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CBT JAMB Economics 2016

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16
Created on By bola

Economics

CBT JAMB Economics 2016

1 / 50

Category: Economics

1 Development plans fail in Nigeria mainly because
of

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Category: Economics

2 One of the major uses of national income statistics
in Nigeria is to

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Category: Economics

3 The major characteristics of an undeveloped
nation is

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Category: Economics

4 Which is of the following is NOT among the
financial institutions in Nigeria?

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Category: Economics

5 Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55.
Determine the range?

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Category: Economics

6 One of the problems facing the Nigerian oil and
gas industry is____________________?

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Category: Economics

7 The demand curve faced by a monopolist
is_____?

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Category: Economics

8 The interest charged on loans is determined by the
__________?

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Category: Economics

9 A country that is over-populated will face the
problem of

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Category: Economics

10 If additional unit of a variable factor input causes
a fall in the marginal product, this implies that

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Category: Economics

11. From the graph above P 2 in price control situation is
referred

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Category: Economics

12 The additional cost incurred by producing an
additional unit of output is known as

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Category: Economics

13 One of the factors that determine the supply of
agricultural produce in Nigeria is

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Category: Economics

14. From the graph above, fixing maximum price of garri
below equilibrium prices at P1 will

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Category: Economics

15 In the theory of the consumer behavior, a
consumer is said to maximize utility when

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Category: Economics

16 If Mr Wale took a loan for the purpose of
investment, the demand for money
is________________?

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Category: Economics

17 The overall demand for crude oil for various uses
is an example of __________?

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Category: Economics

18 One of the factors limiting the effectiveness of
division of labour in the production process is the

19 / 50

Category: Economics

19 One of the important features of perfect
competition is_____?

20 / 50

Category: Economics

20 What effect would a change in price of a
commodity have on its supply?

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Category: Economics

21 All pairs of quantities from which a consumer
derives equal satisfaction can be plotted
on__________?

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Category: Economics

22 Which of the following is a major determinant of
price elasticity of demand?

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Category: Economics

23 If Nigeria has comparative advantage over Ghana
in producing cocoa, this means_________?

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Category: Economics

24 One of the ways of improving the marketing of
agricultural produce is by

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Category: Economics

25 The study of economics is necessary mainly
because of

26 / 50

Category: Economics

26 If price of yams decreases from N15.00 per tuber
to N13.50 and the quantity supplied decreases by
20%. What is the elasticity of supply?

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Category: Economics

27 Which of the following is NOT a source of
government revenue?

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Category: Economics

28 Public limited liability companies are owned
by__________?

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Category: Economics

29 The type of inflation that emanates from excess
demand overs supply is___________?

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Category: Economics

30 The price elasticity of supply of perishable goods
is_________?

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Category: Economics

31 In Nigeria, most agricultural policies are aimed
at______?

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Category: Economics

32 One major problem encountered by ECOWAS
is_______?

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Category: Economics

33 One of the characteristics of private enterprises is
______?

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Category: Economics

34 The concept of marginal utility indicates the
relationship between utility and _________?

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Category: Economics

35 In Nigeria, unemployment can be minimized
through______?

36 / 50

Category: Economics

36 The demand for two or more commodities to
satisfy a particular want is _____?

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Category: Economics

37. The supply curve above is

38 / 50

Category: Economics

38 One of the factors affecting change in demand for
a commodity is the _______?

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Category: Economics

39 Public ownership of productive factors is a feature
of_______?

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Category: Economics

40 If the marginal propensity to save is 0.8, calculate
the multiplier?

41 / 50

Category: Economics

41 Which of the following is a set of measures of
dispersion?

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Category: Economics

42 The slow pace of industrial growth in Nigeria can
be attributed to__________?

43 / 50

Category: Economics

43 Consumers allocate their resources based on the
______?

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Category: Economics

44 A country’s terms of trade can be improved
by________?

45 / 50

Category: Economics

45 A government budget proposing to spend more
than its expected revenue in a year will
create_______?

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Category: Economics

46 Population growth is determined by_______?

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Category: Economics

47 Which of the following can cause oil glut in the
International market?

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Category: Economics

48. From the table above, the elasticity of supply
is_____?

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Category: Economics

49 Localization of industry is encouraged because of

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Category: Economics

50 A company’s expenditure on raw materials is
termed as_______?

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John Aina has a Masters degree as an engineer and has over 3 years of teaching and research experience. John is happiest when he is on a bike and is also interested in Solar technology.
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