Jamb Economics 2014 Past Questions and Answers

Question 11:

• JAMB 2014

An accurate population census is important in other to

A. Produce more food for the growing population
B. Provide employment opportunities for the people
C. Estimate a country's per capita income
D. Fast track industrial development

Question 12:

• JAMB 2014

A major determinant of floating exchange rate is

A. The highest denomination of the currency
B. An Act of the parliament
C. The system of government
D. The forest of demand and supply

Question 13:

• JAMB 2014

If the importation of a commodity is limited to a definite quantity, the trade control measure imposed is

A. Excise duties
B. Import duties
C. Quotas
D. Tariff

Question 14:

• JAMB 2014

The main objective of WTO is to

A. Ensure adequate protection of infant industries
B. Provide a mechanism for tariff reduction
C. Assist countries with chronic balance of payments problem
D. Assist developing countries to execute developmental projects

Question 15:

• JAMB 2014

The major contribution of OPEC to the Nigerian economy is the

A. Provision of social infrastructures
B. Granting of subsidies on petroleum products
C. Stabilization of oil prices
D. Building of refineries