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Economics 1981 JAMB Past Questions

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21
Which of the following does NOT belong in respect of the quantity of money?
  • A. Durability
  • B. Division into the smallest units of value
  • C. Portable
  • D. Identifiable by all
  • E. Measure of value
View Answer & Discuss (3) JAMB 1981
22
Government budget can be described as the sum of?
  • A. Indirect tax, direct tax, and loans expected within a financial year
  • B. Planned recurrent expenditure and planned investment expenditure
  • C. Planned capital expenditure for a development plan within a plan period
  • D. Planned expenditure and expect revenue within a financial year
  • E. Planned expenses of all ministries within a financial year
View Answer & Discuss (2) JAMB 1981
23
An economy in which both the public and the private sectors contribute substantially to the growth of output is?
  • A. a socialist economy
  • B. a capitalist economy
  • C. a mixed economy
  • D. an industrial economy
  • E. a peasant economy
View Answer & Discuss (1) JAMB 1981
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24
Which is NOT an important factor responsible for high concentration of population in some part of Nigeria?
  • A. Climate influences
  • B. Development of trade and markets
  • C. Soil fertility
  • D. Processing of petroleum oil
  • E. Concentration of educational facilities
View Answer & Discuss (3) JAMB 1981
25
Prohibiting the sale of lace materials in Nigeria would probably lead to?
  • A. Increase supply of lace material in Nigeria
  • B. Production of better quality lace abroad
  • C. Lower price of lace material in Nigeria
  • D. Higher price of lace material in Nigeria
  • E. Increase income to all dealers of lace materials in Nigeria
View Answer & Discuss (1) JAMB 1981
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