Jamb Economics 2013 Past Questions and Answers

Question 26:

• JAMB 2013

A tax on land will ultimately fall

A. Partly on agents and users
B. Entirely on users
C. Entirely on owners
D. Partly on users and owners

Question 27:

• JAMB 2013

An example of an expansionary fiscal policy action is

A. Decrease in the corporate profit tax rates
B. Decrease in welfare payments
C. Purchase of government securities
D. Decrease in the bank rate

Question 28:

• JAMB 2013

One of the goals of development plans in Nigeria is to

A. Increase the profitability of multinational businesses
B. Improve the country's GDP
C. Achieve higher standard of living for the citizens
D. Deregulate the economy

Question 29:

• JAMB 2013

Life insurance companies contribute to economic development by holding a part of their assets in

A. Long-term financial instruments
B. Money market instruments
C. Cash and near money
D. Short-term financial instruments

Question 30:

• JAMB 2013

In order to add value to Nigeria agricultural produce, there is need to

A. Cultivate high breed crops
B. Process them into finished goods
C. Adopt modern storage methods
D. Advertise them in European markets