Jamb Economics 1982 Past Questions and Answers

Question 26:

• 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 27:

• 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 28:

• 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

Question 29:

• JAMB 1982

One of the ways by which Government derives revenue from industrial enterprises in West Africa is?

A. Tariffs
B. Excise duties
C. Poll tax
D. Import duties
E. Community tax

Question 30:

• JAMB 1982

What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?

A. Availability of labour in the area
B. Acces to transport facilities
C. Nearness of raw materials
D. Availability of power
E. Nearness of Technical and Engineering School