Jamb Economics 2022 Past Questions and Answers

Question 76:

• JAMB 2022

The main objective of marketing boards is to

A. Accumulate revenue for government
B. Educate farmers on pricing of cash crops
C. Stabilize the incomes of cash crop farmers
D. Provide warehousing facilities

Question 77:

• JAMB 2022

The point x inside the ppc indicate?

A. Resources are fully utilized
B. The country is poor
C. Some resources are idle
D. Resources are not available

Question 78:

• JAMB 2022

Which of the following industries will add more value to primary products?

A. Service industry
B. Construction industry
C. Mining industry
D. Processing industry

Question 79:

• JAMB 2022

Gross National Product (GNP) less the provision for the wear and tear of assets is the

A. Net present value
B. Net national product
C. Net factor income
D. Net indirect taxes

Question 80:

• JAMB 2022

An example of transfer payments in national income accounting is

A. Money transferred to another country
B. Unemployment allowance paid to the citizens
C. The amount paid to a worker on transfer
D. Transfer of funds from one bank to another