Jamb Economics Past Questions
Question 2246
The sloping downward of the demand curve implies that?
- A. an increase in price leads to an increase in quantity demanded
- B. an increase in price leaves the quantity demanded unchanged
- C. a decrease in price leads to a decreased in quantity demanded
- D. a decrease in price leads to an increase in quantity demanded
- E. supplies respond by offering less commodities for sale
Question 2247
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
Question 2248
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
Question 2249
Monetary policy does NOT involve
- A. increasing the import duties
- B. buying or selling treasury bills by the Central Bank
- C. printing of more currency note
- D. increasing or decreasing cash reserve ratio by the Central Bank
- E. raising the level of interest
Question 2250
Function of commercial banks do NOT include?
- A. lending with interest charges
- B. carrying out transactions on behalf of customers
- C. expansion of money supply
- D. keeping of security document s for customers
- E. printing of currency
