Search SchoolNGR

Economics Past Questions and Answers

Jamb Economics Questions

Question 11:

An accurate population census is important in other to

SchoolNGR Classroom

A Produce more food for the growing population
B Provide employment opportunities for the people
C Estimate a country's per capita income
D Fast track industrial development

View Answer & Explanation

Question 12:

A major determinant of floating exchange rate is

SchoolNGR Classroom

A The highest denomination of the currency
B An Act of the parliament
C The system of government
D The forest of demand and supply

View Answer & Explanation

Question 13:

If the importation of a commodity is limited to a definite quantity, the trade control measure imposed is

SchoolNGR Classroom

A Excise duties
B Import duties
C Quotas
D Tariff

View Answer & Explanation

Question 14:

The main objective of WTO is to

SchoolNGR Classroom

A Ensure adequate protection of infant industries
B Provide a mechanism for tariff reduction
C Assist countries with chronic balance of payments problem
D Assist developing countries to execute developmental projects

View Answer & Explanation

Question 15:

The major contribution of OPEC to the Nigerian economy is the

SchoolNGR Classroom

A Provision of social infrastructures
B Granting of subsidies on petroleum products
C Stabilization of oil prices
D Building of refineries

View Answer & Explanation

Stay Updated

Follow us on:

Subjects