1992 - JAMB Economics Past Questions and Answers - page 4
31
The objective of public finance is to promote?
A
full employment, national income and price stability
B
government revenue drive and expenditure to as high a level as possible
C
the expansion of government social services
D
government revenue drive and minimize government expenditure
correct option: a
Users' Answers & Comments32
An account from which allocations are made to the three tier of government in Nigeria is called the?
A
National Income Account
B
Public Sector
C
Federation account
D
National Revenue Mobilization Account
correct option: c
Users' Answers & Comments33
\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\ \hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \ \hline
\text{Population(Million)} & 20 & 24 \\ \end{array}\)
What is the percentage increase in GNP between year 1 and year 2?
& \text{Year 1} & \text{Year 2} \\ \hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \ \hline
\text{Population(Million)} & 20 & 24 \\ \end{array}\)
What is the percentage increase in GNP between year 1 and year 2?
A
3.5.0%
B
14.0%
C
20.0%
D
35.0%
correct option: d
Users' Answers & Comments34
\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\ \hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \ \hline
\text{Population(Million)} & 20 & 24 \\ \end{array}\)
Calculate the GNP per head of the population in year 1 and year 2.
& \text{Year 1} & \text{Year 2} \\ \hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \ \hline
\text{Population(Million)} & 20 & 24 \\ \end{array}\)
Calculate the GNP per head of the population in year 1 and year 2.
A
N2000.00, N1000.00
B
N1125.00; N2000.00
C
N1000.00, N2000.00
D
N1000.00; N1125.00
correct option: d
Users' Answers & Comments35
In national income accounting, aggregate saving in any year is defined as?
A
all disposable income not spent on consumption
B
all savings deposits in all banks during the year
C
all savings and time deposits in all banks during the year
D
the value of inventory change for the year
correct option: a
Users' Answers & Comments36
Which of the following combinations is a veritable set of development indicators?
A
Growth of governemnt expenditure and imports
B
Growth of population and national income
C
High fertility, literacy and school enrolment rates
D
Low infant mortality and high per capital income and literacy rates
correct option: d
Users' Answers & Comments37
If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?
A
the size of population
B
technical progress
C
the environment
D
the amount of natural resources
correct option: b
Users' Answers & Comments38
If a country has a balance of payment crisis, which of the following measures can best bring about a improvement in the short run?
A
Large-scale importation of foreign goods
B
Investment in capital market abroad
C
Large-scale export of locally made abroad
D
Repayment of debt to her creditors
correct option: c
Users' Answers & Comments39
When a foreigner on a visit to Nigeria pays for hotel accommodation and meals with some foreign currency,the amount paid should be recorded in Nigeria's balance of payment as an item of?
A
Nigeria's invisible export trade
B
Nigeria's import trade
C
Nigeria's invisble trade
D
foreign capital inflow into Nigeria
correct option: a
Users' Answers & Comments40
The Nigerian Trust Fund is managed on behalf of Nigeria by the?
A
World Bank
B
International Monetary Fund
C
African Development Bank
D
Economic Commission for Africa
correct option: c
Users' Answers & Comments