JAMB Economics Past Questions & Answers - Page 249

1,241.

In Nigeria, revenue sharing from the federation Account is between the

A.

Executive, the judiciary and the legislature

B.

Federal and state governments and the parastatals

C.

Federal and state governments and the senate

D.

Federal, state and local governments

Correct answer is D

No explanation has been provided for this answer.

1,242.

The efficiency of labour can be increased by

A.

Constant training of workers

B.

Retirement of workers on a regular basis

C.

Engaging expatriates only

D.

Placing an embargo on recruitment

Correct answer is A

No explanation has been provided for this answer.

1,243.

An increase in the discount rate is an indication of a central bank's intention to pursue

A.

An expansionary monetary policy

B.

A disciplined monetary policy

C.

A dynamic monetary policy

D.

A contractionary monetary policy

Correct answer is A

No explanation has been provided for this answer.

1,244.

Economic growth can be accelerated through

A.

Balancing of savings and consumption

B.

Postponement of current consumption

C.

Planned current consumption

D.

Increased current consumption

Correct answer is C

No explanation has been provided for this answer.

1,245.

In national income accounting, NNP is derived by subtracting from the GNP

A.

Transfer payments

B.

Indirect taxes

C.

Allowance for wastage

D.

Capital consumption

Correct answer is D

No explanation has been provided for this answer.