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Economics 1980 JAMB Past Questions

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36
Division of labour is limited by the?
  • A. available of raw materials
  • B. size of the labour force
  • C. size of a labour firm
  • D. absolute size of the country's population
  • E. per capital income and number of potential buyers
View Answer & Discuss (3) JAMB 1980
37
In a limited liability company, the greatest risk is borne by?
  • A. debenture holders
  • B. company executives
  • C. ordinary shareholders
  • D. preference shareholders
  • E. borad of directors
View Answer & Discuss (1) JAMB 1980
38
Which of the following is NOT a function of Nigeria commercial Banks?
  • A. Acceptance of deposit
  • B. Lending of money
  • C. Investment in securities and business
  • D. Issue of currency
  • E. Selling and buying of travellers cheques
View Answer & Discuss (3) JAMB 1980
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39
In Nigeria, cheques are not money because?
  • A. their use is confined to business houses
  • B. there are no banks in rular areas
  • C. they are not legal tender
  • D. they are not generally acceptable as a medium of exchange
  • E. most Nigerians cannot identify them
View Answer & Discuss (6) JAMB 1980
40
Indicate which of the following are invisible trade items in a country’s balance of payments?
  • A. oil exports and imports
  • B. Gold and foreign reserves
  • C. foreign investment
  • D. Dividends and profit
  • E. Expenditure on the shipping and tourism
View Answer & Discuss JAMB 1980
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