Jamb Economics Past Questions and Answers

Question 2176:

• JAMB 2020

One of the techniques of monetary control used by the central bank of Nigeria is

A. Selective credit control
B. Budget deficit
C. Foreign exchange control
D. Monitoring the general price level

Question 2177:

• JAMB 2020

Crude petroleum is a good example of a

A. Lasting asset
B. Wasting asset
C. Synthetic product
D. Costless resources

Question 2178:

• JAMB 2020

A major effect of a long distribution chain is

A. Scarcity of commodities
B. High retail
C. Low retails prices
D. Low producer earnings

Question 2179:

• JAMB 2020

One of the major criticism of the 1962 -1968 National Development Plan was that?

A. It failed to incorporate lessons gained from earlier plans to enhance its efficiency
B. It came too quickly after the country's independence
C. Planned expenditure was based too heavily on expected earnings from crude oil
D. Its execution was based largely on foregn-sourced financial resources

Question 2180:

• JAMB 2020

Utility is the satisfaction derived from?

A. Production
B. Distribution
C. Consumption
D. Demand