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
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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
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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
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64
X 2 3 4 5
F 2 5 2 1

 

From the table, the mean of the distribution is___________

A
2.2
B
2.5
C
3.2
D
4.5
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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
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66

From table, how many people scores above 6?

A
25
B
24
C
5
D
30
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67

The following are types of capital except:___________

A
Current capital
B
Saving capital
C
Working capital
D
Social capital
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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
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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
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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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