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Economics 2005 JAMB Past Questions

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31

In economics, production takes place only when

  • A. producers sell to retailers
  • B. value has been added to a commodity
  • C. modern equipment is used
  • D. consumption has taken place
View Answer & Discuss (5) JAMB 2005
32
The monetization policy of the Nigerian government is aimed at
  • A. encouraging public servants to retire early and become self-employed
  • B. transferring government's properties to retired public servants
  • C. reducing government's burden on the provision of fringe benefits to public servants
  • D. helping government recover properties held by public servants
View Answer & Discuss (1) JAMB 2005
33
The price index computed between two time periods is given as 128%,This implies that the
  • A. disposable income have increased by 28%
  • B. living standards have fallen by 128%
  • C. living standards have risen by 128%
  • D. living standards have fallen by 28%
View Answer & Discuss (4) JAMB 2005
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34
The problem of planning in Nigeria is mainly in the
  • A. implementation of the plans
  • B. appraisal of the plans
  • C. allocation of scarce resources
  • D. articulation of the plans
View Answer & Discuss JAMB 2005
35
The raising of funds by selling stocks to the public is called
  • A. equity financing
  • B. deflcit financing
  • C. loan financing
  • D. debt financing
View Answer & Discuss JAMB 2005
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts