JAMB UTME - Economics - 1978
Question 1 Report
Suppose that the equilibrium price of an article is N5.00 but the government fixes the price by law at N4.00, the supply will be
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Question 2 Report
Less developed countries obtain foreign exchange reserve mainly from the export of
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Question 3 Report
In order to build up its capital stock, the typical less developed country should ideally
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Question 4 Report
Which of the following activities of government precludes the existence of a market economy?
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Question 5 Report
Which of the following is a term used to describe a payment representing a surplus in excess of transfer costs?
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Question 11 Report
If the consumer demand for product X increases as the price of product Y decreases we can be fairly certain that X
Question 15 Report
As consumption of beer increases, its marginal utility to a drinker will
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Question 17 Report
Which of the following is NOT strictly included In the study of economics?
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Question 18 Report
Which is an example of an invisible item in the trade Account of Ghana?
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Question 20 Report
Which of the following item in the balance of payment of account is an invisible transaction?
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Question 21 Report
The Lagos clearing house is
Question 23 Report
Which of the following can be regarded as a liability of a commercial bank?
Question 24 Report
An increase in liquid reserve requirements by the central bank of Nigeria will result in
Question 25 Report
Which of these would not be included in the fundamental principle of a free enterprise economy
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Question 26 Report
If a company doubles all its inputs and discovers that its output is more than doubles, we can say that the company is experiencing
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Question 27 Report
Which of the following sector of the economy is estimated to be the largest employer of labour in the country
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Question 28 Report
The largest liability appearing in the book of a commercial bank is
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Question 30 Report
Malthus became famous through his theory which may be stated simply
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Question 31 Report
A commercial bank is unique in that it is only the institution that
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Question 32 Report
The effect of the demand for product A caused by a change in the price of a product B is called?
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Question 33 Report
If the demand of a product with perfectly elastic supply increases, there will be
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Question 36 Report
Which of the following financial assets consist the lowest rate of interest in Nigeria?
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Question 37 Report
Which of these should determine, in a planned economy how the factor of production are to be allocated among different production activities
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Question 39 Report
Which is NOT a direct effort to increase Agricultural production in Nigeria?
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Question 40 Report
A distinguishing characteristics of a consumers' cooperative is the fact that
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Question 45 Report
A Tax which takes a higher percentage from higher incomes is called?
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