Courses » JAMB » JAMB Economics » Economics Exam Topics » 1998 - Questions and Answers

1998 - JAMB Economics Past Questions and Answers - page 2

11

Unlike the retailer, the wholesaler provides?

A
useful information to the manufacturer about consumers'taste
B
after-sales services to the consumers
C
useful information to the costumers on the benefits and uses of the product
D
useful information about market trends and finance to the manufacturer
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12

Liquidation of limited liability company implies that the?

A
company may not pay its debt
B
debts of the company can only be paid from its own assets
C
debts of the company are paid from both business and private funds of the owners
D
debts of the company musts be paid from public funds only
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13

One form of business organization which is not motivated solely by the profit objective is the?

A
joint stock company
B
private limited company
C
co-operative society
D
ordinary partnership
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14

Which of the following can have their shares quoted on the stock exchange?

A
Public corporations
B
A partnership
C
A consumer corporative
D
A public limited liability company
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15

The sector that employs the largest proportion of the active labour force in Nigeria is the?

A
oil sector
B
federal civil services
C
financial sector
D
agricultural sector
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16

An entirely domestic effort directed at improving agricultural production in Nigeria is the?

A
Agricultural Development Programme
B
Agro-industrial Development Scheme
C
Food and Agricultural Organization
D
National Land Development Authority
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17

A factor that influences the location of a firm near its market is the?

A
transportation of bulky raw materials
B
external economies
C
high cost of transporting finished goods
D
availability of skilled manpower
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18

In many developing countries, infrastructural problems is acute due to the shortage of?

A
industries and industrial equipment
B
savings, investment and consumption
C
natural resources for development
D
supporting services that encourage economic activities
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19

Export-promotion policy is primary concerned with the?

A
processing of raw materials to increase their value
B
making of international routes safe for export commodity
C
reduction in the number of imported items
D
encourage of the production of export commodities
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20

The petroleum industry in Nigeria is?

A
the sole source of the nation's revenue
B
the oldest industry in the country
C
the mainstay of the economy
D
a factor in the decline in the nation's foreign reserves
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