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Economics Past Questions and Answers

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Economics Questions

Question 361:

A major disadvantage of localization of industry is

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A The risk of structural unemployment
B Over-utilization of installed industrial capacity
C The risk of seasonal unemployment
D Under-utilization of installed industrial capacity

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Question 362:

One major factor that determines the location of an industry is

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A Tax exemption grant
B Its proximity to the market
C The capital base
D The social responsibility of the firm

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Question 363:

One of the challenges facing the banking industry in Nigeria is

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A Ensuring technological security
B Providing employment
C Providing loans for investment
D Creating more money

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Question 364:

Short-term loans for investment are usually obtained through the

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A Stock market
B Development banks
C Money market
D Capital market

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Question 365:

Given a base year and the price index of 175% the following year, which of the following year will arise?

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A The cost of living decreases of that year
B The cost of living remains unchanged
C The value of money rises by 75%
D The value of money falls by 75%

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