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Economics Past Questions and Answers

Jamb Economics Questions

Question 11:

Who controls a limited liability company ?

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A The general manager
B The managing director
C The owner of 51% of shares
D The board of directors
E The government

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Question 12:

The National Electric Power Authority (NEPA) is a?

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A Public limited company
B Public liability company
C Private authority
D Public corporation
E Federal government authority

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Question 13:

Which one of the following functions of banks in Nigeria is reserved to the Central Bank?

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A Accepting deposits
B Serving as agents for payments
C Issuing bank-notes
D Lending to customers
E Purchasing and selling of stock exchange securities

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Question 14:

The difference between visible exports and invisible exports of a country, in money terms, is known as the?

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A Balance of trade
B Balance of payments
C Terms of trade
D Foreign reserves
E Special drawing right

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Question 15:

The main economic goal of ECOWAS is the attainment of ?

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A Regional free trade
B Multilateral trade
C Bilateral trade
D Economic self-reliance
E The economic emancipation of Africa

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