Jamb Economics 1997 Past Questions and Answers

Question 31:

• JAMB 1997

Banks can create more money by?

A. Increasing its cash ratio with the Central Bank
B. Issuing more banks cheques
C. Accepting more deposits from customers
D. Lending out money from customers deposits

Question 32:

• JAMB 1997

Stock and shares as well as bonds are examples of instruments used in the?

A. Commodity markets
B. Money markets
C. Capital markets
D. Security markets

Question 33:

• JAMB 1997

The use of legally permissible means to reduce tax liabilities is known as tax?

A. Evasion
B. Avoidance
C. Reliefs
D. Exemption

Question 34:

• JAMB 1997

The greatest proportion of government revenue in Nigeria comes from?

A. Export of raw materials
B. Income taxes on individuals and business
C. Custom duties and excise duties
D. Loans and grants from industrially advanced countries

Question 35:

• JAMB 1997

One of the factors which is likely to check the growth of public debts is?

A. Bridging the resources gap
B. Debt reputation
C. Debts rescheduling
D. Debt-equility swap