Jamb Economics 2001 Past Questions and Answers

Question 31:

• JAMB 2001

The raising of funds by selling stocks to the public is called?

A. Equity financing
B. Stock financing
C. Debt financing
D. Loan financing

Question 32:

• JAMB 2001

A tax that increases at a higher percentage as income increase is called?

A. A proportion tax
B. A regressive tax
C. A progressive tax
D. An income tax

Question 33:

• JAMB 2001

The price paid for labour services is the?

A. Commission rate
B. Wages rate
C. Income rate
D. Salary rate

Question 34:

• JAMB 2001

The capital market is a market for trading of financial assets such as?

A. Bankers' acceptances
B. Treasury bills
C. Long-term securities
D. Commercial papers

Question 35:

• JAMB 2001

In national income accounting, NNP is derived by subtracting from the GNP?

A. Transfer payments
B. Indirect taxes
C. Allowance for wastage
D. Capital consumption