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Wednesday, 08 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 31:
Statutory organisations usually established by Acts of Parliament are called
  • A Public corporations
  • B Cooperative societies
  • C Joint-stock companies
  • D Public enterprises
View Answer & Explanation
Question 32:
The effect of an increase in the personal income tax is to
  • A Reduce unemployment
  • B Raise the absolute price level
  • C Reduce the disposable income
  • D Distort the economy
View Answer & Explanation
Question 33:
IBRD as an international monetary institution is concerned with the
  • A Improvement of trade among member nations
  • B Development of infrastructure in member nations
  • C Balance of payments problems of member nations
  • D Financing of private businesses in member nations
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Question 34:
To compare the standard of living among nations, the most widely used economic indicator is the
  • A Real gross national income
  • B Real domestic output
  • C Real per capita income
  • D Per capita nominal income
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Question 35:
The major role of multi-national companies in the petroleum industry in Nigeria is
  • A The establishment of refineries
  • B Oil marketing and prospecting
  • C Oil marketing only
  • D Oil prospecting only
View Answer & Explanation