Question 656:

• JAMB 1983

The maintenance of general economic stability in the country necessarily relies heavily on?

A. Federal fiscal policy
B. Coordinated federal, state and local fiscal policies
C. Tax and revenue policies of state governments
D. Federal grants to state and local government
E. Federal grants to local governments

Question 657:

• JAMB 1983

The supply of loanable funds is significantly influenced by?

A. Commercial banks
B. Mortage banks
C. Financial intermediaries
D. The Central Bank
E. Insurance companies

Question 658:

• JAMB 1983

Division of labour has many advantages . Not withstanding, it is greatly limited by?

A. Monotony of work
B. Decline of craftmanship
C. Risk of unemployment
D. Extent of market demand
E. Boredom

Question 659:

• JAMB 1983

In the event of a limited liability company going into liquidation each

A. Shareholder may lose the maximum of the amount he has invested
B. Shareholder loses nothing
C. Shareholders loses everything including his house
D. Shareholder''s liability becomes unlimited
E. Shareholder will lose the amount he has invested plus a proportion of his bank account

Question 660:

• JAMB 1983

A greater burden of the taxes on essential goods is borne by the?

A. Middle income group
B. Higher income group
C. Lower income group
D. People falling between the middle and higher income groups
E. Top few richest people of the country