Jamb Economics 1993 Past Questions and Answers

Question 26:

• JAMB 1993

The money market is a financial market that specializes in the provision of?

A. Short-term loans
B. Medium-term loans
C. Long-term loans
D. Venture capital for development projects

Question 27:

• JAMB 1993

Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?

A. The deregulation of the banking system
B. The increase in the number of merchant banks
C. The community banking scheme
D. The deregulation of interest rate

Question 28:

• JAMB 1993

The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit?

A. N 100 000
B. N 800 000
C. N 1000 000
D. N 8000 000

Question 29:

• JAMB 1993

Economic development is distinguishable from economic growth because the former?

A. Is not concerned with growth parameters
B. Affects only the poor people
C. Also includes an efficient distribution of economic growth
D. Is an increase in the production of goods and services

Question 30:

• JAMB 1993

Which of the following can be considered as being outside the objectives of public finance?

A. The allocation of resources to various sectors of the economy
B. The objective of even distribution of income and wealth
C. The achievement of economic stability
D. The deregulation of the economy