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Monday, 13 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 11:
The arithmetic mean of 5, 8, 10, 15, 24 and 28 is_______
  • A 145
  • B 15
  • C 90
  • D 6
View Answer & Explanation
Question 12:
A method of analysis that draws conclusions from data rather than general Principles already known is________
  • A Deductive reasoning
  • B Inductive reasoning
  • C Normative reasoning
  • D Positive reasoning
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Question 13:
The money market equilibrium is defined as_________
  • A When the demand and supply of money are equal
  • B When demand is greater than supply of money
  • C When demand is less than supply of money
  • D When supply is greater than demand for money
View Answer & Explanation
Question 14:
An economic condition in which much reduced economic activity co-exists with inflation is referred to as__________
  • A Stagflation
  • B Inflationary spiral
  • C Slump inflation
  • D Inflationary gap
View Answer & Explanation
Question 15:
An Instrument used by the central bank to fix commercial and merchant banks total credit to domestic economy is________
  • A Monetary policy
  • B Fiscal policy
  • C Credit ceiling
  • D Open market operation
View Answer & Explanation