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Economics Past Questions and Answers

Jamb Economics Questions

Question 1:
The regulatory authority of the capital market in Nigeria is the
  • A Central Bank
  • B Securities and Exchange Commission
  • C Nigerian Deposit Insurance Corporation
  • D Stock Exchange Market
View Answer & Explanation
Question 2:
The regulatory authority of the capital market in Nigeria is the
  • A Central Bank
  • B Securities and Exchange Commission
  • C Nigerian Deposit Insurance Corporation
  • D Stock Exchange Market
View Answer & Explanation
Question 3:
In the long run, the equilibrium point of a monoplistic firm is a point where the
  • A Marginal cost curve is tangential to the average fixed cost curve
  • B Demand curve is tangential to the average variable cost curve
  • C Supply cuvre is tangential to the marginal cost curve
  • D Demand curv is tangential to the average cost curve
View Answer & Explanation
Question 4:
Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income?
  • A N380m
  • B N20m
  • C N180m
  • D N200m
View Answer & Explanation
Question 5:
Above full employment level, an expansionary monetary policy will lead to a
  • A Decrease in aggregate supply
  • B Fall in the inflation rate
  • C Rise in the inflation rate
  • D Fall in aggregate demand
View Answer & Explanation