Jamb Economics 2018 Past Questions and Answers

Question 6:

• JAMB 2018

One of these is not a problem of agriculture___________

A. Provision of employment
B. Lack of preservation and storage facilities
C. Land tenure system
D. Poor transportation systems

Question 7:

• JAMB 2018

The business risks of a public corporation are borne ultimately________

A. By the government
B. By the treasury
C. By the rate payers
D. By the tax payers

Question 8:

• JAMB 2018

Poverty simply refers to the low level of________

A. Planning
B. Per capita income
C. Rich people
D. Labour face

Question 9:

• JAMB 2018

When a member's currency is declared "scarce", it is the duty of the IMF to______

A. Suspend the member state indefinitely
B. Ban all exports from that state
C. Suspend dealings in that currency for one year
D. Ration it among the countries demanding it

Question 10:

• JAMB 2018

Most of the National debts is "dead weight" in the sense that is____

A. Bound to increase from year to year
B. Accumulated as the result of past capital investment
C. The responsibility of the treasury
D. Not covered by any real asset