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Economics 1982 JAMB Past Questions

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21
Retailers are greater in numbers than wholesalers because?
  • A. retail business may not be registered or incorporated
  • B. retail business requires less expertise
  • C. retailers deal with final consumers
  • D. all retail businesses are large enterprises
  • E. all retail businesses are small enterprises
View Answer & Discuss JAMB 1982
22
The purpose of import duties does NOT include the?
  • A. generation of revenue for government
  • B. protection of domestic industries
  • C. promotion of international trade
  • D. conservation of foreign exchange earnings
  • E. control of comsuption pattern
View Answer & Discuss (1) JAMB 1982
23
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
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24
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
25
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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