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Economics Past Questions and Answers

Jamb Economics Questions

Question 36:

The best method to curb inflation in Nigeria is to

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A Reduce importation of commodities
B Increase the general level of production
C Reduce the volume ofmoney supply
D Set up price control boards

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Question 37:

A bank is said to be distressed when it?

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A Is unable to deal with the Central Bank
B Has a low level of capital base
C Has low level of deposits
D Experiences serious liquidity crisis

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Question 38:

One method through which the Central Bank can restrict the commercial banks' power of credit expansion is to?

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A Demand for increased special deposit
B Decrease the cash ratio
C Buy securities in the open market
D Reduce the rate of interests at which banks borrow from it

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Question 39:

Which of the following is the cheapest for the government in improving the welfare of its citizens?

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A Subsidy
B Income supplement
C Donation to specific projects
D Wages increase

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Question 40:

Which of the following is mostly used to determine the cost of living?

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A Marginal changes in prices
B Consumer price index
C Prices of imported and exported commodities
D Producer price index

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