JAMB Economics Past Questions (2018)
Prepare effectively for the JAMB UTME Economics exam with this comprehensive set of past questions from 2018. This resource allows aspiring university students in Nigeria to test their understanding of fundamental economic principles, theories, and applications. By working through these questions, you'll gain valuable insights into the types of problems encountered in the actual examination, covering areas from microeconomics and macroeconomics to international trade and public finance.
About This Exam
Prepare effectively for the JAMB UTME Economics exam with this comprehensive set of past questions from 2018. This resource allows aspiring university students in Nigeria to test their understanding of fundamental economic principles, theories, and applications. By working through these questions, you'll gain valuable insights into the types of problems encountered in the actual examination, covering areas from microeconomics and macroeconomics to international trade and public finance.
Topics Covered
Exam Structure
- Question Formatmcq
- Total Questions40
- Estimated Duration14 minutes
- Difficulty LevelMedium
Learning Objectives
- •Understand key economic concepts and principles relevant to the JAMB UTME syllabus.
Prerequisites
Basic understanding of secondary school-level economics concepts is recommended. Familiarity with mathematical calculations for statistics and economic models is also beneficial.
Sample Questions
Get a taste of what to expect in the full exam.
The major objective, of a revenue allocation formula in a country is to
share revenue between the public and private sectors
ensure the financial viability of the country
share revenue between the different tiers of government
divert revenue from areas of surplus to areas of needs.
What is the ratio of expenditure on health to Agriculture?
Joint ventures are partnership involving
the poor and the rich
employers and workers
government and private investors
multinationals and individuals
The formula is used to measure the
volume of trade between countries
direction of international trade
commodity terms of trade
volume of imports.
The Economic Community of African States (ECOWAS) has been slow in achieving its objectives because of
the activities of multinationals
inadequate personnel at the secretariat
political instability
inadequate international support.
The study of Economics becomes necessary because of the
large population size of the world
scarcity of resources
opportunity cost of goods and services
need to satisfy every desire of consumers.
Productive resources can also be called
principles of production
factors of production
items of production
labour and materials resources.
If the budget of the country was , how much is allocated to education?
What is the median of the distribution?
Utility is the satisfaction derived from
production
distribution
consumption
demand.
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How to Prepare
Key Preparation Tips
- Review the JAMB Economics syllabus to ensure all topics are covered.
Mistakes to Avoid
- •Misinterpreting graphical representations or statistical data.
Success Criteria
Achieving a high score (e.g., 70% or above) on this practice exam indicates a strong grasp of the covered economic concepts and readiness for the JAMB UTME Economics paper.
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