 21 subjects, categorized into different academic disciplines:
SN
Subject Code
Subject Name
1
0505
Accounting
2
0510
Biology
3
0515
Chemistry
4
0520
Commerce
5
0525
Economics
6
0530
English Language
7
0535
Literature in English
8
0540
Food and Nutrition
9
0545
French
10
0546
Special Bilingual Education French
11
0550
Geography
12
0555
Geology
13
0560
History
14
0562
Citizenship Education
15
0565
Human Biology
16
0570
Mathematics
17
0575
Additional Mathematics
18
0580
Physics
19
0585
Religious Studies
20
0590
Logic
21
0595
Computer Science
Out of these subjects, three subjects have a practical component: Food and Nutrition, Special Bilingual Education French, and Computer Science. The remaining 18 subjects consist of two papers.
Each subject has its own structure regarding the number of questions per paper, the number of required answers, and different score weightings. However, Paper 1 for all subjects is a Multiple Choice Question (MCQ) paper containing 50 questions, and candidates must attempt all of them.
Eligibility and Registration Requirements
To sit for the Ordinary Level Examination, candidates must meet the following conditions:
Completion of a five-year secondary school program.
Must register for at least four subjects and at most eleven subjects.
The eleventh subject can only be Religious Studies.
The four compulsory subjects for all candidates are:
English Language
French
Mathematics
Candidates may also register for single subjects if they meet the requirements.
Special Requirements for Repeat Candidates
Candidates retaking the exam must register for compulsory subjects unless they provide proof of a prior pass. To verify previous results, candidates must attach photocopies of results slips and certificates during registration.
GCE Ordinary Level Examination Fees
The cost of registering for the GCE O Level is as follows:
Registration Fee: 8,000 FCFA
Subject Fee: 1,000 FCFA per subject
Practical Fee: 5,000 FCFA (applicable to subjects with practicals)
Franking of Form G3: 1,000 FCFA
These fees are subject to change as per the regulations set by the GCE Board.
Final Thoughts
The GCE Ordinary Level Examination is an important milestone for secondary school students in Cameroon. Understanding the registration process, subject requirements, and examination structure can help students prepare effectively.
For more updates on the Cameroon GCE Exams, including past papers, syllabus updates, and exam tips, visit www.gcepanel.org.
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For real-time GCE Exam Updates, News, and Study Materials, subscribe to our newsletter and follow us on social media!
Success in the Cameroon GCE O Level and A Level exams requires strategic planning, discipline, and the right study techniques. Whether you are preparing for the O Level or the more advanced A Level exams, this guide will provide you with a step-by-step approach to effective studying, revision tips, and crucial lifestyle adjustments to ensure maximum performance.
1. Understanding the GCE Structure
Before diving into your studies, it is essential to understand the structure of the Cameroon GCE exams. The General Certificate of Education (GCE) is divided into two levels:
O Level (Ordinary Level): This is typically taken after five years of secondary school. Subjects cover a broad range of disciplines, including Sciences, Arts, and Commercial studies.
A Level (Advanced Level): Taken after two years of high school (Upper Sixth), A Level exams require deeper knowledge and analytical skills in chosen subjects.
For a more detailed breakdown of subjects and grading, visit GCE Panel (www.gcepanel.org), where you can find syllabi, past questions, and examiners' reports.
2. Creating a Study Plan
A well-structured study plan is the foundation of effective revision. Here’s how to create one:
a. Set Realistic Goals
Break down your syllabus into manageable chunks.
Set daily, weekly, and monthly targets for covering topics.
Allocate more time to difficult subjects while maintaining a balance.
b. Draft a Timetable
Include specific time slots for each subject.
Factor in breaks to avoid burnout.
Keep your timetable flexible to accommodate unexpected events.
3. Effective Study Techniques
Using the right study techniques can enhance your retention and understanding of concepts. Here are some proven methods:
a. Active Learning
Instead of passively reading notes, engage with the material by making summaries, teaching others, or creating flashcards.
