Jamb Economics Past Questions For Year 1993
Question 36
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
Question 37
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. is an increase in the production of goods and services
Question 38
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. N 100 000
- B. N 800 000
- C. N 1000 000
- D. N 8000 000
Question 39
Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?
- A. The deregulation of the banking system
- B. The increase in the number of merchant banks
- C. The community banking scheme
- D. The deregulation of interest rate
Question 40
Below equilibrium, the gap between aggregate demand and the full employment level of income is called the?
- A. inflationary gap
- B. income gap
- C. unemployment gap
- D. deflationary gap
