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Economics 1993 JAMB Past Questions

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26
Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?
  • A. The deregulation of the banking system
  • B. The increase in the number of merchant banks
  • C. The community banking scheme
  • D. The deregulation of interest rate
View Answer & Discuss JAMB 1993
27
The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit?
  • A. N 100 000
  • B. N 800 000
  • C. N 1000 000
  • D. N 8000 000
View Answer & Discuss (3) JAMB 1993
28
Economic development is distinguishable from economic growth because the former?
  • A. is not concerned with growth parameters
  • B. affects only the poor people
  • C. also includes an efficient distribution of economic growth
  • D. is an increase in the production of goods and services
View Answer & Discuss (1) JAMB 1993
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29
Which of the following can be considered as being outside the objectives of public finance?
  • A. The allocation of resources to various sectors of the economy
  • B. The objective of even distribution of income and wealth
  • C. The achievement of economic stability
  • D. The deregulation of the economy
View Answer & Discuss JAMB 1993
30
The joint ventures operating in the Nigerian oil industry are between?
  • A. the NNPC and independent marketers
  • B. the NNPC and multinational marketers
  • C. the NNPC and producer marketers
  • D. multinational corperations and independent marketers
View Answer & Discuss JAMB 1993
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