2020 JAMB CBT ECONOMICS QUESTIONS AND ANSWERS (14th) Economics
*1. The residual of production which acquires to the ownership of loans
after all other expenses have been met is called ___*
*Answer: Rent*
*2. The downturn in the price of shares on stock markets is a highlight or
___*
*Answer: The regulatory nature of the market*
*3. What is the effect of decrease in supply where demand is constant?*
*Answer: Increase in price, decrease in quantity.*
*4. To control inflation, the monetary authority of a company can ___*
*Answer: Engage in a restrictive monetary policy.
*5. Natural growth rate can be calculated by?*
*Answer: Natural growth rate = Death rate + Net immigration*
*6. In the analysis of utility theory, the basic of demand is ___
Answer: *Diminishing utility*
*7. In the money market, money can only be borrowed for ___*
*Answer: Short term*
*8. The consumers co-operative society is owned by*
*Answer: Members of the society
*9. Find the median of the following set of score, 8,9,6,5,10*
*Answer: Median is the middle number after all the numbers are
arranged in ascending or descending order.* *(Arranging, we have
5,6,8,9,10.* *Therefore, the media in 8*
*10. In a public company, entrepreneurship functions are performed by
the ___*
*Answer: Board of directors
*11. One major export crop in West Africa is ____
Answer: Cocoa*
*12. expresses relationship between the dependent and
independent variable.*
*Answer: Functions*
*13. Macroeconomics was made popular by*
*Answer: John M. Kaynes*
*14. Distribution of goods and services is hindered by ____*
*Answer: Too many middlemen (and other factors).*
*15. Census of population is usually conducted every ___*
*Answer: 10 years*
*16. Which bank is known as post office bank?
Answer: Merchant Bank*
*17. A firm s main aim is to*
*Answer: Maximise profits*
*18. In a socialist economy, factors of production are owned and
controlled by the*
*Answer: Government.*
*19. The market where buyer and sellers of currency meet is known as*
*Answer: Foreign exchange market*
*20. Taxes which are levied on a* *person s expenditure are known as*
*Answer: Purchase tax
*21. The additional revenue obtained by using one more unit of a factor
is called* ___
*Answer: Marginal Revenue product
*22. A firm s compulsory cost is referred to as its*
*Answer: Fixed Cost*
*23. The assumption of economic analysis are .. and ..*
*Answer: Rationally and other things being equal*
*24. A firm is at its optimum size when*
*Answer: It produces the greatest output at the minimum.*
*25. When a variable is associated with time period, it is?*
*Answer: A flow*
*26. The full meaning of OPEC is*
*Answer: Organization of Petroleum exporting countries.
*27. State-owned enterprises are more common in____
Answer: Centrally planned economies*
*28. Commercial banks are example of___
Answer: joint stock banks*
*29. Efficiency of labour is enhanced by Improved____
Answer: working condition and training*
*30. The production strategy used in over populated country is__
Answer: Labour intensive.*
*31. Internal trade has general effect on .. of a country.
*Answer: GDP*
*32. West African economies can be described as?*
*Answer: Agricultural.
*33. The headquarters of the African Development Bank (ADB) was
originally located in____
Answer: Abidjan*
*34. .. is the measurement of* *steepness of the line or curve that
emerges on the graph.*
*Answer: Slope*
*35. Banks create money by*
*Answer: Lending out deposits to borrowers*
*36. The situation whereby government revenue is less than government
expenditure is referred to as*
*Answer: Budget deficit*
*37. .. and . of goods and factors of production brought the
existence of price*
*Answer: Scarcity and usefulness*
*38. The most common form of* *business in West Africa is the*
*Answer: Sole proprietorship*
*39. The terms of trade simply mean the price ratio of*
*Answer: export to import.*
*40. The tax imposed on goods produced within the country is
Answer: excise tax
NOTE:
1. YOUR NUMBER TEN(10) QUESTION CAN BE YOUR
BROTHER S NUMBER TWENTY-FIVE {25} QUESTION.
2. DON T SPREAD THIS QUESTIONS AND ANSWERS TO
ANYONE.
The following are the approved fees for the examination and other related items: Registration fees ? 4,000.00 Naira (Mandatory fee) Late Registration ? 1,000.00 Naira per candidate ? (Mandatory fee) Re-Sit Exam ? 1,000.00 Naira per copy.
