JAMB Economics Exam Questions

01

Definition and Scope of Economics

5 topics · 267 questions

• Meaning and definitions of economics54 questionsFree
• Scarcity, choice and opportunity cost53 questionsFree
• Production possibility curve54 questions
• Economic activities and channels of distribution53 questions
• Basic economic problems of society53 questions

02

Factors of Production

5 topics · 265 questions

• Types of production53 questions
• Land53 questions
• Labour and its efficiency53 questions
• Capital and capital formation53 questions
• Entrepreneurship53 questions

03

Economic Systems

3 topics · 159 questions

• Capitalism53 questions
• Socialism53 questions
• Mixed economy53 questions

04

Basic Tools of Economic Analysis

3 topics · 160 questions

• Tables, graphs and charts54 questions
• Measures of central tendency53 questions
• Measures of dispersion53 questions

05

Demand

4 topics · 213 questions

• The law of demand53 questions
• Types of demand52 questions
• Changes in demand53 questions
• Elasticity of demand55 questions

06

Supply

3 topics · 160 questions

• The law of supply53 questions
• Changes in supply53 questions
• Elasticity of supply54 questions

07

Theory of Consumer Behaviour

4 topics · 214 questions

• Utility and diminishing marginal utility54 questions
• Consumer equilibrium53 questions
• Indifference curves and the budget line54 questions
• Consumer surplus and consumer sovereignty53 questions

08

Theory of Price Determination

4 topics · 212 questions

• Markets and equilibrium price53 questions
• Effects of changes in demand and supply53 questions
• Price control and rationing53 questions
• The price system53 questions

09

Theory of Production

4 topics · 212 questions

• Division of labour and specialisation53 questions
• Scale of production53 questions
• Size and growth of firms53 questions
• Diminishing returns and returns to scale53 questions

10

Theory of costs and revenue

2 topics · 107 questions

• Cost concepts and cost curves54 questions
• Revenue concepts and profit maximisation53 questions

11

Market structures

3 topics · 159 questions

• Perfect competition53 questions
• Monopoly53 questions
• Monopolistic competition and oligopoly53 questions

12

National income

2 topics · 108 questions

• National income concepts and measurement54 questions
• Consumption, saving, investment and the multiplier54 questions

13

Money and inflation

2 topics · 108 questions

• Money: functions, demand and supply54 questions
• Value of money, inflation and deflation54 questions

14

Financial institutions

3 topics · 161 questions

• Central bank and monetary policy53 questions
• Commercial banks and credit creation54 questions
• Money market, capital market and other financial institutions54 questions

15

Public finance

2 topics · 108 questions

• Taxation54 questions
• Public expenditure, budgets and public debt54 questions

16

Economic growth and development

2 topics · 106 questions

• Growth, development and underdevelopment53 questions
• Development planning53 questions

17

Agriculture in Nigeria

2 topics · 107 questions

• Agriculture in the Nigerian economy54 questions
• Agricultural policies, marketing and price instability53 questions

18

Industry and industrialization

2 topics · 109 questions

• Location and localisation of industry54 questions
• Industrialisation in Nigeria55 questions

19

Natural resources and the Nigerian economy

2 topics · 107 questions

• Petroleum and the Nigerian economy53 questions
• Solid minerals and other natural resources54 questions

20

Business organizations

2 topics · 108 questions

• Types of private business organisations54 questions
• Public enterprises, privatisation and commercialisation54 questions

21

Population

2 topics · 108 questions

• Population theories and growth54 questions
• Population structure, census and migration54 questions

22

International trade

3 topics · 162 questions

• Comparative advantage and terms of trade54 questions
• Balance of payments54 questions
• Exchange rates and trade policy54 questions

23

International economic organizations

2 topics · 108 questions

• Regional economic organisations54 questions
• International economic institutions54 questions