Jamb Arts Subjects Questions

GOVERNMENT


1 Which of the following groups advocated political union of African states?
A. the congo group
B. the brazzaville group
C. the casablanca group
D. the monrovia group

2 Nigeria's first external affairs minister was
A. Alhaji Nuhu Ramali
B. Prof. Ishaya Audu
C. Dr Okoi Arikpo
D. Dr Jaja Wachukwu

3 The first conference of the Non-Aligned Movement was held in
A. Belgrade
B. Bandung
C. Havana
D. Harare

4 Which of these countries is NOT a member of New Commonwealth of Nations?
A. Papua New Guinea
B. Sri Lanka
C. Grenada
D. Rwanda

5 In international relations, countries have a right to
A. export oil
B. create more states
C. diplomatic immunity of their envoys
D. own a police force

6 In which of the following states was governor impeached during the second republic?
A. Borno
B. Bendel
C. Kaduna
D. Anambra

7 The ECOWAS trade liberalization programme excludes trade in
A. unprocessed goods
B. Crude oil
C. traditional crafts
D. industrial products

8 The Economic Commission for Africa is agency of
A. The OAU
B. ECOWAS
C. The EEC
D. The UNO

9 Which of the following pairs of countries were trust territories of the United Nations?
A. Tanganyika and Ghana
B. Cameroon and Niger
C. Togo and Namibia
D. Botwana and Zaire

10..The headquarters of the OAU Liberation Committee is located in
A. Lagos
B. Addis Ababa
C. Dar es Salaam
D. Harare

11 One of the agreements of the 1957 constitutional conference was that
A. Southern cameroons should constitute a separate region
B. a house of Chiefs was to be created in the Western Region
C. the office of the speaker of the house of representatives was to be created
D. the police was to be regionalized

12 The two nationalist leaders who led the tour of Northern Nigeria in 1946 to campaign against the Richards Constitution were
A. Ahmadu Bello and Abubakar Tawafa Balewa
B. Nnamdi Azikiwe and Obafemi Awolowo
C. Ahmadu Bello and Samuel Ladoke Akintola
D. Herbert Macaulay and Nnamdi Azikiwe

13 Indirect election was first introduced in Nigeria by the
A. Lyttleton Constitution
B. Macpherson Constitution
C. Richards Constitution
D. Clifford Constitution

14 The motion for self-government was moved in 1953 by the
A. Northern People's Congress
B. Action Group
C. National Council of Nigeria and the Cameroons
D. Northern Elements Progressive Union

15 Which of the following had a centralized administration in pre-colonial Nigeria?
A. the Igbos
B. the Tivs
C. the Ibibios
D. the Yorubas

16 The first political party in Nigeria was the
A. Nigerian National Democratic party
B. Nigerian Youth Movement
C. Action Group
D. National Council of Nigeria and the Carneroons

17 The major problem of the Nigerian federal structure in the first republic was
A. ethnicity
B. politicization of the mlitary
C. lopsided size of the component units
D. rigging of elections

18 The legislative organ of the federal government in the first republic was the
A. parliament
B. judiciary
C. legislative council
D. national assembly

19 Which of the following is an autonomous governmental agency?
A. the Civil Service Commission
B. the Manpower Advisory Committee
C. the National Emergency Relief Agency
D. the National Security Council

20 Which of the following was the LEAST important rationale for Nigerian federalism?
A. The vastness of the territory and the size of the population
B. Diverse cultures
C. Economic benefits
D. Bicameral legislature

21 During the second republic, some local government councils were created by
A. state governments
B. the federal government
C. the national assembly
D. the judiciary

22 The principle objective of British colonial policy in Nigeria was to
A. lay a solid fundation for Nigerian independence
B. help build a virile Nigerian economy
C. promote missionary activities
D. exploit and expropriate Nigerian resources for Bristh interests

23 Which of the following factors contributed most to cash crop production during the colonial administration in Nigeria?
A. Education
B. Pacification
C. Forced Labour
D. Taxation

24 Under the military regime in Nigeria state enactments are known as
A. laws
B. decree
C. edicts
D. promulgations

25 The military normally belongs to the arm (s) of government known as
A. the legislature and the judiciary
B. the executive
C. the judiciary
D. the judiciary and the executive

26 The principle of separation of powers is fundamental to the
A. parliamentary system
B. presidential system
C. totalitarian system
D. federal system

