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Economics 1995 JAMB Past Questions

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31
The major source of Nigeria's foreign exchange is the export of?
  • A. skilled manpower
  • B. palm kernel and cocoa
  • C. crude oil
  • D. groundnuts and cotton
View Answer & Discuss JAMB 1995
32
The most important goal of OPEC is to?
  • A. present a united front for the purpose of raising the price of crude oil
  • B. bring unity among the petroleum exporting states
  • C. ensuring political stability among member states
  • D. ensure that rules on quota producion are strictly followed
View Answer & Discuss JAMB 1995
33
the Central Bank's expansionary monetary policy is justified at a period?
  • A. when the inflation rate is high and the economic is experiencing a boom
  • B. of economic depression accompanied by low capacity utilization
  • C. when trade unions are clamouring for higher wages
  • D. when price of crude petroleum is rising
View Answer & Discuss JAMB 1995
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34
The sharp increase in the prices of most goods and services during the last quarter of 1994 in Nigeria were mainly due to?
  • A. ban on importation of foreign goods
  • B. population upsurge
  • C. the introduction of value-added tax
  • D. increase in transport costs
View Answer & Discuss JAMB 1995
35
The best method to curb inflation in Nigeria is to
  • A. reduce importation of commodities
  • B. increase the general level of production
  • C. reduce the volume ofmoney supply
  • D. set up price control boards
View Answer & Discuss (2) JAMB 1995
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts