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Economics 2022 JAMB Past Questions

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41

Commercial banks are different from development banks in that the latter

  • A. lend on short-term basis
  • B. pay interest on current accounts only
  • C. are mostly joint-stock companies
  • D. do not deal in foreign currencies
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42

The use of the bank rate, cash ratio and open market operations constitute

  • A. fiscal policy
  • B. monetary policy
  • C. import policy
  • D. export policy
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43

Fiscal policy measures imply a change in

  • A. only taxation to control aggregate demand
  • B. bank rate to infulence lending
  • C. only government expenditure to regulate an economy
  • D. government revenue and expenditure to regulate an economy
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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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44

Economics problems arise in all societies because

  • A. resources are mismanaged by leaders
  • B. there is no proper planning
  • C. resource are not in adequate supply
  • D. the services of economists are not employed
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45

Which of the following is not emphasized in a product possibility curve?

  • A. Scarcity of resources
  • B. Economic development
  • C. Inefficiency in the use of resources
  • D. Unemployment of labour
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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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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709