Jamb Economics 2000 Past Questions and Answers

Question 31:

• JAMB 2000

Exclusions that makes Gross National Product a poor measure of welfare are?

A. Goverment purchases
B. Government millitary outlays
C. Wages and salaries
D. Housewives services

Question 32:

• JAMB 2000

An increase in money supply, other things being equal, will?

A. Lower interest rates
B. Reduce income
C. Ensure trade balance
D. Increase money demand

Question 33:

• JAMB 2000

A persistent rise in the general level of prices implies?

A. An increase in some prices
B. A one-time rise in prices
C. A steady fall in the purchasing power of money
D. That the higher the price level, the more the value of money

Question 34:

• JAMB 2000

Two principal ways by which banks can lend money to their customers are through?

A. Loans and overdrafts
B. Loans and discounting bills
C. Overdrafts and cheques
D. Overdraft and treasury bills

Question 35:

• JAMB 2000

A capital market differs from the money market in that in the former?

A. Loan sought is short term
B. Loan reayment is guaranteed
C. Loan sought is long term
D. The percentage of interest chargedis more