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1186
In computing national income, transfers are excluded because
  • A. they are received only by the poor
  • B. the figures reduce the size of national income
  • C. it is difficult to get the exact figures
  • D. they are not payments for productive activities
View Answer & Discuss JAMB 2006
1187
The major role of NDIC is to
  • A. insure bank deposits
  • B. regulate the activities of insurance companies
  • C. ensure adequate capitalization of insurance companies
  • D. accept customers' deposit
View Answer & Discuss (1) JAMB 2006
1188
When the federal government guarantees a loan for a state government, such a loan constitutes
  • A. a public debt
  • B. a transferred debt
  • C. a private debt
  • D. an inter-governmental debt
View Answer & Discuss (3) JAMB 2006
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1189
One way of controlling deflation is by
  • A. contractionary monetary policy
  • B. decreasing wages
  • C. deficit financing
  • D. rigid fiscal policy
View Answer & Discuss (2) JAMB 2006
1190
If the Central Bank of Nigeria reduces the bank rate, this will cause
  • A. money supply to increase
  • B. commercial banks to reduce lending
  • C. commercial banks to merge
  • D. money supply to reduce
View Answer & Discuss JAMB 2006
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