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Economics Past Questions and Answers

Jamb Economics Questions

Question 76:
The main objective of marketing boards is to
  • A Accumulate revenue for government
  • B Educate farmers on pricing of cash crops
  • C Stabilize the incomes of cash crop farmers
  • D Provide warehousing facilities
View Answer & Explanation
Question 77:
The point x inside the ppc indicate?
  • A Resources are fully utilized
  • B The country is poor
  • C Some resources are idle
  • D Resources are not available
View Answer & Explanation
Question 78:
Which of the following industries will add more value to primary products?
  • A Service industry
  • B Construction industry
  • C Mining industry
  • D Processing industry
View Answer & Explanation
Question 79:
Gross National Product (GNP) less the provision for the wear and tear of assets is the
  • A Net present value
  • B Net national product
  • C Net factor income
  • D Net indirect taxes
View Answer & Explanation
Question 80:
An example of transfer payments in national income accounting is
  • A Money transferred to another country
  • B Unemployment allowance paid to the citizens
  • C The amount paid to a worker on transfer
  • D Transfer of funds from one bank to another
View Answer & Explanation