PassSpark

JAMB UTME Economics 2023 past questions and answers

This 2023 JAMB UTME Economics set has 40 practice questions. Try these 5 free sample questions, tap a question to reveal the answer and explanation. Then practise the whole 2023 set with instant marking.

Practise the full 2023 setTimed exam mode

Sample JAMB UTME Economics 2023 questions

1. Which characteristic is commonly associated with land as a factor of production?
  1. Its total supply is fixed, although its usefulness can be improved
  2. It is created only through investment
  3. Its reward is always wages
  4. It consists solely of money used in production

Answer: A. Its total supply is fixed, although its usefulness can be improved

The aggregate supply of land is fixed, even though improvements can raise its productivity.

2. The reward earned by an entrepreneur for organizing production and bearing business risk is
  1. rent
  2. interest
  3. profit
  4. wages

Answer: C. profit

Profit is the reward for entrepreneurship and for bearing the uncertainties of business.

3. A farmer harvests 18 tonnes of maize from 6 hectares. What is the average yield per hectare?
  1. 2 tonnes
  2. 2.5 tonnes
  3. 4 tonnes
  4. 3 tonnes

Answer: D. 3 tonnes

Average yield is total output divided by land area, so 18 / 6 = 3 tonnes per hectare.

4. Under a communal land tenure system, land is generally held
  1. exclusively by commercial banks
  2. by a community, with members obtaining rights to use it
  3. only by the central government
  4. as the private property of foreign firms

Answer: B. by a community, with members obtaining rights to use it

Communal tenure places land under the control of a community, which allocates use rights to members.

5. A new food-processing plant that creates a steady market for local farmers' crops most directly strengthens the
  1. foreign exchange reserve
  2. tertiary sector's import dependence
  3. backward linkage between industry and agriculture
  4. division of labour within the plant only

Answer: C. backward linkage between industry and agriculture

The plant's demand for agricultural inputs links industrial production backward to local farming.

More JAMB UTME Economics years

20262025202420222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000

All JAMB UTME Economics years · JAMB UTME subjects

PassSpark questions are original practice questions written to each exam's syllabus and format, in the style of past questions. They are not official past papers and are not affiliated with JAMB, WAEC, NECO, any university or any exam body.