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Economics 1983 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
16
Which of the following enterprises does NOT pursue the sole objective of profit maximization?
  • A. Roads of Nigeria Ltd
  • B. Union Bank of Nigeria Ltd
  • C. Nigeria Electric Power Authority
  • D. Volkswagen (VW) Nigeria Ltd
  • E. Kingsway Nigeria Ltd
View Answer & Discuss JAMB 1983
17
Public expenditure creates expansionary effects in the economy when it is
  • A. in excess of government revenue
  • B. channelled into capital products
  • C. diverted into imports
  • D. financed through part of the year's total collection of taxes
View Answer & Discuss (1) JAMB 1983
18
The maintenance of general economic stability in the country necessarily relies heavily on?
  • A. federal fiscal policy
  • B. coordinated federal, state and local fiscal policies
  • C. tax and revenue policies of state governments
  • D. federal grants to state and local government
  • E. federal grants to local governments
View Answer & Discuss (2) JAMB 1983
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19
The supply of loanable funds is significantly influenced by?
  • A. commercial banks
  • B. mortage banks
  • C. financial intermediaries
  • D. the Central Bank
  • E. insurance companies
View Answer & Discuss (3) JAMB 1983
20
Division of labour has many advantages . Not withstanding, it is greatly limited by?
  • A. monotony of work
  • B. decline of craftmanship
  • C. risk of unemployment
  • D. extent of market demand
  • E. boredom
View Answer & Discuss (6) JAMB 1983
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts