2018 - JAMB Economics Past Questions and Answers - page 7
61
A group formed to enable members adopt a common policy in labour negotiation is known as?
A
Employer’s association
B
Craft Union
C
Trade union
D
Employee’s union
62
One of the major forms of migration that tends to create problem in all developing countries is that of___________
A
Rural-urban migration
B
Rural-rural migration
C
Urban-rural migration
D
Seasonal migration
63
When a union is composed of workers with the same skill , it is called____________
A
An industrial union
B
A workers union
C
A craft union
D
A technical union
64
| X | 2 | 3 | 4 | 5 |
| F | 2 | 5 | 2 | 1 |
Â
From the table, the mean of the distribution is___________
A
2.2
B
2.5
C
3.2
D
4.5
65
The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?
A
Commercial bank
B
Central bank
C
Mortgage bank
D
Merchant bank
66
From table, how many people scores above 6?
A
25
B
24
C
5
D
30
67
The following are types of capital except:___________
A
Current capital
B
Saving capital
C
Working capital
D
Social capital
68
Import duty and tariffs is an instrument used for international trade restriction and so is __________?
A
Preferential duties
B
Preferential treatment
C
Entreport
D
Trade license
69
Given the table, if the total budget of the country to be 100 million naira, what is the ratio of expenditure on manufacturing to agriculture?
A
1:2
B
3:2
C
2:1
D
2:3
70
The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________
A
Sales promotion
B
Term of trade
C
Export promotion
D
International trade
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