Use mnemonic devices to remember key concepts.
b. Practice with Past Questions
Past GCE questions provide insight into the exam pattern and frequently tested topics.
Time yourself when answering questions to improve speed and accuracy.
c. Group Study Sessions
Discussing topics with peers can reinforce understanding.
Assign each person a topic to present during study sessions.
For past papers and revision materials, explore the GCE Panel website.
4. Revision Strategies
Revision is a crucial phase in exam preparation. Consider the following strategies:
a. Use the Pomodoro Technique
Study for 25-50 minutes and take a 5-10 minute break.
Repeat this cycle to maintain focus and avoid mental fatigue.
b. Create Mind Maps
Visualizing information helps with retention and quick recall.
Use diagrams, charts, and color coding for better organization.
c. Self-Testing
Take self-made quizzes and use online tests to gauge your understanding.
Identify weak areas and revise them accordingly.
5. The Role of Sleep and Rest
Many students underestimate the power of sleep in exam preparation. Sleep plays a vital role in memory consolidation and cognitive function.
a. Maintain a Healthy Sleep Schedule
Aim for 7-9 hours of sleep per night.
Avoid studying late into the night before an exam.
b. Take Short Naps
A 20-30 minute nap during the day can boost productivity and refresh your mind.
6. Managing Exam Stress
Exam anxiety is common, but it can be managed effectively.
a. Stay Organized
Ensure all necessary materials (pens, ID card, exam docket) are ready before the exam day.
Arrive at the exam center early to avoid last-minute panic.
b. Practice Relaxation Techniques
Deep breathing exercises and meditation can help calm nerves.
Engaging in light physical activities like walking can reduce stress levels.
7. Exam Day Tips
Read through all the instructions carefully before answering questions.
Manage your time wisely, allocating time based on question weight.
Attempt easy questions first before tackling more challenging ones.
Review your answers if time permits.
8. Leveraging Online Resources
In today’s digital age, many resources can supplement your studies:
GCE Panel: Past papers, study guides, and syllabus breakdowns.
YouTube Tutorials: Explanations of complex topics in visual formats.
Educational Apps: Apps like Quizlet and Khan Academy for additional revision support.
Conclusion
Studying for the Cameroon GCE O Level and A Level exams is a demanding but achievable goal. By creating a solid study plan, using effective revision techniques, maintaining a healthy lifestyle, and leveraging online resources like GCE Panel, you can maximize your chances of success. Stay disciplined, stay motivated, and believe in your ability to excel!
Welcome to GCE Panel Online, the #1 platform for all your GCE exam needs! Whether you're preparing for the General Certificate of Education (GCE) Ordinary Level, Advanced Level, or other GCE-related exams, we've got you covered.
🔹 GCE Past Papers – Access a vast collection of past GCE exam papers to help you practice effectively. 🔹 GCE Solutions & Answer Keys – Find step-by-step solutions to past papers, helping you understand concepts better. 🔹 Study Notes & Guides – Get well-structured revision notes to enhance your exam preparation. 🔹 Exam Tips & Strategies – Learn expert tips to boost your confidence and improve your performance. 🔹 Latest GCE Updates – Stay informed with important announcements, syllabus updates, and exam schedules.
At GCE Panel Online, we make exam success easier and more accessible! Prepare smarter, practice better, and ace your GCE exams with confidence.
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Free GCE O Level Economics June 2024 Past Paper 1 Questions
Free Cameroon GCE O Level Economics 0525 Paper 1 Solutions Corrections all at GCE Panel Online. No sign up no login. Please make sure to go to the main menu and try the life exams as well, it will help you prepare better
Subject Code
0525
Subject Title
O Level Economics
Session
June 2024 Paper 1
Click on the correct answer below. If it is maked wrong, click another option and you can always see the explanation
Cameroon GCE O Level Economics Paper 1 Solution - June 2024
1. The productivity of labour is defined as:
A. Maximum number of hours worked
B. Output per man hour
C. Output achieved in a short time
D. Average output produced
The correct answer is "Output per man hour."
