On the basis of the contribution to employment, the most important economic sector in West African is?
A
industry
B
agriculture
C
construction
D
commerce
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22
The most popularly adopted industrialization strategy in West Africa is?
A
import substitution
B
export promotion
C
ports development
D
infant industries protection
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23
One of the most important factors that should be considered in the location of an industry is?
A
nearness to the financial centre
B
assured patronage by government functionaries
C
availabilities of inputs and market
D
availabilities of adequate security
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24
Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is?
A
labour intensity
B
capital intensity
C
poor technology
D
capacity under-utilization
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25
The money market is a financial market that specializes in the provision of?
A
short-term loans
B
medium-term loans
C
long-term loans
D
venture capital for development projects
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26
Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?
A
The deregulation of the banking system
B
The increase in the number of merchant banks
C
The community banking scheme
D
The deregulation of interest rate
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27
The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit?
A
N 100 000
B
N 800 000
C
N 1000 000
D
N 8000 000
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28
Economic development is distinguishable from economic growth because the former?
A
is not concerned with growth parameters
B
affects only the poor people
C
also includes an efficient distribution of economic growth
D
is an increase in the production of goods and services
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29
Which of the following can be considered as being outside the objectives of public finance?
A
The allocation of resources to various sectors of the economy
B
The objective of even distribution of income and wealth
C
The achievement of economic stability
D
The deregulation of the economy
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30
The joint ventures operating in the Nigerian oil industry are between?
A
the NNPC and independent marketers
B
the NNPC and multinational marketers
C
the NNPC and producer marketers
D
multinational corperations and independent marketers
