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Economics Past Questions and Answers

Economics Questions

Question 3796:
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
  • E In the hand of NNPC
View Answer & Explanation
Question 3797:
In a limited liability company, the<br/>greatest risk is borne by ____
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  • A Shareholders debentures
  • B Company executives
  • C Ordinary shareholders
  • D Preference shareholders
  • E Board of directors
View Answer & Explanation
Question 3798:
In a public company, shares are ____
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  • A Sold to one person only
  • B Distributed freely
  • C Advertised to members of the public for subscription
  • D Disposed off by the Chief Executive
  • E None of the above
View Answer & Explanation
Question 3799:
The advantage of the sole proprietorship is as follows:
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  • A It is always successful
  • B Continuity is no problem
  • C Control and supervision is under one man
  • D Funds are easy to obtain
  • E Inter-generational equity is assured
View Answer & Explanation
Question 3800:
The maximum number of shareholders for a limited liability company is
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  • A Twenty
  • B Seven
  • C Five
  • D Infinite
  • E Limited to the number of individuals that are interested
View Answer & Explanation

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