27 Under socialism the control of power resides with the
A. peasants
B. bourgeoisie
C. nobles
D. proletariat

28 Marxism is directed against
A. state ownership of the means of production
B. materialism
C. the proletariat
D. socialism

29 The rule of law implies that
A. judges interpret the law
B. lawyers interpret the law
C. everyone is subject to the law
D. the legislature makes the law

30 A by -law is made by
A. parliament
B. congress
C. an electoral college
D. the local government

31 A major opposition party at the national level in Nigeria's Second Republic was
A. NNP
B. UPN
C. PRP
D. GNPP

32 The exclusion of Africans from colonial administration is associated with
A. policy of assimilation
B. indirect rule system
C. policy of association
D. indignant policy

33 During the 1964 Federal Election in Nigeria, the United Progressive Grand Alliance comprised the
A. NNDP, NPC and NDC
B. NPC, UMBC and BYM
C. UMBC, AG, NEPU and NCNC
D. UMBC, BYM, NEPU and NPC

34 Which of the following binds Commonwealth Nations together?
A. Uniform Political System
B. Common Currency
C. Common Language
D. Common Colonial History

35 A structure of government in which power is shared between the centre and the units is
A. confederal
B. oligarchic
C. unitary
D. federalism

36.Which of the following performs oversight functions?
A. Judiciary
B. Civil service
C. Executive
D. Bureaucracy

37 Foreign Policy refers to
A. a policy made by a country when it is at war
B. the general principles of a states international behaviour
C. a policy made by a foreign country
D. a policy made by a country for foreigners

38 '' From each according to his ability to each according to his needs' is the principle of
A. Communism
B. Socialism
C. Capitalism
D. Communalism

39 The maintenance of law and order is a function of the
A. legislature
B. military
C. judiciary
D. executive

40 The development of attitudes and beliefs about a political system is known as
A. political orientation
B. political apathy
C. political culture
D. political socialization




USE OF ENGLISH : 60 QUESTIONS


1. It was our collective idea but Ado was doing everything to steal the show.
A. Ado was not part of the plainning but he tried rub us of the benefit of it
B. We planned the show together bt Ado was trying to abort it
C. It was a joint project but Ado is trying to attract the most attention
D. We collated the idea for the show but Ado was trying to steal the programme

2. As we watched, he just popped along to the shop for some b read?
A. He has walked slowly to the shop
B. He stole some bread from the shop but we could not stop him
C. H e broke into the bread shop before our very eyes
D. He went quickly to the shop for some bread

3. In all ramifications, Chief Adeyemi was a success principal of the school?
A. Hwe was partly a failure and partly a success
B. Everyone admitted that he was largely successful during his tenure
C. He was not totally successful in the school
D. His tenure witnessed a huge success

4. I couldn't buy the biscuit because of the hold-up in the supermarket?
A. The shop had not opened
B. The attendant was slow
C. Armed robbers were there
D. There was nobody to attend to me

5. You could have heard sound, if you weren't asleep?
A. You were not asleep so you heard the sound
B. You were asleep so you did not heard the sound
C. You heard the sound though you were asleep
D. You did not hear the sound though you were not as


6. Musa will not do the job well because he has an itching palm?
A. He has rashes in his palm
B. He is always looking for something to touch
C. He is always ready to accept bribe
D. He is tapping people on the back

7. Emeka was always conspicuous by his absence when it came to attending lectures.
A. That Emeka always attended lectures at school
B. Emeka absence from lectures was all too glaring
C. It was obvious that Emeka was not present at lectures
D. What made Emeka conspicuous was is occasional absence from school


8. He was injured by a friendly fire?
A. He was wounded in a war by a friend of his who fired a shot mistakenly
B. He was injured by a gun shot that was fired by a friend
C. He was hit in a war by a war weapon fired by his own side
D. It was a war and he was hit by a bomb fired by an unknown soldier

9. Kola visits us on occasions, and I don't like that?
A. I do not like Kola because he visits us only when an event is being celebrated
B. I hate the fact that Kola only visits us when something is being celebrated
C. That Kola does not visit us often is something I object to
D. Kola seldom visits us and that is because he is a fair-weather friend


10. At the time I arrived, Olu was lying in third place?
A. Olu's third position coincided with my arrival
B. When I arrived, Olu was sleeping in the space reserved for him
C. It was a competition and Olu was in third position when I arrived
D. On my arrived at the competition, Olu went to sleep

