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Wednesday, 08 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 31:
When a country's population is experiencing increasing returns, that country is said to be?
  • A Overpopulated
  • B Economically poor
  • C Over-producing goods and services
  • D Under-populated
View Answer & Explanation
Question 32:
The most important attribute of money is?
  • A Homogeneity
  • B Relative scarcity
  • C Divisibility
  • D General acceptance
View Answer & Explanation
Question 33:
The use of legally permissible means to reduce tax liabilities is known as tax?
  • A Evasion
  • B Avoidance
  • C Relief
  • D Exemption
View Answer & Explanation
Question 34:
The Economic Commission for Africa was set up by the?
  • A UNO
  • B ECOWAS
  • C OAU
  • D IMF
View Answer & Explanation
Question 35:
One of the techniques of monetary control used by the central bank of Nigeria is
  • A Selective credit control
  • B Budget deficit
  • C Foreign exchange control
  • D Monitoring the general price level
View Answer & Explanation