Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
If a country has a balance of payment crisis, which of the following measures can best bring about a improvement in the short run?
ALarge-scale importation of foreign goods
BInvestment in capital market abroad
CLarge-scale export of locally made abroad
DRepayment of debt to her creditors
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Question 1832
jamb1992
If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?
Athe size of population
Btechnical progress
Cthe environment
Dthe amount of natural resources
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Question 1833
jamb1992
Which of the following combinations is a veritable set of development indicators?
AGrowth of governemnt expenditure and imports
BGrowth of population and national income
CHigh fertility, literacy and school enrolment rates
DLow infant mortality and high per capital income and literacy rates
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Question 1834
jamb1992
In national income accounting, aggregate saving in any year is defined as?
Aall disposable income not spent on consumption
Ball savings deposits in all banks during the year
Call savings and time deposits in all banks during the year
What is the percentage increase in GNP between year 1 and year 2?
A3.5.0%
B14.0%
C20.0%
D35.0%
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Question 1837
jamb1992
An account from which allocations are made to the three tier of government in Nigeria is called the?
ANational Income Account
BPublic Sector
CFederation account
DNational Revenue Mobilization Account
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Question 1838
jamb1992
The objective of public finance is to promote?
Afull employment, national income and price stability
Bgovernment revenue drive and expenditure to as high a level as possible
Cthe expansion of government social services
Dgovernment revenue drive and minimize government expenditure
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Question 1839
jamb1992
When interest rates are high and still rising the least-cost method used by public limited companies to obtain additional funds for their operations is by?
Aobtaining life-term loans from merchant banks
Bobtain short-term loans from commercial banks
Cselling floating-rate debenture stocks to the general public
Dselling new ordinary shares to the general public
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Question 1840
jamb1992
To reduce the high rate of inflation in the economy, the government should?
Aincrease taxes and have a budget surplus
Bincrease taxes and have a budget defilicit
Cdecrease taxes and have a budget defilicit
Ddecrease taxes and have a balance budget
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Question 1841
jamb1992
The total amount of money in circulation includes cash?
Aand current account
Bowned by banks and the non-bank public
Cand current acount balances owned by banks and non-bank public
Downed by banks, the government and the non-bank public
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Question 1842
jamb1992
The best way to reduce the supply of money in the economy is to?
Aincrease the liquidity ratio
Bincrease the number of bank-notes and cheques produced
Cdecrease treasury bills
Dliberalize access to credit
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Question 1843
jamb1992
Monetization refers to the ratio of?
Atotal transactions to monetary transactions
Bmonetary assets to total assets
Cmonetary transactions to total transactions
Dmoney in circulation to total income
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Question 1844
jamb1992
Which of the following is NOT directly concerned with dealings in treasury bills?
AThe stock exchange
BThe Central bank
CCommercial banks
DDiscount houses
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Question 1845
jamb1992
Because most of her crude oil is exported, the foreign exchange earnings and the forward linkage effects Nigeria realize from her oil production are?
Aboth high
Brespectively high and low
Crespectively low and high
Dboth low
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Question 1846
jamb1992
A significant effect of the growth of the oil sector in Nigeria has been to?
Aincrease the rate of unemployment
Bdiminish the percentage contribution of the agricultural sector to GNP
Cslow down the pace of industrialization
Dretard the rate of economic growth
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Question 1847
jamb1992
The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the?
Aavailability of market and most of the raw materials required
Bavailability of the necessary machinery required
Cexperience of Nigerian producers
Drelatively lower cost of production of such goods
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Question 1848
jamb1992
Firms are often set up close to each other in order to take advantage of?
Asupply or skilled labour
Bagglomeration economies
Cinternal economies of scale
Dexternal economies of scale
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Question 1849
jamb1992
The primary barrier to land reform in developing countries is the?
Afrequent opposition by the landlords
Brealization that output levels might fall
Cfear that peasants will be cut off from credit
Dgeneral contentment with the present arrangement
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Question 1850
jamb1992
Under the Nigerian Structural Adjustment Programme, the marketing of agricultural commodities in Nigeria has been placed under?
