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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:

Population growth can be calculated as ?

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A Birth rate + death rate + migration rate + immigration rate
B Birth rate – death rate + migration rate -immigration rate
C Birth rate + death rate â€“ migration rate + immigration rate
D Birth rate â€“ death rate â€“ emigration rate + immigration rate
E Birth rate â€“ death rate

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Question 22:

Retailers are greater in numbers than wholesalers because?

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A Retail business may not be registered or incorporated
B Retail business requires less expertise
C Retailers deal with final consumers
D All retail businesses are large enterprises
E All retail businesses are small enterprises

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Question 23:

The purpose of import duties does NOT include the?

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A Generation of revenue for government
B Protection of domestic industries
C Promotion of international trade
D Conservation of foreign exchange earnings
E Control of comsuption pattern

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Question 24:

The chief sources of Federal Government revenue in Nigeria are?

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A Import duties, petroleum, import tax, profit tax, royalties and government dividends
B Personal income tax, excise tax and vehicle licenses
C Export duties, personal income tax and royalties
D Property income, sales tax and excise tax
E Import duties, sales tax and poll tax

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Question 25:

Function of commercial banks do NOT include?

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A Lending with interest charges
B Carrying out transactions on behalf of customers
C Expansion of money supply
D Keeping of security document s for customers
E Printing of currency

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