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Economics 2004 JAMB Past Questions

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1
Given that Y = C + I and C = bY where b = 0.8, what is the multiplier?
  • A. 5
  • B. 10
  • C. 4
  • D. 2
View Answer & Discuss (3) JAMB 2004
2
By advertising, a monopolistic competitive firm tries to shift its
  • A. supply curve to the right
  • B. demand curve to the right
  • C. supply curve to the left
  • D. demand curve to the left
View Answer & Discuss JAMB 2004
3
The role of the Central Bank in the economic development of Nigeria is to
  • A. give short-and medium-term loans to the public
  • B. give financial and technical advice to customers
  • C. use cheques and bankdrafts to faciliate business transactions
  • D. maintain a stable price system
View Answer & Discuss JAMB 2004
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4
At the maximum point of the total product curve of a firm, marginal revenue is
  • A. decreasing
  • B. increasing
  • C. constant
  • D. zero
View Answer & Discuss (1) JAMB 2004
5
The primary function of non-bank financial institutions is to
  • A. manage investment portfolios for government
  • B. mobilize savings for investment
  • C. grant loans to banks
  • D. receive deposits from banks
View Answer & Discuss JAMB 2004
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts