Jamb Economics 1982 Past Questions and Answers

Question 46:

• JAMB 1982

All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria

A. Price stabilization
B. Efficient marketing of agriculture crops
C. Provision of funds for building access roads
D. Development of the agricultural industry
E. Establishment of agro-allied industries

Question 47:

• JAMB 1982

Which of the following countries is NOT a member of the economic Community of West African States?

A. Sierra Leone
B. Sudan
C. Gambia
D. Nigeria
E. Guinea

Question 48:

• JAMB 1982

In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?

A. Imposing import bans on some commodity
B. Imposing import duties
C. Drawing down on external reserves
D. Purchasing foreign exchanges from foreign countries
E. Devaluation of the currency

Question 49:

• JAMB 1982

What is the growth rate of GNP?

A. 18%
B. 10%
C. 6.7%
D. 0.5%
E. 4.1%3

Question 50:

• JAMB 1982

What is the growth rate of employment?

A. 18%
B. 10%
C. 6.7%
D. 5.7%
E. 4.1%