 *In each of questions 11 to 25,  Choose the option opposite in meaning to the underlined* *word(s).*

11.We had difficulty eating the meat because it was
 *leathery* ?
A. bitter
B. stringy
C. tough
D. tender


12. They boy is too *indolent* to do well at school?
A. intelligent
B. industrious
C. inactive
D. slothful

13. Salasi's *tremendous* effort has yielded results?
A. absolute
B. insignficant
C. unimpressive
D. a gregarious


14.Young people have a *penchant* for fast cars?
A. likeness
B. passion
C. madness
D. dislike


15. Life has become a *misery* for many owing to the harsh economic condition in the country?
A. drudgery
B. ridicule
C. ritual
D. comfort

16. Choose the option opposite in meaning to the underlined word(s).
The company director has a *vivacious* personality?
A. a positive
B. an unmanageable
C. an unimpressive
D. a gregarious


17. His ideas sounded quite palatable yet they were *jettisoned* by the group?
A. accepted
B. dumped
C. denied
D. criticized


18. Most of the latest actions are *militant* in nature?
A. commanding
B. civil
C. zealous
D. passionate


19. The compulsory leave made her feel *listless* ?
A. restful
B. great
C. fat
D. energetic


20. The novel is an *embellished* falsehood', said the teacher?
A. enriched
B. exaggerate
C. adorned
D. obliterated


21.I have had enough of your *impudence* .
A. politeness
B. incivility
C. arrogance
D. boldness


22. We were *collectively* responsible for keeping the machine in good shape?
A. jointly
B. severally
C. dutifully
D. socially


23. His comment was not *printable* ?
A. punishable
B. suitable
C. offensive
D. unfair


24. *Curiously* , he escape unhurt?
A. interestingly
B. unsurprisingly
C. annoyingly
D. unusually

In each of questions 26 to 35, Choose from the options, the nearest in meaning to the word underlined.

26. The boy was told that he would need *several* more pints of blood if he was to survive.
A. many
B. much
C. some
D. plenty


27. The principal told the teacher to stop *browbeating* the children?
A. pampering
B. bullying
C. deceiving
D. caning


28. Some actions of the Nigerian youth have *alienated* them from those who were *sympathetic* to their cause?
A. endeared / kindly
B. confronted / ill disposed
C. separated / opposed
D. estranged / well disposed


29. The essay topic is *nebulous* ?
A. vague
B. incorrect
C. distinct
D. cleaar


30. The man was able to persuade  *willful and* *obstinate* daughter to follow the career he chose for her?
A. intelligent but arrogant
B. unyielding and obdurate
C. secure and odious
D. hardworking and intelligent


31. Mr. Okon has been described as an *eagle-eyed* *editor*
A. a short-sighted
B. a clear-sighted
C. a long-sighted
D. a quick-sighted


32. Inspite of her grim situation, the young widow smiled dutifully at the visitor's *pleasantries*
A. unkind comments
B. sad stories
C. condolence messages
D. jocular remarks


33. I have always believed that my mother is a very
 *impassioned woman*
A. emotion
B. impartial
C. impassive
D. emotional


34.The party gathering was thrown into a state of *euphoria* after the election result was announced?
A. pleasure
B. sadness
C. excitement
D. confusion


35. The family discussed the crime committed and resolved to *nail the lie to the counter*
A. expose it publicly
B. bury it in a coffin
C. defer action on it
D. seek more advice

 *The passage below has gaps numbered 36 to 40*
 *Immediately following each gap, four opt* i* *ons are provided. Choose the most appropriate option for each gap.*

With the most profound respect to the members of the senate, I do not think that it is within the competence of the 36...[A. executive B. judicial C. administrative D. legislative] body to pass a motion to ..37[A. enforce B. nullify C. modify D. order] the executive action of the president. The senate is ..38.[A. a wing B. a portion C. an anchor D. an arm] of the National Assembly. But it is not by itself alone the National Assembly. One can imagine the confusion which would be created if the ..39¦..[A. House of Representative B. Judiciary C. National Assembly D. Executive council] were to take a view dramatically opposed to that reflected in the senate resolution. The strongest objection to the action of the senate is passing the resolution is the fact that it constituted itself the 40 [A. litigant B. defendant C. plaintiff D. attorney] as well as the judge of the constitutionality of the action of the president.

