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Wednesday, 01 April 2026
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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:
JAMB 1984
One disadvantage of sole proprietorship is its?
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  • A Limited libility
  • B High profits
  • C High sense of ownership
  • D Low credit rating
  • E Low failure rate
View Answer & Explanation
Question 22:
JAMB 1984
The channel for food distribution in Nigeria consist of?
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  • A Farmers and their families
  • B Producers, wholesalers and retailers
  • C Producers and consumers
  • D Producers and processor
  • E Farmers, processors and consumers
View Answer & Explanation
Question 23:
JAMB 1984
Which of the following is NOT true of debentures and debenture holders?
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  • A Debentures are instruments for rising long-term capital by limited liability companies
  • B Debenture are fixed interest-bearing securities with specified maturity dates
  • C Debentures holders are creditors to the company and therefore do not share in the risk of the company
  • D Debenture holders are entitled to interest payments whether or not profits are made
  • E Preference shareholders recieve their share of profits before debenture holders receive their entitlements
View Answer & Explanation
Question 24:
JAMB 1984
The economic goal of public utilities is to?
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  • A Maximize profit
  • B Expand assets
  • C Minimize costs
  • D Provide essential services
  • E Pay higher dividends to shareholders
View Answer & Explanation
Question 25:
JAMB 1984
The basic principles of co-operative societies are those of?
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  • A Active participation of capitalist in the affairs of co-operative societies
  • B Worker ownership and worker control
  • C Sole proprietorship
  • D Partnership
  • E Denying of credit facilities to members
View Answer & Explanation

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