Monetary policy and its instruments - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2018

A contractionary monetary policy is used to control__________

A. Deflation
B. Inflation
C. Recession
D. Balance of Payment deficit

Question 3:

• JAMB 2019

The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?

A. Revenue generation
B. Economic development
C. Fiscal Policy
D. Taxation

Question 4:

• JAMB 1982

Monetary policy does NOT involve

A. Increasing the import duties
B. Buying or selling treasury bills by the Central Bank
C. Printing of more currency note
D. Increasing or decreasing cash reserve ratio by the Central Bank
E. Raising the level of interest

Question 5:

• JAMB 1992

Monetization refers to the ratio of?

A. Total transactions to monetary transactions
B. Monetary assets to total assets
C. Monetary transactions to total transactions
D. Money in circulation to total income