2001 - JAMB Economics Past Questions and Answers - page 2
11
The losses suffered by a sole proprietor are?
A
usually equal to the amount invested
B
usually less than the amount invested
C
limted to the amount invested
D
not limited to the amount invested
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12
To facilitate the exportation of crude oil from Nigeria, special?
A
airstrips were constructed for jets to evacute the oil
B
roads were built to connect the major oil wells to the ports
C
pipelines were laid to connect the major oil wellsto the ports
D
railway lines were constructed to connect the major oil wells to the ports
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13
An industry is?
A
company producing unrelated commodities
B
group of firms producing related commodities
C
group of firms producing distinct commodities
D
firms producing differentiated commodities
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14
The raising of funds by selling stocks to the public is called?
A
equity financing
B
stock financing
C
debt financing
D
loan financing
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15
A tax that increases at a higher percentage as income increase is called?
A
a proportion tax
B
a regressive tax
C
a progressive tax
D
an income tax
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16
The price paid for labour services is the?
A
commission rate
B
wages rate
C
income rate
D
salary rate
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17
The capital market is a market for trading of financial assets such as?
A
bankers' acceptances
B
treasury bills
C
long-term securities
D
commercial papers
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18
In national income accounting, NNP is derived by subtracting from the GNP?
A
transfer payments
B
indirect taxes
C
allowance for wastage
D
capital consumption
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19
Economic growth can be accelerated through?
A
balancing of savings and consumption
B
postponement of current consumption
C
planned current consumption
D
increased current consumption
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20
An increase in the discount rate is an indication of a central bank's intention to pursue?
A
an expansionary monetary policy
B
a disciplined monetary policy
C
a dynamic monetary policy
D
a contractionary monetary policy
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