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Economics Past Questions and Answers

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Economics Questions

Question 1361:

An entirely domestic effort directed at improving agricultural production in Nigeria is the?

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A Agricultural Development Programme
B Agro-industrial Development Scheme
C Food and Agricultural Organization
D National Land Development Authority

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Question 1362:

A factor that influences the location of a firm near its market is the?

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A Transportation of bulky raw materials
B External economies
C High cost of transporting finished goods
D Availability of skilled manpower

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Question 1363:

In many developing countries, infrastructural problems is acute due to the shortage of?

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A Industries and industrial equipment
B Savings, investment and consumption
C Natural resources for development
D Supporting services that encourage economic activities

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Question 1364:

Export-promotion policy is primary concerned with the?

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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

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Question 1365:

The petroleum industry in Nigeria is?

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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

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