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Economics Past Questions and Answers

Jamb Economics Questions

Question 31:
The raising of funds by selling stocks to the public is called?
  • A Equity financing
  • B Stock financing
  • C Debt financing
  • D Loan financing
View Answer & Explanation
Question 32:
A tax that increases at a higher percentage as income increase is called?
  • A A proportion tax
  • B A regressive tax
  • C A progressive tax
  • D An income tax
View Answer & Explanation
Question 33:
The price paid for labour services is the?
  • A Commission rate
  • B Wages rate
  • C Income rate
  • D Salary rate
View Answer & Explanation
Question 34:
The capital market is a market for trading of financial assets such as?
  • A Bankers' acceptances
  • B Treasury bills
  • C Long-term securities
  • D Commercial papers
View Answer & Explanation
Question 35:
In national income accounting, NNP is derived by subtracting from the GNP?
  • A Transfer payments
  • B Indirect taxes
  • C Allowance for wastage
  • D Capital consumption
View Answer & Explanation