 *Questions 41 to 55 are from the novel In Dependence. Choose the correct options*

41. Where did ajayis always fly to for the summer holidays?
(a)Abuja
(b)Hong Kong
(c)Lagos
(d)England

42. in what year did uncle kayode get married to Helene?
(a)1975
(b)1964
(c)1987
(d)1974

43 How old was Miriam’s pregnancy as at the time they visited the yelwa club?
(a)5weeks
(b)3 months
(c)5months
(d)3weeks

44. who called out on greetings as Tayo and his family entered the lounge in yelwa club?
(a)Abraham
(b)Ibrahim
(c)Vanessa
(d)Christine

45. what was the name of Tayo’s daughter?
(a)Kardashian
(b)lily
(c)kemi
(d)funke

46. who phoned Tayo last week to congratulate him on his manuscript?
(a)His friends
(b)his friends
(c)his colleagues
(d)his publisher’s

47. what was the name of salamatou’s son?
(a)Suleiman
(b)Abubakar
(c)David
(d)ike

48. when was tayo’s family house normally quiet?
(a)Monday morning
(b)Friday morning
(c)Sunday morning
(d)Saturday evening

49. what did Tayo and Vanessa order when they got to the restaurant in Lagos?
(a)Rice and beans
(b)Rice and stew
(c)Rice and plantains
(d)coffee

50. what was the name of Tayo’s neighborhood drunk in his home town in ibadan?
(a)Jimoh
(b)micheal
(c)Dele
(d)Fred

51. who was the most successful trader along the west African coast?.
(a)Tayo’s Auntie
(b)Tayo’s mother
(c)Tayo’s sister
(d)Tayo’s mother in Law

52. what was the name of Oxford finest hotel?
(a)Royal Hotel
(b)The Randolph Hotel
(c)Super motion hotel
(d)Oxford Hotel and suit

53. what was the name of Yusuf’s current girlfriend?
(a)Amina
(b)yemi
(c)Joyce
(d)femi

54. What did tunde refuse to have at the party in his house?
(a)wordly music
(b)smooching
(c)drinks
(d)dance

55. Tunde’s room was designed to be what?
(a)Hotel
(b)A lounge
(c)a slf con
(d)a mansion

In Questions 56 to 60, choose the option that has the same vowel sound as the one represented by the letters underlined.

56. boat ?
A. board
B. bought
C. go
D. glory

57. Air?
A. heir
B. her
C. hear
D. fire

58. Plea sure?
A. pliable
B. pleat
C. plenary
D. jeopardy

59. Thunder ?
A. prefer
B. differ
C. confer
D. defer

60. Tear ?
A. dare
B. care
C. here
D. wear




CHRISTIAN RELIGIOUS KNOWLEDGE

1. What advice did Peter give to the elders of the church in their relationship with the younger members?
A. work as if being under external constraint
B. work without a domineering spirit
C. work with a desire for material gains
D. control their flock with firm hands

2. In Philippians Paul taught that Jesus humility and death on the cross earned him
A. salvation for israel
B. adoption as son of God
C. exaltation as Lord
D. eternal life in the kingdom

3. Why did Paul wish to retain Onesimus?
A. to protect him from persecution
B. Christianity was opposed to slavery
C. Philemon had earnestly requested that from Paul
D. to serve him during his imprisonment

4. James teaches that the man who shall be blessed is he who
A. hears the word of God
B. knows the law perfectly
C. does the word he hears
D. teaches the word of God well

5.Through God the Christian is no longer a slave but a son, and if a son then
A. a master
B. a redeemed
C. an heir
D. a beneficiarie's owners.

6. After his conversion, Paul was introduced to the disciples in Jerusalem by
A. Peter
B. Ananias
C. Barnabas
D. Phillip

7. Before Barnabas and Saul were sent on missionary journey, the elders laid hands on them.The laying on of hands signifies
A. confirmation
B. selection
C. commissioning
D. protection

8 The man who delivered judgement of the Jerusalem Council on the admission of Gentiles into the Church was
A. Peter
B. Paul
C. Barnabas
D. James

9.Why according to Paul must Christians be subject to civil authority?
A. To receive God's approval
B. to avoid Gd's wrath
C. God has commanded it
D. it is an Old Testament Law

