JAMB Economics Past Questions & Answers - Page 318

1,586.

Monetization refers to the ratio of

A.

Total transactions to monetary transactions

B.

Monetary assets to total assets

C.

Monetary transactions to total transactions

D.

Money in circulation to total income

Correct answer is D

No explanation has been provided for this answer.

1,587.

Which of the following is NOT directly concerned with dealings in treasury bills

A.

The stock exchange

B.

The Central bank

C.

Commercial banks

D.

Discount houses

Correct answer is D

No explanation has been provided for this answer.

1,588.

Because most of her crude oil is exported, the foreign exchange earnings and the forward linkage effects Nigeria realize from her oil production are?

A.

Both high

B.

Respectively high and low

C.

Respectively low and high

D.

Both low

Correct answer is B

No explanation has been provided for this answer.

1,589.

A significant effect of the growth of the oil sector in Nigeria has been to

A.

Increase the rate of unemployment

B.

Diminish the percentage contribution of the agricultural sector to GNP

C.

Slow down the pace of industrialization

D.

Retard the rate of economic growth

Correct answer is B

No explanation has been provided for this answer.

1,590.

The consumer-goods industry is predominant in the industrial sector of the Nigerian economy because of the

A.

Availability of market and most of the raw materials required

B.

Availability of the necessary machinery required

C.

Experience of Nigerian producers

D.

Relatively lower cost of production of such goods

Correct answer is A

No explanation has been provided for this answer.