Jamb 2002 Economics Past Questions And Answers
1
Some of the key indicators of underdevelopment in a country are?
- A. poverty, high level of literacy and low income
- B. poverty, low level of literacy and low income
- C. low level of illiteracy, low income and poverty
- D. poverty, low incoe and low unemployment level
2
The types, sources and uses of government income are mainly concerned with?
- A. public expenditure
- B. public revenue
- C. public budget
- D. public finance
3
One of the roles of NNPC in the production and refining of crude oil is to?
- A. secure maximum government revenue and regulate price
- B. prevent the smuggling of petroleum products
- C. satisfy the domestic consumption of petroleum products
- D. protect the local operators in the petroleum industry
4
ECOWAS has taken a giant step towards economic integration by?
- A. presenting a united front against foreign economic exploiters
- B. introducing a common currency for travellers
- C. holding frequent meeting at various state capitals
- D. increasing economic stability among members states
5
A scientific approach in economic analysis entails?
- A. a deductive method only
- B. both inductive and normative methods
- C. a normative method only
- D. both inductive and deductive methods
6
One way of correcting the balance of payments problem of a country is to?
- A. introduce import-promotion measures
- B. buy investments abroad
- C. devalue the currency
- D. de-emphasize import-substitution industries
7
The demand for factors of production is an example of?
- A. joint demand
- B. competitive demand
- C. derived demand
- D. composite demand
8
Import substitution aims at?
- A. substituting agricultural products with industrial ones
- B. substituting imports with agricultural exports
- C. the diversification of industries
- D. improving the balance of payments
9
In the short-run a firm marginal cost curve above the point of shut-down is its?
- A. demand curve
- B. supply curve
- C. cost curve
- D. marginal curve
10
In the pie chart below, the percentage for children is equivalent to
- A. 288o
- B. 720o
- C. 90o
- D. 144o