JAMB Economics Past Questions & Answers - Page 405

2,021.

A good measure of the standard of living usually used for international comparison is

A.

Gross natioal income (GNI)

B.

Net national income (NNI)

C.

Gross national product (GNP)

D.

Gross domestic product (GDP)

E.

Per capital income (PCI)

Correct answer is E

No explanation has been provided for this answer.

2,022.

What is the most important factor influencing the location of the iron and steel industry at Ajaokuta?

A.

Availability of labour in the area

B.

Acces to transport facilities

C.

Nearness of raw materials

D.

Availability of power

E.

Nearness of Technical and Engineering School

Correct answer is C

No explanation has been provided for this answer.

2,023.

One of the ways by which Government derives revenue from industrial enterprises in West Africa is

A.

Tariffs

B.

Excise duties

C.

Poll tax

D.

Import duties

E.

Community tax

Correct answer is B

No explanation has been provided for this answer.

2,024.

Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?

A.

Open market operation

B.

Reserve requirements

C.

Bank rate

D.

Directives

E.

Special deposits

Correct answer is B

No explanation has been provided for this answer.

2,025.

In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30%. What would this imply? the…

A.

Dependency ratio is high

B.

Population is optimum

C.

Ratio of females to males is high

D.

Population is growing at less than equilibrium

E.

Population is growing according to Malthus theory

Correct answer is A

No explanation has been provided for this answer.