10.  In the Epistle to the Romans, justification is received through
A. faith in Jesus
B. moral uprightness
C. observance of the law
D. giving of alms

11. At whose well did Jesus meet the Samaritan woman?
A. Abraham
B. Isaac
C. Jacob
D. Joseph

12. The lame man who was healed at the pool of Bethizatha was charged by the Jews for breaking the law of the Sabbath because he
A. consulted Jesus on the Sabbath day
B. was carrying his pallet on a Sabbath day
C. was on a journey on a Sabbath day
D. was seen with Jesus on a Sabbath day

13. The descent of the Holy Spirit on the day of Pentecost was prophesied by
A. Amos
B. Joel
C. David
D. Ezekiel

14 When the apostles in Jerusalem heard that Samaria had received the gospel, they sent to them
A. Mark and Barnabas
B. Peter and John
C. Paul and John
D. Peter and Paul

15 The conversion of the Ethiopian eunuch confirms the
A. universality of the gospel
B. work of the Apostles
C. work of Phillip in Samaria
D. the love of God for the eunuch

16. By saying that no human being will be justified in the sight of God by works, Paul meant that
A. the mosaic law was useless in ensuring justification for man
B. the law had been weakened in human flesh
C. knowledge of sin came through the law
D. Moses who gave the law was not justified by the law

17.  Paul's greatest writing about spiritual gift is found in his letter to the
A. Galatians
B. Ephesians
C. Romans
D. Corinthians

18. In Corinthians, Paul cited all the following resurrection appearances except
A. Cephas
B. The Twelve
C. Mary Magdalene
D. James

19.According to Peter, a Christian should exercise his freedom by
A. doing what is right
B. claiming his freedom at all cost
C. enduring pain while suffering
D. using it as a pretext for evil

20.  In which of the following ways did the Philippians share in Paul's suffering while in Prison
A. Appealing for the release of Paul
B. Sending him relief materials
C. Continuing in prayer for him
D. Remaining in partnership with him in recieving

21 The signs that God showed to Moses at his call were meant to
A. convice Pharaoh that he was the prophet of God
B. portray him as superior to the Egyptian magicians
C. enable him to perform miracles before Pharaoh
D. convince the people that he has been sent by God

22 ''The LORD give you children by this woman...''  Eli offered this prayer because of Hannah's
A. loan of Samuel to the LORD
B. faith in God
C. love for the service of the LORD
D. desire for more children from God

23 '' All the words which the LORD has spoken we will do ...''
What was Moses response to this declaration by the Israelites?
A. He asked them to pick twelve stones to represent the tribes
B. He charged them to walk faithfully before the LORD
C. He offered peace offerings to the LORD
D. He said that the LORD was witness to their declaration

24 King Saul asked Jesus to send David to him because he wanted David to
A. kill Goliath
B. serve him
C. marry his duaghter, Michal
D. become Jonathan's friend

25 King Rehoboam refused to take the counsel of the elders because
A. it was wrong counsel
B. it was afraid of the outcome of their counsel
C. it was a turn of affairs brought about by the LORD
D. he was stubborn

26 What did Saul do after his defeat of the Amalekites?
A. he returned to Shiloh
B. he set up a monument for himself
C. he offered sacrifices to God
D. he repented of his sins

27 '' Is not David hiding himself on the hill of Hachilah, which is on the east made to King Saul by the
A. Philistines
B. Amalekites
C. Ziphites
D. Hittites

28 The sign of the covenant between God and Noah for all future generations was
A. a treaty of peace
B. bow in the cloud
C. blood
D. circumicision

29 ''Let us flee from before Israel; for the LORD fights for them...
The statement above was made by the Egyptians when
A. the LORD drove the sea back by a strong east wind
B. Moses stretched out his hand over the sea
C. the angel of God sttod between them and the Hebrews
D. their chariots were clogged in the sea

30 Moses told the Isrealites that the LORD would give them fish in the evening and bread in the morning because He had
A. heard their prayers
B. seen their suffering
C. heard their murmurings
D. promised to feed them

31 The river that flowed out of Eden, to water the garden divided and became four rivers namely
A. Pishon, Tigris, Gihon and Nile
B. Nile,Pishon, and Euphrates and Tigris
C. Gihon,Pishon, Tigris and Euphrates
D. Pishon,Euphrates,Gihon and Jordan

