Jamb Economics 2019 Past Questions and Answers

Question 116:

• JAMB 2019

The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as_____________

A. Deductive reasoning
B. Positive reasoning
C. Normative reasoning
D. Inductive reasoning

Question 117:

• JAMB 2019

In the long run, all production factors are____________

A. Variable
B. Fixed
C. Semi-variable
D. Semi-fixed

Question 118:

• JAMB 2019

The type of business finance that entitles the holder to a fixed rate of dividend is______________--

A. Bank load
B. Debenture
C. Preferred stock
D. Semi-fixed

Question 119:

• JAMB 2019

Commercial bank reserves at the Central Bank____________

A. Advancing trade, prospects
B. Controlling credit and money supply
C. Reducing bank frauds
D. Discouraging banking operations

Question 120:

• JAMB 2019

If the standard deviation of a given data is 8.2, find its variance_______________

A. 82.0
B. 91.8
C. 67.2
D. 4.1