Jamb Economics Past Questions and Answers

Question 2146:

• JAMB 2020

The Nigerian bank for commerce and industry is?

A. A commercial bank
B. A development bank
C. An industrial bank
D. A merchant bank

Question 2147:

• JAMB 2020

To control inflation, the monetary authorities of a country can

A. Reduce taxes
B. Advise the government to increase its expenditure
C. Engage in expansive monetary policies
D. Engage in restrictive monetary policies

Question 2148:

• JAMB 2020

Which of the following is used by the central bank to control the rate of interest

A. Bill of exchange
B. Banker's order
C. Fixed deposit account
D. Open market operation

Question 2149:

• JAMB 2020

What form of market is found in an imperfect competition where there are few buyers and many sellers

A. Monopoly
B. Oligopoly
C. Duopoly
D. Oligopsony

Question 2150:

• JAMB 2020

A budget with a projected revenue in excess of its expenditure is said to be?

A. Balanced
B. Surplus
C. Deficit
D. Inflationary