Economics 1995 JAMB Past Questions

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A bank is said to be distressed when it?

A. is unable to deal with the Central Bank
B. has a low level of capital base
C. has low level of deposits
D. experiences serious liquidity crisis

View Answer & Discuss JAMB 1995

One method through which the Central Bank can restrict the commercial banks' power of credit expansion is to?

A. demand for increased special deposit
B. decrease the cash ratio
C. buy securities in the open market
D. reduce the rate of interests at which banks borrow from it

View Answer & Discuss JAMB 1995

Which of the following is the cheapest for the government in improving the welfare of its citizens?

A. Subsidy
B. Income supplement
C. Donation to specific projects
D. Wages increase

View Answer & Discuss (1) JAMB 1995

Which of the following is mostly used to determine the cost of living?

A. Marginal changes in prices
B. Consumer price index
C. Prices of imported and exported commodities
D. producer price index

View Answer & Discuss (1) JAMB 1995

Ajanka, a medical student entitled to an annual allowance of N6,000, decides to leave the university to take up a job where he earns N7,000 per annum. By this singular act, the national income level will?

A. increase by N1,000
B. decrease by N 7,000
C. increase by N7,000
D. increase by N 13,000

View Answer & Discuss (1) JAMB 1995

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Economics 1995 JAMB Past Questions

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