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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
221
When the import of a commodity is limited to a definite quantity by using a trade control method, this is known as
  • A. tariffs
  • B. quotas
  • C. exchnge control
  • D. devaluation
  • E. revaluation
View Answer & Discuss (2) JAMB 1982
222
Balance of payments of a country explains the overall position of?
  • A. current account of the balance of payments
  • B. capital account in the balance of payments
  • C. both the current and capital acounts
  • D. position of the balance of trade
  • E. visible and invisible trade
View Answer & Discuss (3) JAMB 1982
223
All of the following EXCEPT ONE are normal functions of the marketing board in Nigeria
  • A. Price stabilization
  • B. Efficient marketing of agriculture crops
  • C. Provision of funds for building access roads
  • D. Development of the agricultural industry
  • E. Establishment of agro-allied industries
View Answer & Discuss 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
224
Which of the following countries is NOT a member of the economic Community of West African States?
  • A. Sierra Leone
  • B. Sudan
  • C. Gambia
  • D. Nigeria
  • E. Guinea
View Answer & Discuss JAMB 1982
225
In Nigeria, a balance of payments deficit can be solved by all of the following EXECPT?
  • A. imposing import bans on some commodity
  • B. imposing import duties
  • C. drawing down on external reserves
  • D. purchasing foreign exchanges from foreign countries
  • E. devaluation of the currency
View Answer & Discuss JAMB 1982
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