Jamb Economics 2005 Past Questions and Answers

Question 36:

• JAMB 2005

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

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

Question 37:

• JAMB 2005

The loans from the World Bank to developing countries are mainly to support

A. Capital-intensive technology
B. The establishment of universities
C. Their infrastructure investment
D. Their level of consumption

Question 38:

• JAMB 2005

Economic growth is different from economic development because economic growth

A. Describes expansion and change
B. Is measurable but not objective
C. Describes expansion and not change
D. Is not measurable but objective

Question 39:

• JAMB 2005

A long-term capital outflow is recorded in the balance of payment as a

A. Credit on the capital account
B. Credit on the current account
C. Debit on the current account
D. Debit on the capital account

Question 40:

• JAMB 2005

Business organization in which the owners' personal property may be forfeited in the event of bankruptcy are

A. Partnerships and limited liability companies
B. Partnerships and sole proprietorships
C. Cooperatives and sole proprietorship
D. Corporation and sole proprietorship