1992 - JAMB Economics Past Questions and Answers - page 3
21
Firms are often set up close to each other in order to take advantage of?
A
supply or skilled labour
B
agglomeration economies
C
internal economies of scale
D
external economies of scale
correct option: d
Users' Answers & Comments22
The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the?
A
availability of market and most of the raw materials required
B
availability of the necessary machinery required
C
experience of Nigerian producers
D
relatively lower cost of production of such goods
correct option: a
Users' Answers & Comments23
A significant effect of the growth of the oil sector in Nigeria has been to?
A
increase the rate of unemployment
B
diminish the percentage contribution of the agricultural sector to GNP
C
slow down the pace of industrialization
D
retard the rate of economic growth
correct option: b
Users' Answers & Comments24
Because most of her crude oil is exported, the foreign exchange earnings and the forward linkage effects Nigeria realize from her oil production are?
A
both high
B
respectively high and low
C
respectively low and high
D
both low
correct option: b
Users' Answers & Comments25
Which of the following is NOT directly concerned with dealings in treasury bills?
A
The stock exchange
B
The Central bank
C
Commercial banks
D
Discount houses
correct option: d
Users' Answers & Comments26
Monetization refers to the ratio of?
A
total transactions to monetary transactions
B
monetary assets to total assets
C
monetary transactions to total transactions
D
money in circulation to total income
correct option: d
Users' Answers & Comments27
The best way to reduce the supply of money in the economy is to?
A
increase the liquidity ratio
B
increase the number of bank-notes and cheques produced
C
decrease treasury bills
D
liberalize access to credit
correct option: a
Users' Answers & Comments28
The total amount of money in circulation includes cash?
A
and current account
B
owned by banks and the non-bank public
C
and current acount balances owned by banks and non-bank public
D
owned by banks, the government and the non-bank public
correct option: c
Users' Answers & Comments29
To reduce the high rate of inflation in the economy, the government should?
A
increase taxes and have a budget surplus
B
increase taxes and have a budget defilicit
C
decrease taxes and have a budget defilicit
D
decrease taxes and have a balance budget
correct option: a
Users' Answers & Comments30
When interest rates are high and still rising the least-cost method used by public limited companies to obtain additional funds for their operations is by?
A
obtaining life-term loans from merchant banks
B
obtain short-term loans from commercial banks
C
selling floating-rate debenture stocks to the general public
D
selling new ordinary shares to the general public
correct option: d
Users' Answers & Comments