A1: 1 x 4 = 4 B2: 3 x 3.6 = 10.8 C4: 1 x 2.8 = 2.8 Total points: 4 + 10.8 + 2.8 = 17.6 Now, we divide the UTME by 8 i.e 280 ? 8 = 35 So, the aggregate score will be 17.6 + 35 + Post-UTME score.
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A1: 1 x 4 = 4 B2: 3 x 3.6 = 10.8 C4: 1 x 2.8 = 2.8 Total points: 4 + 10.8 + 2.8 = 17.6 Now, we divide the UTME by 8 i.e 280 ? 8 = 35 So, the aggregate score will be 17.6 + 35 + Post-UTME score.
How much is Canada Student visa fee in Nigeria? The fee for Canada student visa in Nigeria varies from time to time. At this time, the fee for the study permit is about $150 (CAD) and then biometrics fee is $85 (CAD). You will also need to pay a service fee of $45.
Please have it in mind that the junior WAEC registration for 2020/2021 actually started around Monday, October 8, 2019 , and will close on Friday, December 2019 .
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The best study spot is one that is quiet, well-lit, and in a low-traffic area. Make sure there is a clear workspace to study and write on. For every 30 minutes, you study, take a short 10-15 minute break to recharge. Make studying less overwhelming by condensing notes from class.
What is GCE? It is General Certificate Examination. The GCE as it usually called by many people are two based on the bodies that conduct them. There is the West African Senior School Certificate Examination (WASSCE) for school private candidates in November/December.
Is Wassce equivalent to GCSE? Minimum of three passes at GCE A-level at grade C or above, and five passes at GCSE/IGCSE level at grade C or above, including English and Maths with equivalent qualifications such as African WAECs - 6 passes at grades 1-6, including Maths and English.
C6 (50-54%), C5 (55-59%) and C4 (60-64%) are credit grades. B3 (65-69%) is a Good grade. B2 (70-74%) is a Very Good grade. A1 (75-100%) is an Excellent grade.
College/University is definitely not free in Canada, unless you get a scholarship or one of your parents works at an institution where they provide that benefit to the children of employees. e.g. Ontario has the highest average undergraduate tuition at about $7800 per year (2 semesters) in the 2015/2021 year.
How to Apply for the 2020 WAEC GCE. Candidates arc expected to pay a registration fee of Thirteen Thousand, Nine Hundred and Fifty Naira (N13,950) only, at branches of any of the following banks or any accredited agent and obtain the Registration PIN and Information VCD: Access Bank Plc.
Although the 16 years age limit requirement for university admission has no legal backing, it has become the gold standard for some universities in Nigeria, which had in their post-Unified Tertiary Matriculation Examination (UTME) advertorial stated that ?candidates, who will not be 16 years of age by October 31, 2018, ...
I am very pleased to confirm there is no upper age limit to start nurse training so your age is not a hurdle. However you do need to consider a number of issues before committing to a long and challenging journey. To help you here are four tips I believe will help you make your decision: 1.
Prof Yankah said that although there are only a few state-owned universities in Ghana, they control about 80 percent of student enrollment. ... Prof Emmanuel Adow-Obeng, who suggested that WASSCE students with grade D7 and E8 in the core subjects be allowed to enter the universities through an access course programme.
Postgraduate: University of the West Indies - A score of B, 65% or GPA of 3.0 is considered comparable to a UK 2.1, while a score of B-, 60% or GPA of 2.7 is considered comparable to a UK 2.2. ... A Level or CAPE grades will also be considered alongside degree scores.
The fact is your O'level result; be it WAEC , NECO or NABTEB is valid for a life time and has no expiration date. The Examination conducted by these examination bodies is known as ?achievement test? and therefore the certificates awarded are valid forever.
National Examinations Council, otherwise known as NECO, is a national examination body established by the Nigerian government to conduct examinations. Unlike WAEC, NECO is a national examination body vested with the responsibility to oversee specified exams only in Nigeria.
... is externally organized and graded by the West Africa Examinations Council (WAEC), which clas- sifies candidates who obtain BECE Aggregate 6 to 12 as "distinction" or "good" students, Aggregate 13 to 24 achiev- ers as "average," and Aggregate 25 and above achievers as "weak" students (Asihene, 2009;Dorleku, 2013; ...
The basic requirements for collection of original certification is the verification of the candidate original O level result. Neck stand for national examination council and the original neck result is always available after 4 years.
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