Jamb Economics 1992 Past Questions and Answers

Question 31:

• JAMB 1992

When interest rates are high and still rising the least-cost method used by public limited companies to obtain additional funds for their operations is by?

A. Obtaining life-term loans from merchant banks
B. Obtain short-term loans from commercial banks
C. Selling floating-rate debenture stocks to the general public
D. Selling new ordinary shares to the general public

Question 32:

• JAMB 1992

The objective of public finance is to promote?

A. Full employment, national income and price stability
B. Government revenue drive and expenditure to as high a level as possible
C. The expansion of government social services
D. Government revenue drive and minimize government expenditure

Question 33:

• JAMB 1992

An account from which allocations are made to the three tier of government in Nigeria is called the?

A. National Income Account
B. Public Sector
C. Federation account
D. National Revenue Mobilization Account

Question 34:

• JAMB 1992

\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\
\hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \\ \hline
\text{Population(Million)} & 20 & 24 \\
\end{array}\)
What is the percentage increase in GNP between year 1 and year 2?

A. 3.5.0%
B. 14.0%
C. 20.0%
D. 35.0%

Question 35:

• JAMB 1992

\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\
\hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \\ \hline
\text{Population(Million)} & 20 & 24 \\
\end{array}\)
Calculate the GNP per head of the population in year 1 and year 2.

A. N2000.00, N1000.00
B. N1125.00; N2000.00
C. N1000.00, N2000.00
D. N1000.00; N1125.00