Jamb Economics Past Questions and Answers

Question 2116:

• JAMB 2013

Which of the following is used by the Central Bank of Nigeria to control inflation?

A. Tariff on imports
B. Tax rate
C. Exchange rate
D. Discount rate

Question 2117:

• JAMB 2013

If CBN reduces money supply, the interest rate will

A. Fluctuate
B. Rise
C. Fall
D. Remain unchanged

Question 2118:

• JAMB 2013

A tax on land will ultimately fall

A. Partly on agents and users
B. Entirely on users
C. Entirely on owners
D. Partly on users and owners

Question 2119:

• JAMB 2013

An example of an expansionary fiscal policy action is

A. Decrease in the corporate profit tax rates
B. Decrease in welfare payments
C. Purchase of government securities
D. Decrease in the bank rate

Question 2120:

• JAMB 2013

One of the goals of development plans in Nigeria is to

A. Increase the profitability of multinational businesses
B. Improve the country's GDP
C. Achieve higher standard of living for the citizens
D. Deregulate the economy