Question 611:

• JAMB 1982

The chief sources of Federal Government revenue in Nigeria are?

A. Import duties, petroleum, import tax, profit tax, royalties and government dividends
B. Personal income tax, excise tax and vehicle licenses
C. Export duties, personal income tax and royalties
D. Property income, sales tax and excise tax
E. Import duties, sales tax and poll tax

Question 612:

• JAMB 1982

Function of commercial banks do NOT include?

A. Lending with interest charges
B. Carrying out transactions on behalf of customers
C. Expansion of money supply
D. Keeping of security document s for customers
E. Printing of currency

Question 613:

• JAMB 1982

Monetary policy does NOT involve

A. Increasing the import duties
B. Buying or selling treasury bills by the Central Bank
C. Printing of more currency note
D. Increasing or decreasing cash reserve ratio by the Central Bank
E. Raising the level of interest

Question 614:

• JAMB 1982

In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the

A. Dependency ratio is high
B. Population is optimum
C. Ratio of females to males is high
D. Population is growing at less than equilibrium
E. Population is growing according to Malthus theory

Question 615:

• JAMB 1982

Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?

A. Open market operation
B. Reserve requirements
C. Bank rate
D. Directives
E. Special deposits