Inflation In Nigeria - SS2 Economics Past Questions and Answers - page 1

1

What is the major cause of inflation in Nigeria?

View related lesson
A

Poor infrastructure

 

B

High cost of production

C

Excessive printing of money by the government

Ask EduPadi AI for a detailed answer

Share this question

2

What are the effects of inflation in Nigeria?

View related lesson
A

Reducing the purchasing power of money

 

B

Lowering the standard of living

C

All of the above

Ask EduPadi AI for a detailed answer

Share this question

3

Which of the following is a policy implemented by the CBN to combat inflation in Nigeria?

View related lesson
A

Reducing interest rates

B

Increasing the money supply

 

C

Encouraging investment in the production sector

Ask EduPadi AI for a detailed answer

Share this question

4

What is the role of the Nigerian government in combating inflation?

View related lesson
A

Developing infrastructure

 

B

Encouraging investment in the production sector

C

Both a and b

Ask EduPadi AI for a detailed answer

Share this question

5

What is the Central Bank of Nigeria (CBN) doing to combat inflation in Nigeria?

View related lesson
Ask EduPadi AI for a detailed answer

Share this question

Share this page