JAMB Economics Past Questions & Answers - Page 304

1,517.

The joint ventures operating in the Nigerian oil industry are between

A.

The NNPC and independent marketers

B.

The NNPC and multinational marketers

C.

The NNPC and producer marketers

D.

Multinational corperations and independent marketers

Correct answer is C

No explanation has been provided for this answer.

1,518.

Which of the following can be considered as being outside the objectives of public finance?

A.

The allocation of resources to various sectors of the economy

B.

The objective of even distribution of income and wealth

C.

The achievement of economic stability

D.

The deregulation of the economy

Correct answer is D

No explanation has been provided for this answer.

1,519.

Economic development is distinguishable from economic growth because the former

A.

Is not concerned with growth parameters

B.

Affects only the poor people

C.

Also includes an efficient distribution of economic growth

D.

IsĀ an increase in the production of goods and services

Correct answer is C

No explanation has been provided for this answer.

1,520.

The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit?

 

A.

N100,000

B.

N800,000

C.

N1,000,000

D.

N8,000,000

Correct answer is B

No explanation has been provided for this answer.