JAMB Economics Past Questions & Answers - Page 426

2,126.

Which is NOT a cause of high population growth in Nigeria?

A.

Family planing Unit of Nigeria

B.

Improve medical facilities

C.

Reduction in death rate

D.

Improve hygiene

E.

Increased birth rate

Correct answer is A

No explanation has been provided for this answer.

2,127.

Which is NOT a function of Central Bank in West Africa

A.

Dealing in foreign exchange

B.

Issuing of currency

C.

Accepting deposit from private customers

D.

Acting as government bank

E.

Acting as bankers bank

Correct answer is C

No explanation has been provided for this answer.

2,128.

Price control indicate the following

A.

Price is fixed at equilibrium level

B.

Price is fixed above equilibrium level

C.

Price is not fixed but determined by demand and supply

D.

Price is fixed below equilibrium level

E.

None of the above

Correct answer is D

No explanation has been provided for this answer.

2,129.

Which would you NOT consider an agro-based industry in Nigeria?

A.

A diary enterprise producing milk

B.

A yam floor mill

C.

A poultry industry

D.

A fertilizer plant

E.

None of the above

Correct answer is E

No explanation has been provided for this answer.

2,130.

From an economic point of view, an activity does not have a cost when

A.

Someone else pays for it

B.

The returns are greater than the cost

C.

The choice involves giving up nothing

D.

The government pays for it

E.

It is paid for from a gift

Correct answer is C

No explanation has been provided for this answer.