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Wednesday, 01 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 16:
In a sole proprietorship, the decisions are made by the?
  • A Governmnet
  • B Borad of directors
  • C Management
  • D Shareholders'conference
  • E Owner
View Answer & Explanation
Question 17:
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
  • A Roads of Nigeria Ltd
  • B Union Bank of Nigeria Ltd
  • C Nigeria Electric Power Authority
  • D Volkswagen (VW) Nigeria Ltd
  • E Kingsway Nigeria Ltd
View Answer & Explanation
Question 18:
Public expenditure creates expansionary effects in the economy when it is
  • A In excess of government revenue
  • B Channelled into capital products
  • C Diverted into imports
  • D Financed through part of the year's total collection of taxes
View Answer & Explanation
Question 19:
The maintenance of general economic stability in the country necessarily relies heavily on?
  • A Federal fiscal policy
  • B Coordinated federal, state and local fiscal policies
  • C Tax and revenue policies of state governments
  • D Federal grants to state and local government
  • E Federal grants to local governments
View Answer & Explanation
Question 20:
The supply of loanable funds is significantly influenced by?
  • A Commercial banks
  • B Mortage banks
  • C Financial intermediaries
  • D The Central Bank
  • E Insurance companies
View Answer & Explanation