2. Disguised unemployment is said to exist when:
A. Labour faces physical disability
B. There is a change in demand
C. Manpower is under-utilized
D. There is immobility of labour
The correct answer is "Manpower is under-utilized."
3. When the price of garri increases from 50frs a cup to 100frs a cup, the supply of garri increases from 5 basins to 15 basins. The numerical coefficient of price supply is:
A. 0.5
B. 3
C. 0.3
D. 2
The correct answer is 2.
4. The principle of 'limited liability' implies that:
A. Shareholders are liable up to their share capital
B. The debts of the company are paid using its assets.
C. The company does not have to pay debts
D. The shareholder is liable to the debt up to his private properties.
The correct answer is "Shareholders are liable up to their share capital."
5. The bank rate is generally fixed by:
A. ECO Bank
B. BICEC
C. BEAC
D. NFC
The correct answer is BEAC, as it is the central bank responsible for fixing the bank rate.
6. What is the value of the balance of trade?
Items
Millions (FCFA)
Visible Imports
17000
Visible Exports
15000
Invisible Imports
10000
Invisible Exports
20000
A. 8,000M FCFA
B. -2,000M FCFA
C. 10,000M FCFA
D. -10,000M FCFA
The correct answer is -2,000M FCFA because the balance of trade is calculated as Visible Exports - Visible Imports (15000 - 17000 = -2000).
7. Given that fixed cost is 50,000 FCFA, variable cost is 150,000 FCFA, and the output is 50 units, what will be the average total cost of producing one unit?
A. 6,000 FCFA
B. 2,000 FCFA
C. 5,000 FCFA
D. 4,000 FCFA
The correct answer is 4,000 FCFA. Total cost = Fixed Cost + Variable Cost = 50,000 + 150,000 = 200,000. Average Total Cost = Total Cost / Output = 200,000 / 50 = 4,000.
8. The incidence of a tax implies:
A. The effect of the tax
B. The base of the tax
C. The finality of the tax
D. The rate of the tax
The correct answer is The effect of the tax, referring to who ultimately bears the burden of the tax.
9. The merging of firms involved in different stages of production is referred to as:
A. Horizontal integration
B. Vertical integration
C. Diversified integration
D. Lateral integration
The correct answer is Vertical integration, as it involves combining firms from different stages of production.
10. A black market is the result of:
A. Maximum price control
B. Minimum price control
C. Floor price
D. Price control
The correct answer is Maximum price control, as it can create a shortage, leading to illegal markets.
11. The demand for labor is referred to as:
A. Market demand
B. Derived demand
C. Independent demand
D. Composite demand
The correct answer is Derived demand, as labor is demanded for the goods and services it helps produce.
12. What is the consumer surplus when the price of a commodity is 2,000 FCFA, but consumers are willing to pay 5,000 FCFA?
A. 3,000 FCFA
B. 5,000 FCFA
C. 7,000 FCFA
D. 2,000 FCFA
The correct answer is 3,000 FCFA, as consumer surplus is the difference between what consumers are willing to pay and the market price (5,000 - 2,000 = 3,000).
13. Which of the following is an economic good?
A. Sunshine
B. A loaf of bread
C. Rainwater
D. Fresh air
The correct answer is A loaf of bread, as it is scarce and has a price.
14. What is the most liquid form of money?
A. Cash
B. Bonds
C. Savings deposits
D. Stocks
The correct answer is Cash, as it can be used immediately for transactions.
15. What is the primary function of an entrepreneur?
A. To save money
B. To bear risks
C. To organize production
D. To produce goods
The correct answer is To organize production, as the entrepreneur coordinates resources for production.
16. Which of the following is not a direct tax?
A. VAT
B. Corporate tax
C. Income tax
D. Capital gains tax
The correct answer is VAT, as it is an indirect tax paid through consumption.
