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Economics Past Questions and Answers

Jamb Economics Questions

Question 16:

Liquidity preference refers to the?

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A Needs to borrow money for short periods to meet some temporary crises
B Wish to hold more funds for precautionary purpose
C Need to increase the money supply in order to lower the interest rate
D Demand to hold money as assets rather than as stocks

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Question 17:

Creeping inflation implies that there is a?

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A Gentle and persistent increase in the general price level
B Rapid and persistent increase in the general price level
C Gentle but not permanent increase in the general price level
D Rapid but not permanent increase in the general price level

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Question 18:

The primary objective of the NDIC is to?

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A Give protection to the CBN against fraud
B Provide regulations guiding the finance houses
C Give protection against fraud
D Give protection to bank depositors

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Question 19:

Excess demand inflation can be controlled through?

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A Contractionary fiscal policy
B Contractionary trade policy
C Expansionary fiscal policy
D Expansionary monetary policy

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Question 20:

The middlemen in the chain of distribution are?

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A Manufacturers and consumers
B Wholesalers and retailers
C Consumers and wholesalers
D Retailers and consumers

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