Jamb Economics 1990 Past Questions and Answers

Question 26:

• JAMB 1990

Which of the following is likely to be inflationary?

A. Tax increase
B. Increase in unemployment
C. Budget surplus
D. Wages increase

Question 27:

• JAMB 1990

The basic purpose of imposing legal reserve requirements on commercial bank is to?

A. Assure the profitability of commercial banks
B. Provide a device through which credit creation by banks can be controlled
C. Provide a proper ratio between earning and non-earning bank assets
D. Provide the Central Bank with working capital

Question 28:

• JAMB 1990

Find the total credit that the banking system can create if primary deposit is just N100.00 while the cash ratio is 20%

A. 700.00
B. 600.00
C. 500.00
D. 400.00

Question 29:

• JAMB 1990

Which of the following is a liability of a commercial bank?

A. Deposits in bank
B. Loans made by the bank to individuals
C. Loans made by the bank to other banks
D. Bonds purchased by the bank

Question 30:

• JAMB 1990

A tax on a commodity whose supply is perfectly inelastic is?

A. Shifted completely on the consumer
B. Completely borne by the supplier
C. Dividend in the ratio 60;40 between the consumer and the supplier
D. Divided half-and-half between the producer and the consumer