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Thursday, 02 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 26:
An issue of bank-notes not backed by gold but by government securities is known as?
  • A Fiduciary isssue
  • B Guaranteed money
  • C Seignior age
  • D Legal tender
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Question 27:
A rise in the market price of fixed interest securities is an indication that the?
  • A Supply of money has decreased
  • B Liquidity preference has increased
  • C Market rate of interest has risen
  • D Market rate of interest has fallen
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Question 28:
An increase in government expenditure will lead to?
  • A Investment opportunities for foreign investors
  • B An increase in the level of aggregate demand
  • C An increase in total tax revenue
  • D Reduction in total tax revenue
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Question 29:
When an indirect tax is levied on the producer of a good, the burden on the consumer will depend largely on the?
  • A Elasticity of demand for the good
  • B Proportion of the consumer's income spent on the good
  • C Elasticities of demand and supply of the commodity
  • D Availability of substitiutes for the commodity
View Answer & Explanation
Question 30:
If a government wants to reduce the level of inflation, it will?
  • A Run a budget surplus
  • B Run a budget deficit
  • C Run a balanced budget
  • D Borrow more money
View Answer & Explanation