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Economics Past Questions

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4851

Which of the following is not a feature of economic under development?

 

  • A. Monocultural economy
  • B. Low life expectancy
  • C. Income inequality
  • D. High productivity
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4852

The function that distinguishes commercial banks from the central bank is that the former

  • A. accepts deposits from the public
  • B. services the public debt
  • C. regulates foreign exchange
  • D. is a leader of last resort
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4853

The following are advantages of large scale agriculture except

 

  • A. use of simple implements
  • B. use of sophisticated implements
  • C. integration of crop and animal farming?
  • D. increase in employment
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4854

When the death rate for old people and the infant mortality rate are high, with no migration, there will be in the population a
higher number of

 

  • A. children in the population
  • B. women in the population
  • C. younger people in the population
  • D. old people in the population
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4855

If an increase in the price of crude oil led to an increase in the prices of kerosene and grease,then kerosene and grease are in

 

  • A. joint supply.
  • B. competitive supply.
  • C. composite supply.
  • D. market supply.
View Answer & Discuss (2) JAMB 2025
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