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Economics Past Questions and Answers

Economics Questions

Question 1976:
The import-substitution strategy of industrialization is to encourage
  • A Domestic production
  • B Large-scale production
  • C Importation
  • D Exportation
View Answer & Explanation
Question 1977:
Upstream oil activities involve the
  • A Management of pollution
  • B Marketing of refined products
  • C Exploration of crude oil
  • D Refining of crude oil
View Answer & Explanation
Question 1978:
Agricultural production in Nigeria is constrained by
  • A Ineffective use of stabilization measures
  • B Inadequate demand
  • C Poor implementation of policies
  • D Balance of payments deficits
View Answer & Explanation
Question 1979:
The main function of NNPC is to
  • A Oversee the development of the oil sector
  • B Develop the oil producing area
  • C Fix the price of products
  • D Ensure regular supply of products
View Answer & Explanation
Question 1980:
Investing heavily in the agricultural sector will lead to
  • A Sufficient food production
  • B A vibrant commodity market
  • C Capital inflow
  • D Stable export prices
View Answer & Explanation