Abstract: This study compared the Psychometric Properties of WAEC and NECO Mathematics Multiple Choice Items so as to ascertain whether the two papers are equivalent tests. he sample of this study is made up of 500 senior secondary students randomly selected from ten local government areas of Ekiti State. The findings revealed that there were no significant differences between their difficulty level indices, discriminating power, distracter index and validity indices and both are reliable. By implication NECO and WAEC Multiple Choice Items are equivalent.