Millennium Development Goals (MDGs) was replaced by the Sustainable Development Goals (SDGs) in the year

Here are the answers to the multiple-choice questions:

Question 5: Millennium Development Goals (MDGs) was replaced by the Sustainable Development Goals (SDGs) in the year
The Millennium Development Goals (MDGs) officially concluded at the end of 2015 and were replaced by the Sustainable Development Goals (SDGs).
The correct option is A.

$$\boxed{\text{A. 2015}}$$

Question 6: The concept of velocity of money was postulated by
Irving Fisher is widely recognized for his work on the quantity theory of money, which includes the concept of the velocity of money.
The correct option is D.

$$\boxed{\text{D. Irving Fisher}}$$

Question 7: An increase in the economic activities of a country that leads to an improvement is
Economic development is a broader concept than economic growth, encompassing not just an increase in economic activities but also improvements in living standards, education, health, and overall well-being.
The correct option is D.

$$\boxed{\text{D. economic development}}$$

Question 8: Agricultural productivity means
Agricultural productivity is a measure of the efficiency with which inputs are converted into outputs in agriculture. An increase in output per farmer directly reflects this efficiency.
The correct option is B.

$$\boxed{\text{B. increase in output per farmer}}$$

Question 9: A systematic presentation of information in rows and columns is
A table is a structured arrangement of data in rows and columns, used for clear and systematic presentation of information.
The correct option is C.

$$\boxed{\text{C. table}}$$

Question 10: A budget in which revenue exceeds its expenditure is a _______ budget.
When a government's revenue is greater than its expenditure, it results in a budget surplus.
The correct option is A.

$$\boxed{\text{A. surplus}}$$

Question 11: The extraction of raw materials from land is _______ production.
The primary sector of the economy involves the extraction and production of raw materials, such as agriculture, mining, forestry, and fishing.
The correct option is E.

$$\boxed{\text{E. primary}}$$

Question 12: The Bank of Agriculture (BOA) was renamed from the defunct
The Bank of Agriculture (BOA) was formed in 2000 through the merger of the Nigerian Agricultural and Co-operative Bank (NACB), the People's Bank of Nigeria (PBN), and the Family Economic Advancement Programme (FEAP).
The correct option is D.

$$\boxed{\text{D. Nigerian Agricultural and Co-operative Bank}}$$

Question 13: An economic system where means of production are owned and controlled by the state is
In a socialist economic system, the means of production (factories, land, resources) are typically owned and controlled by the state or the community rather than by private individuals.
The correct option is C.

$$\boxed{\text{C. socialism}}$$

Question 14: The transformation of a commodity from one variety to another to satisfy consumer's need is _______ utility.
Form utility refers to the value added to a product by changing its form or shape to make it more useful or appealing to the consumer.
The correct option is B.

$$\boxed{\text{B. form}}$$