Jamb Economics 2005 Past Questions and Answers

Question 1:

• JAMB 2005

The regulatory authority of the capital market in Nigeria is the

A. Central Bank
B. Securities and Exchange Commission
C. Nigerian Deposit Insurance Corporation
D. Stock Exchange Market

Question 2:

• JAMB 2005

The regulatory authority of the capital market in Nigeria is the

A. Central Bank
B. Securities and Exchange Commission
C. Nigerian Deposit Insurance Corporation
D. Stock Exchange Market

Question 3:

• JAMB 2005

In the long run, the equilibrium point of a monoplistic firm is a point where the

A. Marginal cost curve is tangential to the average fixed cost curve
B. Demand curve is tangential to the average variable cost curve
C. Supply cuvre is tangential to the marginal cost curve
D. Demand curv is tangential to the average cost curve

Question 4:

• JAMB 2005

Given that Y= C+I, where C= 50+0.75 and I = N45m, what is the equilibrium level of income?

A. N380m
B. N20m
C. N180m
D. N200m

Question 5:

• JAMB 2005

Above full employment level, an expansionary monetary policy will lead to a

A. Decrease in aggregate supply
B. Fall in the inflation rate
C. Rise in the inflation rate
D. Fall in aggregate demand