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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:

Monetary policy does NOT involve

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A Increasing the import duties
B Buying or selling treasury bills by the Central Bank
C Printing of more currency note
D Increasing or decreasing cash reserve ratio by the Central Bank
E Raising the level of interest

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Question 27:

In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the

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A Dependency ratio is high
B Population is optimum
C Ratio of females to males is high
D Population is growing at less than equilibrium
E Population is growing according to Malthus theory

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Question 28:

Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?

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A Open market operation
B Reserve requirements
C Bank rate
D Directives
E Special deposits

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Question 29:

One of the ways by which Government derives revenue from industrial enterprises in West Africa is?

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A Tariffs
B Excise duties
C Poll tax
D Import duties
E Community tax

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Question 30:

What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?

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A Availability of labour in the area
B Acces to transport facilities
C Nearness of raw materials
D Availability of power
E Nearness of Technical and Engineering School

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