17. What does GDP at factor cost exclude?
A. Production costs
B. Indirect taxes
C. Subsidies
D. Labor costs
The correct answer is Indirect taxes, as GDP at factor cost is calculated before including taxes.
18. What happens when the supply of a commodity increases?
A. Price falls
B. Quantity supplied decreases
C. Quantity demanded increases
D. Price rises
The correct answer is Quantity demanded increases, as per the law of demand.
19. Which of these is an advantage of a mixed economy?
A. No competition
B. Balances efficiency and equity
C. Fully state-controlled
D. Ensures full employment
The correct answer is Balances efficiency and equity, as it combines private and public sector roles.
20. What is the main purpose of insurance?
A. Risk management
B. Wealth accumulation
C. Saving money
D. Profit generation
The correct answer is Risk management, as insurance spreads risk among many people.
21. What type of unemployment is caused by changes in the structure of the economy?
A. Cyclical unemployment
B. Structural unemployment
C. Frictional unemployment
D. Seasonal unemployment
The correct answer is Structural unemployment, as it occurs when industries decline or new technologies emerge.
22. What is the main goal of monetary policy?
A. Reduce income inequality
B. Stabilize the economy
C. Increase taxation
D. Promote exports
The correct answer is Stabilize the economy, as monetary policy aims to control inflation and stimulate economic growth.
23. Which of these is an example of a public good?
A. Electricity
B. Bread
C. National defense
D. Mobile phones
The correct answer is National defense, as it is non-excludable and non-rival in consumption.
24. What is the opportunity cost of choosing one alternative over another?
A. The total expenditure
B. The time spent
C. The next best alternative forgone
D. The actual cost of the chosen option
The correct answer is The next best alternative forgone, as opportunity cost measures the trade-off of decisions.
25. What type of market structure is characterized by a single seller?
A. Monopoly
B. Oligopoly
C. Perfect competition
D. Monopolistic competition
The correct answer is Monopoly, where one firm controls the market.
26. What is the function of a central bank?
A. Issue currency
B. Provide loans to individuals
C. Collect taxes
D. Regulate trade
The correct answer is Issue currency, as central banks control the money supply.
27. When demand is perfectly inelastic, the demand curve is:
A. Vertical
B. Horizontal
C. Downward sloping
D. Upward sloping
The correct answer is Vertical, indicating that quantity demanded does not change with price.
28. Which of the following is a feature of perfect competition?
A. Product differentiation
B. Many buyers and sellers
C. High barriers to entry
D. Price control
The correct answer is Many buyers and sellers, which ensures no single entity can control the market.
29. What is a tariff?
A. A tax on imports
B. A subsidy for exports
C. A trade agreement
D. A quota on exports
The correct answer is A tax on imports, used to protect domestic industries.
30. What is GDP a measure of?
A. National wealth
B. Population growth
C. Economic output
D. Inflation rate
The correct answer is Economic output, as GDP measures the total value of goods and services produced.
31. What is the primary objective of fiscal policy?
A. Control money supply
B. Increase exports
C. Influence economic activity
D. Reduce interest rates
The correct answer is Influence economic activity, as fiscal policy involves government spending and taxation to manage the economy.
32. In economics, what does "scarcity" refer to?
A. Limited resources
B. High demand
C. Inflation
D. Excess supply
The correct answer is Limited resources, as scarcity means there are not enough resources to satisfy all wants and needs.
33. Which economic system relies on supply and demand to allocate resources?
A. Command economy
B. Market economy
C. Mixed economy
D. Traditional economy
The correct answer is Market economy, where prices are determined by supply and demand forces.
34. What does CPI measure?
A. National output
B. Inflation
C. Employment rate
D. Trade deficit
The correct answer is Inflation, as CPI (Consumer Price Index) tracks changes in the price level of a market basket of consumer goods and services.
