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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:

The most important limitation on the partner as a form of business enterprise is the?

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A Implication for partners'liability
B Legal limitation placed on the number of partners
C Difficulties arising from having two co-ordinate heads of a firm
D Fact that each partner regardless of the capital he contributes, must have the same voting rights

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Question 27:

Under partnership, investors who have no desires to be actively involved in the day-to-day management of such organization, are called?

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A Stockholders
B Sleeping partners
C Part-time investors
D Ordinary partners

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Question 28:

Localization of industries refers to the?

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A Tendency to concentrate industries in particular areas
B Sitting of industries in certain areas
C Deliberate policy of influencing location of industries generally
D Zoning of industries

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Question 29:

Restriction on credit creation by commercial banks can be effected through?

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A An overdraft
B Loans and advances
C Demand deposits
D Liquidity ratio

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Question 30:

Which of the following factors enhances the ability of commercial banks to create money?

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A Reduction in the reserve ratio
B Leakage of cash out of banking system
C Excess of reserves
D Insistence on collateral security

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