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.
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 12
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 13
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 14
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 15
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 16
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 17
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 18
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 19
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 20
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 21
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 22
jamb1992
Under the Nigerian Structural Adjustment Programme, the marketing of agricultural commodities in Nigeria has been placed under?
Athe marketing boards
Bthe commodity boards
Cthe river-basin authorities
Dprivate investors and individuals
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Question 23
jamb1992
Farmers' income may fall if they produce more cash crops for export because?
Aforeign demand is inelastic
Bthe price of the crops will rise
Cof domestic currency depreciation
Dof export duties
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Question 24
jamb1992
The type of business finance that entitles the holder to a fixed rate of dividend is?
Aperferred stock
Bcommon stock
Cdebenture
Dbank loan
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Question 25
jamb1992
The main reason for the current programme of privatization and commercialization of public enterprises in Nigeria is to?
Areduce public expenditure
Bencourage efficiency in the performance of such enterprises
Creduce the number of public enterprises
Draise the prices of goods and services produced by the enterprises
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Question 26
jamb1992
The main handicap of sole proprietorship is?
Alimited liability
Black of technical know-how
Clow profit margin
Dinadequate capital
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Question 27
jamb1992
An important function of the retailer is to?
Agrant credit to the wholesaler
Bbreak bulk and sell products in small units
Creduce cost of distribution
Dgenerate demand for products through advertisement
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Question 28
jamb1992
A firm with marginal cost equals to its marginal revenue will produce the equilibrium output if it is in?
Apure competition only
Bpure monopoly only
Cmonopolistic competition only
Dany type of market
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Question 29
jamb1992
The demand curve for a normal good will shift to the left if?
Athe incomes of consumers rise
Bthe price of the goods rises
Cthe price of complementary goods rises
Dadvertising expenditure on complementary goods increase
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Question 30
jamb1992
If demand is relatively inelastic and sellers are able to raise the price of their commodity, then there we be a?
Afall in both quantity of demand and total revenue
Bfall in the quantity demanded and rise in total revenue
Cfall in the quantity demanded and rise in marginal revenue
Drise in both the quantity demanded and the marginal revenue
