Problems Of Balance Of Trade And Balance Of Payments - Economics Jamb Past Questions and Answers

Question 6 :

• JAMB 1992

If a country has a balance of payment crisis, which of the following measures can best bring about a improvement in the short run?

A. Large-scale importation of foreign goods
B. Investment in capital market abroad
C. Large-scale export of locally made abroad
D. Repayment of debt to her creditors

Question 7 :

• JAMB 1992

When a foreigner on a visit to Nigeria pays for hotel accommodation and meals with some foreign currency,the amount paid should be recorded in Nigeria's balance of payment as an item of?

A. Nigeria's invisible export trade
B. Nigeria's import trade
C. Nigeria's invisble trade
D. Foreign capital inflow into Nigeria

Question 8 :

• JAMB 1994

One of the techniques for rectifying a deficit balance of payment is?

A. Import promotion
B. Devaluation
C. Physical intervention
D. Borrowing from abroad

Question 9 :

• JAMB 1997

The organization which provides credit to help countries achieve short-term balance in their balance of payment is the?

A. Economic Community of West Africa States
B. International Monetary Fund
C. International Bank for Reconstruction and Development
D. African Develoment Bank

Question 10 :

• JAMB 2012

A deficit balance of payments is measured by subtracting the debits from the credits in the

A. Current account
B. Current and capital accounts
C. Current and escrow accounts
D. Capital and escrow accounts