35. Which of the following is a form of direct tax?
A. Income tax
B. Sales tax
C. Value-added tax
D. Import duties
The correct answer is Income tax, as it is levied directly on individuals' earnings.
36. What is the primary purpose of a tariff?
A. Reduce production costs
B. Lower consumer prices
C. Protect domestic industries
D. Increase foreign investments
The correct answer is Protect domestic industries, as tariffs make imported goods more expensive compared to local goods.
37. What is meant by the term "elastic demand"?
A. Demand changes significantly with price
B. Demand remains constant regardless of price
C. Demand increases with higher prices
D. Demand is unaffected by supply
The correct answer is Demand changes significantly with price, meaning consumers are responsive to price changes.
38. What is the term for a sustained increase in the general price level?
A. Recession
B. Inflation
C. Deflation
D. Stagnation
The correct answer is Inflation, reflecting a persistent rise in average prices over time.
39. What does a trade deficit indicate?
A. Exports exceed imports
B. Imports exceed exports
C. Equal exports and imports
D. Reduced foreign investments
The correct answer is Imports exceed exports, indicating more goods and services are purchased from abroad than sold.
40. What is the term for the value of the next best alternative foregone?
A. Fixed cost
B. Opportunity cost
C. Marginal utility
D. Variable cost
The correct answer is Opportunity cost, which represents the benefits of the option not chosen.
41. What does GDP stand for?
A. General Domestic Product
B. Gross Domestic Product
C. Gross Domestic Product
D. Global Domestic Product
The correct answer is Gross Domestic Product (GDP), which is the total value of goods and services produced in a country.
42. Which of the following is an example of a monopolistic competition?
A. Oil industry
B. Restaurant industry
C. Electricity supply
D. Public transportation
The correct answer is the Restaurant industry, which has many firms offering differentiated products.
43. What is a progressive tax?
A. Tax rate decreases as income increases
B. Tax rate increases as income increases
C. Tax rate remains constant
D. Tax rate is based on consumption
The correct answer is Tax rate increases as income increases, as progressive taxes are designed to collect a higher percentage from higher earners.
44. Which of the following is not a form of monetary policy?
A. Open market operations
B. Taxation changes
C. Discount rates
D. Reserve requirements
The correct answer is Taxation changes, as taxation is a fiscal policy tool, not a monetary policy tool.
45. What is the main function of the Federal Reserve System?
A. Regulate trade policies
B. Control the money supply
C. Set corporate tax rates
D. Manage government spending
The correct answer is Control the money supply, as the Federal Reserve is responsible for regulating the money supply and interest rates.
46. Which economic indicator is used to measure the overall health of an economy?
A. Gross National Product (GNP)
B. Gross Domestic Product (GDP)
C. Inflation rate
D. Unemployment rate
The correct answer is Gross Domestic Product (GDP), which measures the total value of goods and services produced in a country.
47. What is the primary goal of international trade agreements?
A. Limit competition
B. Increase tariffs
C. Reduce trade barriers
D. Restrict foreign investments
The correct answer is Reduce trade barriers, as trade agreements aim to make cross-border commerce easier.
48. What does the term "liquidity" refer to in finance?
A. Ease of converting assets to cash
B. Total value of an asset
C. Amount of debt in a company
D. Profitability of an asset
The correct answer is Ease of converting assets to cash, which defines liquidity in financial terms.
49. What is the term for the price of one country's currency in terms of another currency?
A. Exchange rate
B. Exchange rate
C. Interest rate
D. Inflation rate
The correct answer is Exchange rate, which reflects the value of one currency relative to another.
50. What is the purpose of diversification in investment?
A. Maximize risk
B. Minimize returns
C. Minimize risk
D. Maximize debt
The correct answer is Minimize risk, as diversification reduces the potential impact of any single asset’s poor performance.
Prepare for your Cameroon GCE O Level exams with this step-by-step solution video for the Economics Paper 1 of June 2024. This video provides detailed explanations to help students excel in their exams.
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