2002 - JAMB Economics Past Questions and Answers - page 4
31
External finance for a limited liability company is mainly sourced through?
A
the leasing equipment
B
the issuing of shares
C
trade credits
D
banks loans
correct option: a
Users' Answers & Comments32
Some of the key indicators of underdevelopment in a country are?
A
poverty, high level of literacy and low income
B
poverty, low level of literacy and low income
C
low level of illiteracy, low income and poverty
D
poverty, low incoe and low unemployment level
correct option: b
Users' Answers & Comments33
One of the roles of NNPC in the production and refining of crude oil is to?
A
secure maximum government revenue and regulate price
B
prevent the smuggling of petroleum products
C
satisfy the domestic consumption of petroleum products
D
protect the local operators in the petroleum industry
correct option: c
Users' Answers & Comments34
One way of correcting the balance of payments problem of a country is to?
A
introduce import-promotion measures
B
buy investments abroad
C
devalue the currency
D
de-emphasize import-substitution industries
correct option: b
Users' Answers & Comments35
Which of the following yields more revenue to Nigeria?
A
Value added tax
B
Royalties
C
indirect tax
D
Direct tax
correct option: c
Users' Answers & Comments36
Import substitution aims at?
A
substituting agricultural products with industrial ones
B
substituting imports with agricultural exports
C
the diversification of industries
D
improving the balance of payments
correct option: b
Users' Answers & Comments37
One of the major criticisms of the 1992-1968 National development Plan was that?
A
it failed to incorporate lessons gained from earlier plans to enhance its efficiency
B
it came too quickly after the country's indepedence
C
planned expenditure was based too heavily on expected earnings from crude oil
D
its execution was based largely on foreign sourced financial resources
correct option: d
Users' Answers & Comments38
ECOWAS has taken a giant step towards economic integration by?
A
presenting a united front against foreign economic exploiters
B
introducing a common currency for travellers
C
holding frequent meeting at various state capitals
D
increasing economic stability among members states
correct option: d
Users' Answers & Comments39
A deficit budget can be used to?
A
stimulate recovery from a trade depression
B
protect the economy from inflation
C
starve the economic of funds for economic development
D
provide measures to remedy the balance of payments
correct option: b
Users' Answers & Comments40
One of the major factors militating against industrialization in Nigeria is the?
A
inadequacy of infrastructural facilities
B
absence of government participation
C
frequent breakdown of equipment
D
failure to get foreign partners and supporters
correct option: a
Users' Answers & Comments