International Trade - Jamb Economics Past Questions and Answers

Question 111:

• JAMB 1998

A rise in the market price of fixed interest securities is an indication that the?

A. Supply of money has decreased
B. Liquidity preference has increased
C. Market rate of interest has risen
D. Market rate of interest has fallen

Question 112:

• JAMB 1998

The balance of visible trade is the difference between the values of?`

A. Imported and exported goods
B. Imported and exported services
C. Current account and capital account
D. Exchange rate of local and foreign currencies

Question 113:

• JAMB 1998

If a country has a balance of payments surplus on current account, this means that?

A. Total invisible export is greater than invisible import
B. The value of goods exported must be greater than the value of goods imported
C. There must be a positive balance of capital account
D. The aggregate of the balance of trade and the invisible balance must be positive

Question 114:

• JAMB 1998

If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?

A. A rise in the external value of its currency
B. A fall in the external value of its currency
C. An increase in the volume of imports
D. The consumption of more foreign goods

Question 115:

• JAMB 1999

The primary objective of establishing the Export Process Zone is to?

A. Facilitate agricultural production
B. Encourage the production and processing of export commodities
C. Erect imported raw materials
D. Erect economic structures near the port