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Economics 2006 JAMB Past Questions

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6
One way of controlling deflation is by
  • A. contractionary monetary policy
  • B. decreasing wages
  • C. deficit financing
  • D. rigid fiscal policy
View Answer & Discuss (2) JAMB 2006
7
If the Central Bank of Nigeria reduces the bank rate, this will cause
  • A. money supply to increase
  • B. commercial banks to reduce lending
  • C. commercial banks to merge
  • D. money supply to reduce
View Answer & Discuss JAMB 2006
8
The main source of government revenue in Nigeria is
  • A. import duties
  • B. rents and royalties
  • C. company income tax
  • D. capital gains tax
View Answer & Discuss (1) JAMB 2006
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9
The Revenue Mobilization, Allocation and Fiscal Commission in Nigeria has the primary responsibility for
  • A. maintaining the fiscal supremacy of the central government the fiscal supremacy of the central government
  • B. evolving an acceptable wage for public servants
  • C. evolving an acceptable revenue-sharing formula
  • D. ensuring equity in the sharing of fiscal responsibilities
View Answer & Discuss JAMB 2006
10
The burden of a government tax on a commodity whose demand is inelastic will
  • A. be borne only by the government
  • B. fall more heavily on consumers
  • C. be shared equally between consumers and producers
  • D. fall more heavily on producers
View Answer & Discuss (2) JAMB 2006
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