2012 - JAMB Economics Past Questions and Answers - page 4
31
The primary reason for desiring economic growth is to
A
control inflation
B
reduce poverty
C
redistribute income
D
raise standard of living
correct option: c
Users' Answers & Comments32
An emerging agricultural export crop in Nigeria is
A
cassava
B
cotton
C
cocoa
D
soya beans
correct option: c
Users' Answers & Comments33
A strategy for improving agriculture in Nigeria will involve
A
controlling the prices of agricultural products
B
ensuring self-sufficiency in food production
C
reducing agricultural exports
D
establishing commondity boards
correct option: a
Users' Answers & Comments34
A sugar industry is best located near the source of
A
labour
B
raw materials
C
power
D
capital
correct option: a
Users' Answers & Comments35
An important contribution of small-scale industries to the Nigerian economy is in the area of
A
technological development
B
foregin exchange earnings
C
raw materials processing
D
labour employment
correct option: d
Users' Answers & Comments36
A change in the pump price of petrol in Nigeria has a direct effect on the
A
prices of consumer goods
B
prices of essential goods
C
cost of raw materials
D
cost of transportation
correct option: b
Users' Answers & Comments37
Long-term funds for investment projects are sourced from the
A
money market
B
commodity market
C
foreign exchange market
D
capital market
correct option: d
Users' Answers & Comments38
A policy aimed at enhancing globalization of the Nigerian economy is
A
indigenization
B
dereglation
C
commercialization
D
privatization
correct option: d
Users' Answers & Comments39
The Malthusian theory was concerned about the relationship between
A
population growth rates of the rich and the poor nations
B
population density and national income
C
population growth rate and natural resources
D
age distribution of population
correct option: c
Users' Answers & Comments40
In a village of 50 persons, 10 immigrated, 25 died and 5 emigrated in year. Determine the total population
A
10
B
20
C
30
D
50
correct option: c
Users' Answers & Comments