Jamb Economics 1982 Past Questions and Answers

Question 11:

• JAMB 1982

Who controls a limited liability company ?

A. The general manager
B. The managing director
C. The owner of 51% of shares
D. The board of directors
E. The government

Question 12:

• JAMB 1982

The National Electric Power Authority (NEPA) is a?

A. Public limited company
B. Public liability company
C. Private authority
D. Public corporation
E. Federal government authority

Question 13:

• JAMB 1982

Which one of the following functions of banks in Nigeria is reserved to the Central Bank?

A. Accepting deposits
B. Serving as agents for payments
C. Issuing bank-notes
D. Lending to customers
E. Purchasing and selling of stock exchange securities

Question 14:

• JAMB 1982

The difference between visible exports and invisible exports of a country, in money terms, is known as the?

A. Balance of trade
B. Balance of payments
C. Terms of trade
D. Foreign reserves
E. Special drawing right

Question 15:

• JAMB 1982

The main economic goal of ECOWAS is the attainment of ?

A. Regional free trade
B. Multilateral trade
C. Bilateral trade
D. Economic self-reliance
E. The economic emancipation of Africa