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.
The type of business finance that entitles the holder to a fixed rate of dividend is______________--
Abank load
Bdebenture
Cpreferred stock
Dsemi-fixed
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Question 292
jamb2018
The privatization of public enterprises will lead to the efficient management of resources in the economy. This statement can best be described as_____________
Adeductive reasoning
Bpositive reasoning
Cnormative reasoning
Dinductive reasoning
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Question 293
jamb2017
Which of the following is correct?
ATraditional budgeting focuses on goals and objectives
BZero based budgeting produces a single level of appropriation for an activity
CTraditional budgeting starts with last year’s funding appropriation
DZero based budgeting does not systematically consider alternatives to current operations
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Question 294
jamb2017
Localization of industry is encouraged because of ________
Alow interest charges on loans
Bimprovements in infrastructure
Clow foreign exchange rate
Dhigh standard of living
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Question 295
jamb2017
Which of the following is an indirect tax?
APoll tax
Bpersonal income tax
CCompany tax
Dexcise duties
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Question 296
jamb2017
Which of these is a type of partnership in business?
ALimited partnership
Blimited liability company
Cprivate partnership
Djoint stock partnership
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Question 297
jamb2017
Which of the following is NOT a source of government revenue?
AGrants, aids and borrowing
BTaxes, fees, licenses and fines
CInterest, dividends, profits and earnings
Dpersonal income, disposable income and transfer earnings
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Question 298
jamb2017
Opportunity cost helps the government to:
ADistribute money to citizens
Bsupport better production
Cremove competition
Dprepare budget
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Question 299
jamb2017
A partnership sourcing for funds to expand its business would approach _______
Aa central bank
Ba money market
Can insurance
Da stock exchange
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Question 300
jamb2017
Given a consumption function C = 10 + 0.6Y, determine the value of C if Y is 20
A36.60
B22.00
C30.60
D26.00
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Question 301
jamb2017
Completely competitive market exist when each member is a —
Aprice maker
Bprice taker
Cprice seeker
Da and b
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Question 302
jamb2017
\(\frac{∑f(x-x̄)}{N}\)
Is a formula used to calculate for ____________
Avariance
Bthe quartile
Cstandard deviation
Dmean deviation
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Question 303
jamb2017
Other products gotten from Petroleum include the following EXCEPT:
ARubber
Bfuel
Cpaints
Dinsecticides
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Question 304
jamb2017
Which of the following institutions does not operate in the money market?
Acentral bank
Bmortgage banks
Cmoney deposit banks
Dinsurance companies
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Question 305
jamb2017
From the table above, the average product of the 3rd unit of labour is
A50
B70
C350
D150
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Question 306
jamb2017
The basic principle of cooperative societies is to ________
Amaintain the integrity of their members
Bprotect the interest and pursue the welfare of members
Censure better working conditions for members
Dprovide voluntary services to the members
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Question 307
jamb2017
Cost - push inflation occurs when_______
Aproduction cost is high
Bgovernment embarks on deficits financing
Cfactors decrease
Dthere is too much in circulation
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Question 308
jamb2017
Goods sold in perfectly competitive markets are generally
Ahomogenous
Bintermediate and final
Cdurable and non-durable
Dheterogeneous
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Question 309
jamb2017
The graph above shows;
Aa decrease in quantity supplied
Ban increase in supply
Ca decrease in supply
Dan increase in quantity
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Question 310
jamb2017
The equilibrium price clears the market; it is the price at which___________
