Jamb Economics 1985 Past Questions and Answers

Question 36:

• JAMB 1985

Foreign exchange control in Nigeria is administered by the?

A. United Bank for Africa
B. Union Bank of Nigeria
C. First Bank Of Nigeria
D. Central Bank of Nigeria
E. Natonal Bank of Nigeria

Question 37:

• JAMB 1985

Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?

A. 14 days
B. 30 days
C. 60 days
D. 90 days
E. 100 days

Question 38:

• JAMB 1985

How many National Development Plans did Nigeria have between 1960 and 1984?

A. One
B. Two
C. Four
D. Five
E. Six

Question 39:

• JAMB 1985

If an economy grows at an annual rate of 6%, of which is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to

A. Technical progress
B. Size of the population
C. Amount of natural resources
D. The environment
E. The quality of human resources

Question 40:

• JAMB 1985

The process by which a country attempts to reduce the import of manufactured goods at home is described as?

A. Export-promotion
B. Import-substitution
C. Industrialization
D. Export-diversification
E. Import-creation