• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Americanahblog

American Immigration, Scholarships, News, Jobs And Marketing

  • Home
  • Info Hub
  • Scholarship
  • Education
  • Contact Us
    • Privacy Policy
    • About Us
    • Terms and Conditions

2019 JAMB Economics past questions and answers

8 August 2023 by Americanahblog

Spread the love

Shown in this post are some of the JAMB 2019/2020 past questions and answers on Economics.

In this article we would be looking at 2019 JAMB Economics past questions and answer.

Questions and Answers

1. the effect of an expansionary monetary system above the full employment level is a
Ans. rise in the inflation rate

2. the minimum amount of money a company is allowed to raise b issuing shares to the public is
Ans. authorized capital

3. the value of money will appreciate if
Ans. price decrease

4. in Nigeria, government can ensure a continuous supply of agricultural produce in al the seasons by
Ans. provide adequate and efficient storage facilities

5. from the above table calculate the coefficient of elasticity of demand
Ans. 0.75

6. the reduction of the high fertility rate is a measure of population control designed
Ans. make growth I population

7. capital accumulation for low-income earners is better done through
Ans. credit and thrift societies

8. the government of Nigeria can conserve foreign exchange by
Ans. restricting import through import quotas

9. the minimum number of persons who are legally allowed to operate in a partnership business is between
Ans. 2 and 20

10. from the above diagram, given the existing resources in the economy, a movement from h of will lead to the production
Ans. more cotton and less coal

11. GNP is not a good measure of social welfare because they are unrecorded
Ans. transfer payment

12. one of the major goals of OPEC is to
Ans. ensure that quota production is strictly followed

13. one of the factors considered in the determinant of wages is
Ans. the rise involved in an occupation

14. if government expenditure exceeds its revenue, this will give rise to a
Ans. budget deficit

15. from the above diagram at which point is the total utility higher
Ans. Call to get the rest

16
A Tax which takes a higher percentage from higher incomes is called?
  • A. a regressive tax
  • B. a progressive tax
  • C. a proportional tax
  • D. an indirect tax
  • E. a direct tax

View Answer & Discuss (18) JAMB 1978

17

Which of the following statements is true?

  • A. A proportional tax is one which takes from high income people a larger fraction of their income than it takes for low income people
  • B. taxes on commodities of services which can be shifted elsewhere are usually called direct taxes
  • C. The sole proprietor is a legal entity
  • D. the influence of demand on price will be smallest on the short run
  • E. the cost of production is the most important determining factor of supply in the long run

View Answer & Discuss (37) JAMB 1978

18
The largest liability appearing in the book of a commercial bank is
  • A. cash
  • B. deposits
  • C. loans and advances
  • D. capital and reserves
  • E. treasury bills

View Answer & Discuss (10) JAMB 1978

19
The Lagos clearing house is
  • A. a commodity market
  • B. an import licensing centre
  • C. another name for the Lagos stock exchange
  • D. an insurance and underwriting centre
  • E. a cheque sorting centre

View Answer & Discuss (16) JAMB 1978

20
The biggest source of government revenue in Nigeria is
  • A. mining, rents and royalties
  • B. company income tax
  • C. import duties
  • D. export duties
  • E. petroleum profit tax

View Answer & Discuss (17)

I hope you find this article helpful as well as interesting.

Related Posts:

  • q
    UNIBEN Courses, Faculties & Admission Requirements
  • 1000+ Happy New Month Wishes, Prayers, Messages and Quotes for September 2020
    1000+ Happy New Month Wishes, Prayers, Messages and…
  • 80 LIKELY Questions and Answers from JAMB Novel InDependence | JAMB Use of English Novel Expo
    80 LIKELY Questions and Answers from JAMB Novel…
  • 80 Likely JAMB 2024/2025 Use of English Past…

Filed Under: Courses Offered

About Americanahblog

A dedicated blog that blends education and travel. This is a space that embraces the wonders of learning and the thrill of exploring new places.

Primary Sidebar

  • Facebook
  • GitHub
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Trending

PTDF Postgraduate Scholarship Scheme for Nigerians to Study Overseas

Petroleum Technology Development Fund, PTDF Postgraduate Scholarship Scheme for Nigerians to Study Overseas 2024/2025 (Study in UK, France, Germany, China and Malaysia)

Transitional Milk and Mature Milk

Treating Breast Pain

Warning Signs of Breastfeeding Problems

Weaning Your Baby

When Not To Wean

Footer

About Us

Welcome aboard our thrilling journey that marries the world of education with the excitement of travel! Our blog is your ultimate compass, guiding you through the realms of study and adventure abroad.

Recent

  • Adeyemi College of Education Ondo, ACEONDO Degree Admission List for 2024/2025 Academic Session(1st, 2nd, 3rd, 4th & 5th Batch)
  • Full List of Courses Offered in ABU Zaria and their Cut Off Mark 2024/2025 | JAMB & Departmental
  • Adeyemi College of Education Ondo, ACEONDO NCE Admission List for 2024/2025 Academic Session | 1st & 2nd Batch
  • Adekunle Ajasin University Akungba-Akoko, AAUA Post UTME & DE Screening Form 2024/2025 Academic Session
  • Lagos State Universit, LASU ACEITSE Postgraduate Programmes M.Sc and Ph.D Admission Form 2024/2025

Search

Copyright © 2025 · AmericanahBlog Home · About · Contact · Privacy