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Economics Past Questions and Answers

Jamb Economics Questions

Question 46:

All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria

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A Price stabilization
B Efficient marketing of agriculture crops
C Provision of funds for building access roads
D Development of the agricultural industry
E Establishment of agro-allied industries

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Question 47:

Which of the following countries is NOT a member of the economic Community of West African States?

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A Sierra Leone
B Sudan
C Gambia
D Nigeria
E Guinea

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Question 48:

In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?

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A Imposing import bans on some commodity
B Imposing import duties
C Drawing down on external reserves
D Purchasing foreign exchanges from foreign countries
E Devaluation of the currency

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Question 49:

What is the growth rate of GNP?

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A 18%
B 10%
C 6.7%
D 0.5%
E 4.1%3

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Question 50:

What is the growth rate of employment?

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A 18%
B 10%
C 6.7%
D 5.7%
E 4.1%

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