32 The new covenant God made with the house of Israel and the house of Judah was written on
A. stones
B. tablets
C. their foreheads
D. their hearts

33 ''...When my soul fainted within me, I remembered the LORD, and my prayer came to thee...''
The prayer above was offered by Jonah
A. at Tarshish
B. at Nineveh
C. in the belly of the fish
D. in the ship

34 When the Babylonians captured King Zebekiah they
A. killed him immediately
B. put out his eyes
C. assaulted his wives in his presence
D. took his sons to Babylon

35 According to Hosea, the LORD would not have pity upon the children of his faithless wife because
A. they had not been faithful
B. they were rebellious children
C. their mother had played the harlot
D. their mother had not shown pity on them

36 The men who threw Shadrach were Meshach and Abednego into the fiery furnace were
A. consumed by the flames
B. amazed that the Hebrews were not burnt
C. assisted to escape from being burnt
D. promoted by the king

37 ''Hear this word, you cows of Bashan... who oppress the poor, who crush the needy....'' Cows of Bashan in the statement above refers to the
A. women of Samaria
B. wicked kings
C. false prophets
D. judges in Israel

38 God promised the faithless Israelites that if they repented of their sins and returned to Him, He would
A. fill them with His knowledge
B. deliver their enemies into their hands
C. give them shepherds after His own heart
D. give them favour in the sight of the nations

39 God decided not to punish the people of Israel during the reign of Josiah for the sins they committed because
A. Josiah humbled himself before the LORD and repented
B. He was merciful to him
C. Josiah walked righteously before the LORD, his God
D. He did not want Josiah to backslide

40 What acts of righteousness did Isaiah admonish his peopl to demonstrate?
A. helping the poor and offering sacrifices
B. learning to do good and seeking justic
C. avoiding evil and praying for others
D. defending the orphans and respecting the widows
[1/18, 12:38 AM] MC Kings: 2018 UTME PREPARATORY TESTS



ECONOMICS : 30 MINUTES

1. The difference between gross national product and net national product is equal to?
A. gross investment
B. net investment
C. net foreign income
D. capital depreciation

2 The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?
A. gross national product
B. disposable income
C. national income
D. gross domestic product

3 If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?
A. C + I + X + M
B. C + I +X - M
C. C + I - X + M
D. C + I + X

4 A sustained increase in the per capita income of a country over a period of time is called?
A. economic growth
B. economic development
C. structural change
D. stagflation

5 The primary goal of development planning in Nigeria is to?
A. increase profitability of enterprises
B. achieve a rapid increase in the welfare and standard of living of Nigerians
C. increase the level of gross domestic product
D. make Nigeria a super-power

6 By using exchange controls, a country tries to eliminate a balance of payments deficit by?
A. limiting her imports to its currency value of exports
B. reducing the nation's domestic price level
C. limiting her exports to its currency value of imports
D. overvaluing the country's currency

7 The law of comparative advantage states that a country should specialize in the production of a commodity
A. for which local demand is greatest
B. in which its oportunity cost is lower than that of the trade partner
C. for which foreign demand is greatest
D. for which there is abundant supply of raw materials

8 International and inter-regional trade differ primarily because?
A. comparative advantage is relevant to the former but not to the latter
B. products flow across national boundaries
C. there are different resources supplies among countries of the world
D. of regulation from GATT

9 Optimum population is the population level at which?
A. death rate is at a minimum
B. per capita income is at a maximum
C. population is at a maximum
D. death rate is equal to birth rate

10 The group of people engaged in banking or insurance services by occupational distributions are classified as?
A. primary producers
B. secondary producers
C. tertiary producers
D. technical producers

11 Government intervention in an economy is often justified on the group that?
A. wants are unlimited while resources are scarce
B. productivity is higher in the public than in the private sector
C. free market may not work, or produce desirable results
D. opportunity cost of government expenditure is zero

12 The three groups of government revenue are?
A. investment income, direct tax and indirect tax
B. imports duties, excise tax and export duties
C. company tax, personal income tax and import duties
D. company tax, import duties and excise tax

13 The main objectives of public expenditure does NOT include?
A. stabilization of national economy
B. achievement of a more equitable income distribution
C. meeting the social needs of the people
D. revenue sharing and profit maximizationn

