Jamb Economics Past Questions and Answers

Question 2071:

• JAMB 2012

The major function of money market is to

A. Provide funds for long-term financing
B. Provide funds short-term financing
C. Stabilize the value of the local currency
D. Stabilize domestic prices

Question 2072:

• JAMB 2012

An ad valorem tax is imposed on

A. Special commodities
B. Exports
C. Imports
D. The value of a commodity

Question 2073:

• JAMB 2012

A huge national debt is an indication that the gold reserves of a nation has

A. Appreciated
B. Decreased
C. Depreciated
D. Stagnated

Question 2074:

• JAMB 2012

Rapid economic development in Nigeria is realizable by

A. Continuous dependence on oil
B. Concentrating more on agriculture
C. Developing the tourism industry
D. Diversifying the economy

Question 2075:

• JAMB 2012

The primary reason for desiring economic growth is to

A. Control inflation
B. Reduce poverty
C. Redistribute income
D. Raise standard of living