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Economics 1998 JAMB Past Questions

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36
One of the major consequences of urban-biased development programmes in Nigeria is that they?
  • A. led o rapid rural-urban migration
  • B. led to unprecedented urban wealth
  • C. transformed rural areas into urban centres
  • D. increased the level of specialized manpower inthe cities
View Answer & Discuss (1) JAMB 1998
37
Development plans have not been successful in some developing countries largely because of?
  • A. very large working population
  • B. increase level of consumption
  • C. scarcity of industrial raw materials
  • D. shortage of skilled labour and experts
View Answer & Discuss JAMB 1998
38
The balance of visible trade is the difference between the values of?`
  • A. imported and exported goods
  • B. imported and exported services
  • C. current account and capital account
  • D. exchange rate of local and foreign currencies
View Answer & Discuss JAMB 1998
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39
If a country has a balance of payments surplus on current account, this means that?
  • A. total invisible export is greater than invisible import
  • B. the value of goods exported must be greater than the value of goods imported
  • C. there must be a positive balance of capital account
  • D. the aggregate of the balance of trade and the invisible balance must be positive
View Answer & Discuss (1) JAMB 1998
40
If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?
  • A. a rise in the external value of its currency
  • B. a fall in the external value of its currency
  • C. an increase in the volume of imports
  • D. the consumption of more foreign goods
View Answer & Discuss JAMB 1998
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