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Economics 1983 JAMB Past Questions

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36
Money performs a number of functions, ONE of these functions makes is possible for any person to provide for old age?
  • A. money is regarded as a medium of exchange
  • B. measure for value
  • C. unit of account
  • D. store of value
  • E. standard for deferred payments
View Answer & Discuss (1) JAMB 1983
37
Agriculture plays a dominant role in West Africa economics because
  • A. the green Revolution in Nigeria is agriculture
  • B. it supplies all the foodstuff consumed in West Africa
  • C. there are large plantation of cocoa, groundnut and palm oil in West Africa
  • D. it is the main source of revenue in Nigeria
  • E. it employs more than 50% of the total labour force in West Africa
View Answer & Discuss JAMB 1983
38
Which of the following defines Economics most comprehensively?
  • A. Buying and selling
  • B. Organization and Industries
  • C. study of human behaviour in the allocation of scarce resources
  • D. National development planning and budgeting
  • E. Banking and Insurance
View Answer & Discuss JAMB 1983
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39
Age-structure in Nigeria is such that the working age-group is in the years
  • A. 1-15
  • B. 15-65
  • C. 30-40
  • D. 40-65
  • E. 65 and above
View Answer & Discuss JAMB 1983
40
NEPA as a public corporation is?
  • A. a power generating industry in Nigeria
  • B. organized in a perfect competitive market
  • C. a duopoly
  • D. a monopolistically competitive industry
  • E. a monopoly
View Answer & Discuss JAMB 1983
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