Jamb Economics Past Questions For Year 1997
Question 41
One of the factors which is likely to check the growth of public debts is?
- A. bridging the resources gap
- B. debt reputation
- C. debts rescheduling
- D. debt-equility swap
Question 42
The greatest proportion of government revenue in Nigeria comes from?
- A. export of raw materials
- B. income taxes on individuals and business
- C. custom duties and excise duties
- D. loans and grants from industrially advanced countries
Question 43
Counter trading is an international arrangement whereby?
- A. goods and services are exchanged in a manner similar to barter
- B. goods and services are sold on the counter
- C. crude oil is sold to a foreign country
- D. goods are shipped to countries on which the United Nations has placed a trade embargo
Question 44
Which of the following classes of goods accounts for largest proportion of Nigeria's imports?
- A. Food and animal products
- B. Consumers goods
- C. Chemicals
- D. Machinery and transport equipment
Question 45
The most important factor ensuring economic development is the?
- A. effective mobilization of domestic savings
- B. presence of foreign capital
- C. formulation of appropriate government policies
- D. attraction of foreign aids and grants
