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Economics 2011 JAMB Past Questions

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16

Bank consolidation policy in Nigeria is a measure to increase

  • A. the capital base of banks
  • B. employment opportunities in banks
  • C. the number of shareholders
  • D. the number of branches
View Answer & Discuss JAMB 2011
17

An increase in the circulation of money without a corresponding increase in output will lead to

  • A. a rise in income levels
  • B. stagflation
  • C. inflation
  • D. deflation
View Answer & Discuss JAMB 2011
18

In national income accounts, an item counted as part of government spending is

  • A. salaries and wages
  • B. pension
  • C. scholarship
  • D. social welfare
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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19

If aggregate demand is lower than total output in an economy national income will

  • A. be constant
  • B. be at equilibrium
  • C. increase
  • D. fall
View Answer & Discuss (3) JAMB 2011
20

During the era of barter, money was generally in the form of

  • A. notes
  • B. precious metals
  • C. coins
  • D. commodities
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