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Wednesday, 08 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:
Inflation that is usually associated with periods of trade boom is
  • A Creeping inflation
  • B Cost-push inflation
  • C Stagflation
  • D Demand-pull inflation
View Answer & Explanation
Question 22:
The monetary control instrument most effectively used by the Central Bank of Nigeria is the
  • A Open market operations
  • B Margin requirment
  • C Reserve ratio
  • D Discount rate
View Answer & Explanation
Question 23:
Securities are described as listed when they are
  • A Mobilished as long-term debt instruments
  • B Traded on a recognised stock market
  • C Bought and sold purely for development purposes
  • D Mobilized as short-term debt instruments
View Answer & Explanation
Question 24:
An advantage of the sole proprietorship over the partnership from of business organisation is that
  • A Its existence is limited by an individual's life span
  • B It relies on the decision of friends to succeed
  • C The possibility of conflict in management is virtually non-existent
  • D It enjoys limited liability for debt in the event of failure
View Answer & Explanation
Question 25:
The distinction between capital and recurrect expenditure lies in the
  • A Nature of the goods and services to be provided
  • B Time frame of the expenditure
  • C Source of the revenue generated
  • D Amount of expenditure involved
View Answer & Explanation