2005 - JAMB Economics Past Questions and Answers - page 4
31
In economics, production takes place only when
A
producers sell to retailers
B
value has been added to a commodity
C
modern equipment is used
D
consumption has taken place
correct option: d
Users' Answers & Comments32
The monetization policy of the Nigerian government is aimed at
A
encouraging public servants to retire early and become self-employed
B
transferring government's properties to retired public servants
C
reducing government's burden on the provision of fringe benefits to public servants
D
helping government recover properties held by public servants
correct option: c
Users' Answers & Comments33
The price index computed between two time periods is given as 128%,This implies that the
A
disposable income have increased by 28%
B
living standards have fallen by 128%
C
living standards have risen by 128%
D
living standards have fallen by 28%
correct option: b
Users' Answers & Comments34
The problem of planning in Nigeria is mainly in the
A
implementation of the plans
B
appraisal of the plans
C
allocation of scarce resources
D
articulation of the plans
correct option: a
Users' Answers & Comments35
The raising of funds by selling stocks to the public is called
A
equity financing
B
deflcit financing
C
loan financing
D
debt financing
correct option: a
Users' Answers & Comments36
The loans from the World Bank to developing countries are mainly to support
A
capital-intensive technology
B
the establishment of universities
C
their infrastructure investment
D
their level of consumption
correct option: c
Users' Answers & Comments37
Economic growth is different from economic development because economic growth
A
describes expansion and change
B
is measurable but not objective
C
describes expansion and not change
D
is not measurable but objective
correct option: c
Users' Answers & Comments38
A long-term capital outflow is recorded in the balance of payment as a
A
credit on the capital account
B
credit on the current account
C
debit on the current account
D
debit on the capital account
correct option: d
Users' Answers & Comments39
Business organization in which the owners' personal property may be forfeited in the event of bankruptcy are
A
partnerships and limited liability companies
B
partnerships and sole proprietorships
C
cooperatives and sole proprietorship
D
corporation and sole proprietorship
correct option: b
Users' Answers & Comments40
Economic growth is different from economic development because economic growth
A
describes expansion and change
B
is measurable but not objective
C
describes expansion and not change
D
is not measurable but objective
correct option: c
Users' Answers & Comments