Economics 2014 Jamb Past Questions and Answers

Question 26 :

• JAMB 2014

Short-term loans for investment are usually obtained through the

A. Stock market
B. Development banks
C. Money market
D. Capital market

Question 27 :

• JAMB 2014

Given a base year and the price index of 175% the following year, which of the following year will arise?

A. The cost of living decreases of that year
B. The cost of living remains unchanged
C. The value of money rises by 75%
D. The value of money falls by 75%

Question 28 :

• JAMB 2014

Wage freeze is a policy measure aimed at

A. Encouraging investors
B. Curbing inflation
C. Regulating standard of living
D. Curbing deflation

Question 29 :

• JAMB 2014

A major obstacle to the development of Nigeria economy is

A. Low capital formation
B. Rural-urban migration
C. Over dependence on oil
D. Poor developmental policies

Question 30 :

• JAMB 2014

Which of the following can be used to measure the Gross National product in an open economy?

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