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Economics 2014 JAMB Past Questions

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21

One of the challenges facing the banking industry in Nigeria is

  • A. ensuring technological security
  • B. providing employment
  • C. providing loans for investment
  • D. creating more money
View Answer & Discuss JAMB 2014
22

Short-term loans for investment are usually obtained through the

  • A. stock market
  • B. development banks
  • C. money market
  • D. capital market
View Answer & Discuss (2) JAMB 2014
23
Given a base year and the price index of 175% the following year, which of the following year will arise?
  • A. The cost of living decreases of that year
  • B. The cost of living remains unchanged
  • C. The value of money rises by 75%
  • D. The value of money falls by 75%
View Answer & Discuss (3) JAMB 2014
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24

Wage freeze is a policy measure aimed at

  • A. encouraging investors
  • B. curbing inflation
  • C. regulating standard of living
  • D. curbing deflation
View Answer & Discuss JAMB 2014
25

A major obstacle to the development of Nigeria economy is

  • A. low capital formation
  • B. rural-urban migration
  • C. over dependence on oil
  • D. poor developmental policies
View Answer & Discuss (3) JAMB 2014
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