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Economics Past Questions and Answers

Economics Questions

Question 2071:
JAMB 2013
Which of the following is used by the Central Bank of Nigeria to control inflation?
SchoolNGR Classroom
  • A Tariff on imports
  • B Tax rate
  • C Exchange rate
  • D Discount rate
View Answer & Explanation
Question 2072:
JAMB 2013
If CBN reduces money supply, the interest rate will
SchoolNGR Classroom
  • A Fluctuate
  • B Rise
  • C Fall
  • D Remain unchanged
View Answer & Explanation
Question 2073:
JAMB 2013
A tax on land will ultimately fall
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  • A Partly on agents and users
  • B Entirely on users
  • C Entirely on owners
  • D Partly on users and owners
View Answer & Explanation
Question 2074:
JAMB 2013
An example of an expansionary fiscal policy action is
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  • A Decrease in the corporate profit tax rates
  • B Decrease in welfare payments
  • C Purchase of government securities
  • D Decrease in the bank rate
View Answer & Explanation
Question 2075:
JAMB 2013
One of the goals of development plans in Nigeria is to
SchoolNGR Classroom
  • A Increase the profitability of multinational businesses
  • B Improve the country's GDP
  • C Achieve higher standard of living for the citizens
  • D Deregulate the economy
View Answer & Explanation

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