Jamb Economics 1995 Past Questions and Answers

Question 41:

• JAMB 1995

Ajanka, a medical student entitled to an annual allowance of N6,000, decides to leave the university to take up a job where he earns N7,000 per annum. By this singular act, the national income level will?

A. Increase by N1,000
B. Decrease by N 7,000
C. Increase by N7,000
D. Increase by N 13,000

Question 42:

• JAMB 1995

An increasing population might be of economic benefit to a country if?

A. The female population is greater than the male population
B. The dependency ratio is increasing as the total population increases
C. A continuosly higher proportion falls into working class category
D. The rural and urban proportion ae balanced

Question 43:

• JAMB 1995

The demand made on each other by the agriculture and industrial sector as the economy grows are reflected in?

A. Backward and forward linkages
B. Horizontal and vertical linkages
C. Vertical linkages
D. Functional linkages

Question 44:

• JAMB 1995

Foreign exchange rate in a free market economy is determined by?

A. The government
B. The Central Bank
C. Demand and supply
D. Commercial banks

Question 45:

• JAMB 1995

The primary objective of all international economic organizations is to?

A. Ensure that third world countries get a better share of the world's resources
B. Promote international economic co-operation for the mutual benefit of all members
C. Enforce structural adjustment programmes on less developed countries
D. Encourage exports from the developed to the less developed countries