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Inflation In Nigeria - SS2 Economics Past Questions and Answers - page 1

1

What is the major cause of inflation in Nigeria?

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A

Poor infrastructure

 

B

High cost of production

C

Excessive printing of money by the government

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2

What are the effects of inflation in Nigeria?

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A

Reducing the purchasing power of money

 

B

Lowering the standard of living

C

All of the above

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3

Which of the following is a policy implemented by the CBN to combat inflation in Nigeria?

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A

Reducing interest rates

B

Increasing the money supply

 

C

Encouraging investment in the production sector

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4

What is the role of the Nigerian government in combating inflation?

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A

Developing infrastructure

 

B

Encouraging investment in the production sector

C

Both a and b

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5

What is the Central Bank of Nigeria (CBN) doing to combat inflation in Nigeria?

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