2013 - JAMB Economics Past Questions and Answers - page 4
31
The most important determinant for the location of a brick industry is the availability of
A
market
B
power supply
C
water
D
raw materials
correct option: a
Users' Answers & Comments32
In Nigeria, efficiency in public corporations can be achieved through
A
public offer
B
indigenization
C
privatization
D
nationalization
correct option: c
Users' Answers & Comments33
Government participation in the oil industry was necessitated by the
A
annual increase in production
B
formation of OPEC
C
high demand for crude oil
D
huge investment outlay
correct option: b
Users' Answers & Comments34
The deregulation of the petroleum sector in Nigeria will bring about
A
efficiency in pricing and distribution of the products
B
an end to the importation of fuel
C
an end to foreign firms' dominance
D
fixing appropriate production quotas
correct option: a
Users' Answers & Comments35
A distinguishing characteristic of consumer co-operative society is that the
A
the maximum number of shareholders is 20
B
members are the owners
C
members are the workers
D
the minimum number of shareholders is 5
correct option: b
Users' Answers & Comments36
A major disadvantage of partnership business is
A
difficulty in the transfer of shares
B
distrust among members
C
limited liability
D
large capital outlay
correct option: b
Users' Answers & Comments37
The quality of labour force in Nigeria can be improved by
A
establishing more tertiary institutions
B
creating sufficient job opportunities
C
encouraging the study of science and technology
D
establishing more skills acquisition centres
correct option: d
Users' Answers & Comments38
The effect of emigration on a country's population is
A
decrease in the population
B
decrease in job opportunities
C
increase in population
D
increase in dependency ratio
correct option: a
Users' Answers & Comments39
A measure for preventing the external value of the naria from falling is for the government to
A
increase its spending with foreign reserve
B
sell its own currency
C
reduce interest rate
D
buy its currency with foreign reserve
correct option: b
Users' Answers & Comments40
A fiscal policy instrument that can influence the demand pattern in an economy is
A
government spending
B
interest rate
C
income tax
D
tariff
correct option: c
Users' Answers & Comments