Jamb Economics 2004 Past Questions and Answers

Question 6:

• JAMB 2004

The primary function of non-bank financial institutions is to

A. Manage investment portfolios for government
B. Mobilize savings for investment
C. Grant loans to banks
D. Receive deposits from banks

Question 7:

• JAMB 2004

In an open economy, the GNP is measured as

A. C+I+G+X
B. C+I+G+(X-M)
C. C+I+G+M
D. C+I+G

Question 8:

• JAMB 2004

The capital market provides business firms with the avenue to

A. Lease capital equipment
B. Obtain long-term funds
C. Obtain short-term funds
D. Purchase capital equipment

Question 9:

• JAMB 2004

Which financial institution is charged with the formulation of monetary polices in Nigeria?

A. The Central Bank of Nigeria
B. The Nigeria Deposit Insurance Corporation
C. The Abuja Commodity Exchange
D. The Lagos Stock Exchange

Question 10:

• JAMB 2004

GDP differs from GNP because GDP

A. Is inclusive of depreciation
B. Emphasizes the final goods and service produced within the country at a particular period
C. Emphasizes the goods and services within the country
D. Emphasizes the market value of all final goods and services produced by nationals