14 A perfect example of a public good is?
A. air
B. education
C. defence
D. transport

15 A balance budget is defined as a condition of?
A. balance of payments equilibrium
B. equality of planned aggregate demand supply
C. equality of planned receipts and planned expenditure
D. equality of planned exports and planned imports

16 A major factor affecting the value of money is the?
A. price level
B. banking habit
C. transaction motive
D. divisible nature of money

17 Cost-push inflation is caused by?
A. growth of government expenditure
B. increase in factor prices
C. increase in money supply
D. hoarding

18 The stock exchange market is where?
A. businessmen borrow some capital
B. the federal government trades on treasury bills
C. existing bonds and stocks are traded
D. new stocks and shares are bought or sold

19 Commercial bank reserves at the Central Bank have the effect of?
A. controlling credit and money supply
B. discouraging banking operations
C. advancing trade prospects
D. reducing bank frauds

20 A tax is defined as regressive if?
A. the proportion of income paid as tax increase as the income level increases
B. all income group pay the same percentage of their income as tax
C. the proportion if income taen by the tax falls as income increases
D. the proportion of income taken by the tax is a fixed nominal amount of income for all income groups

21 the type of business finance that entitle the holder to a fixed rate of dividend is?
A. perferred stock
B. common stock
C. debenture stock
D. bank loan

22 Which of the business organization listed below is characterized by limited authority and liability of the individual owners?
A. Sole properitorship
B. Partnership
C. Joint stock company
D. Co-operative society

23 A company is said to be highly geared if the?
A. value of fixed interest loans is high compared with share capital
B. Value of shared capital is high compared with fixed interest loans
C. dividend rate is high
D. interest rate is high

24 Industries that can be randomly located are characterized by?
A. relatively low transport cost for both raw materials and output and factor mobility
B. relatively heavy transport cost for raw material or output
C. constant returns to scale
D. signficant economy of scale

25 The term 'double coincidence ' of wants is usually associated with a?
A. bilateral exchange mechanism
B. monetary exchange mechanism
C. stock exchange system
D. barter exchange mechanism

26. The law of variable proportions is also known as
A. law of demand
B. law of diminishing returns
C. law of diminishing marginal utility
D. law of returns to scale

27 All the following are problems identified with agriculture in West Africa except
A. land tenure system
B. ignorance of the farmers
C. use of crude implement
D. provision of food for the teeming population

28. Revenue can be expressed as
A. total Profit made after sales
B. amount of goods produced
C. total money realized from sales
D. amount spent on purchases

29All the following are factors that would bring about a change in supply except
A. level of technology
B. government policy
C. Entry of new firms
D. Price of the commodity

30 The combination of two commodities each yielding the same level of satisfaction to the consumer is
A. consumer surplus
B. indifference curve
C. budget constant
D. goods of necessity

31. In which situation is it likely that the demand for labour would be inelastic?
A. Labour and capital are close substitutes
B. Labour costs are only a small proportion of total costs
C. Demand for the final product that the labour produces is elastic
D. A large quantity of unemployed labour is available in the economy

32. The headquarter of the Organization Of Petroleum Exporting Countries (OPEC) is in
A. Paris, France
B. Geneva, Switzerland
C. Lagos, Nigeria
D. Vienna, Austria

33. What will increase the likelihood that the firms in an industry will conclude to maximize their joint profit?
A. The industry has many differentiated products
B. The industry is characterized by rapid technological change
C. The industry consist of large number of producers
D. There are significant barriers to prevent firms entering the market

34. A commercial bank can create money by
A. issuing currency
B. increasing cash ratio
C. issuing cheque
D. lending to borrowers

35 The source of all economic problems arises from
A. wants
B. Scarcity
C. Opportunity Cost
D. Scale of Preference

36 The concentration of industries in a particular geographical area is
A. localization of industries
B. roles of industrialization
C. location of industry
D. strategies of industrialization

37. All the following are the canons of taxation given by Adam Smith except
A. objective
B. economy
C. convenience
D. certainty

38. Census can be classified as
A. defacto and dejure
B. increasing and decreasing
C. over and under
D. optimum

39. A firm that charges the maximum price without attracting competition from new entrants is
A. Oil firms
B. Monopolistic competitive firm
C. Monopolistic firm
D. Perfectly competitive firm

40.The quantity theory of money states that a reduction in the quantity of money in circulation would bring about
A. A constant change in price
B. A rise in prices
C. An unequal fall in prices
D. A proportionate fall in price