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201
The chief sources of Federal Government revenue in Nigeria are?
  • A. import duties, petroleum, import tax, profit tax, royalties and government dividends
  • B. personal income tax, excise tax and vehicle licenses
  • C. export duties, personal income tax and royalties
  • D. property income, sales tax and excise tax
  • E. import duties, sales tax and poll tax
View Answer & Discuss JAMB 1982
202
Function of commercial banks do NOT include?
  • A. lending with interest charges
  • B. carrying out transactions on behalf of customers
  • C. expansion of money supply
  • D. keeping of security document s for customers
  • E. printing of currency
View Answer & Discuss JAMB 1982
203
Monetary policy does NOT involve
  • A. increasing the import duties
  • B. buying or selling treasury bills by the Central Bank
  • C. printing of more currency note
  • D. increasing or decreasing cash reserve ratio by the Central Bank
  • E. raising the level of interest
View Answer & Discuss (1) JAMB 1982
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
204
In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the
  • A. dependency ratio is high
  • B. population is optimum
  • C. ratio of females to males is high
  • D. population is growing at less than equilibrium
  • E. population is growing according to Malthus theory
View Answer & Discuss (2) JAMB 1982
205
Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?
  • A. Open market operation
  • B. Reserve requirements
  • C. Bank rate
  • D. Directives
  • E. Special deposits
View Answer & Discuss (4) JAMB 1982
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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