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Wednesday, 08 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 861:
JAMB 1987
To which of the following sectors do services belong?
SchoolNGR Classroom
  • A Primary
  • B Secondary
  • C Tertiary
  • D Construction
View Answer & Explanation
Question 862:
JAMB 1987
The liability of the sole trader is?
SchoolNGR Classroom
  • A Indeterminable
  • B Unlimited
  • C Transferable
  • D Limited
View Answer & Explanation
Question 863:
JAMB 1987
Which of the following is NOT a type of business ownership?
SchoolNGR Classroom
  • A Debenture holding
  • B Private company
  • C Parnership
  • D Joint Stock venture
View Answer & Explanation
Question 864:
JAMB 1987
Which of the following is a disadvantage of regional concentration of industries?
SchoolNGR Classroom
  • A Development of congested urban areas
  • B Existence of regional unempolyment
  • C High cost of labour
  • D Immobility of labour
View Answer & Explanation
Question 865:
JAMB 1987
A limited liability company is usually owned by?
SchoolNGR Classroom
  • A An individual
  • B A government
  • C Shareholders
  • D Two or more partners
View Answer & Explanation

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