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Wednesday, 01 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 16:
Which of the following functions does the wholesaler perform to save the retailer burden of carrying large stocks?`
i Breaking the bulk
ii Packing the goods in smaller containers
iii Providing vital information
iv Grant credit facilities
  • A I and ii
  • B I and iv
  • C Ii and iii
  • D I, ii, iii and iv
View Answer & Explanation
Question 17:
Production is said to be completed when?
  • A Goods and services reach the consumers
  • B Prices of goods and services are determined
  • C Goods are sold to the wholesaler
  • D Goods are packaged
View Answer & Explanation
Question 18:
a debenture share entitles its holder to?
  • A Participate in the annual general meeting of the company
  • B Share in the dividends declared
  • C Recieve a fixed interest on sums invested
  • D Have a representative on the Board of Directors
View Answer & Explanation
Question 19:
A public liability company is different from a private limited company because i?
  • A Is registered with the registrar of companies
  • B Is a legal entity
  • C Can raise capital of size by way of loans
  • D Can sell shares in the stock exchange
View Answer & Explanation
Question 20:
A modern corporation is owned by?
  • A Debenture holders
  • B Ordinary shareholders
  • C Preference shareholders
  • D Creditors
View Answer & Explanation