JAMB Economics Past Questions (2017)
This comprehensive set of past questions from the 2017 JAMB UTME Economics exam provides an invaluable resource for aspiring students. It covers a wide array of essential economic topics, from fundamental concepts like supply and demand, market equilibrium, and inflation, to more complex areas such as national income accounting, international trade, and the specifics of the Nigerian economy. Each question is designed to test your understanding and application of economic theories.
About This Exam
This comprehensive set of past questions from the 2017 JAMB UTME Economics exam provides an invaluable resource for aspiring students. It covers a wide array of essential economic topics, from fundamental concepts like supply and demand, market equilibrium, and inflation, to more complex areas such as national income accounting, international trade, and the specifics of the Nigerian economy. Each question is designed to test your understanding and application of economic theories.
Topics Covered
Exam Structure
- Question Formatmcq
- Total Questions39
- Estimated Duration13 minutes
- Difficulty LevelMedium
Learning Objectives
- •Understand key economic concepts and theories.
Prerequisites
A foundational understanding of basic economic principles and mathematics is recommended.
Sample Questions
Get a taste of what to expect in the full exam.
The role of IBRD as an international institution is to
improve trading among member nations
finance private businesses in member nations
facilitate the development of infrastructure in member nations
solve the problem of balance of payments of member nations
Given , . Determine the equilibrium quantity.
18
20
25
27
The study of age structure of a population is important because
determine the exchange rate
provide the government with statistics on the prevailing interest rate
reveals the cost of living
provides the government with statistics on present size of the labour force
A change in the quantity supplied of a commodity is influenced by
the price of substitutes
the price of the commodity
consumer's tastes
technological know-how
In Nigeria, industrial development can be enhanced by
ensuring stable prices for manufactured goods
reducing government expenditure on imported goods
providing efficient infrastructure
increasing the rate of interest
A sustained increase in per capita income accompanied by an increase in output is
economies of scale
economic efficiency
economic development
economic growth
The graph above represents
a decrease in quality supplied
an increase in supply
an increase in quantity supplied
a decrease in supply Wages
The reward for capital as a factor of production is
interest
rent
profit
wage
The most important function of agriculture to the Nigerian economy is
the guarantee of food security
technical skill development
technological development
industrial development
The cost-saving advantages which a large firm can achieve on its own are called
internal economies of scale
diseconomies of large scale
external diseconomies of scale
external economies of scale
Ready to start practicing?
Download Learn to access the full exam, get instant feedback, and see step-by-step solutions for every question.
How to Prepare
Key Preparation Tips
- Thoroughly review all topics listed in the JAMB syllabus for Economics.
Mistakes to Avoid
- •Calculation errors in mathematical problems (e.g., equilibrium price/quantity, elasticity).
Success Criteria
Achieving a high score in this practice set indicates a strong grasp of the core economics concepts tested in the JAMB UTME, significantly increasing the likelihood of success in the actual examination.
How LearnAI Helps You Prepare Faster
LearnAI is your personal AI lecturer that understands your study style and helps you master any topic in record time.
60% Prediction Accuracy
Our AI models predict potential exam questions with high accuracy based on past trends.
Personalized Explanations
Get step-by-step explanations for every topic, tailored to your current knowledge level.