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
correct option: d
Users' Answers & Comments12
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
correct option: b
Users' Answers & Comments13
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
correct option: c
Users' Answers & Comments14
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
correct option: d
Users' Answers & Comments15
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
correct option: d
Users' Answers & Comments16
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
correct option: a
Users' Answers & Comments17
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
correct option: c
Users' Answers & Comments18
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
correct option: d
Users' Answers & Comments19
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
correct option: d
Users' Answers & Comments20
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
correct option: d
The petroleum industry in Nigeria is the largest on the African continent. As of 2014, Nigeria's petroleum industry contributes about 14% to its economy. Therefore, though the petroleum sector is important, it remains in fact a small part of the country's overall diversified economy
Users' Answers & Comments