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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:

Divorce of ownership from control is a characteristic of?

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A Sole properitorship
B A limited liability company
C Partnership
D A private limited company

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Question 22:

Capital provided by individuals to the firm by purchasing stocks is called?

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A Debt capital
B Fixed capital
C Circulating capital
D Equlity capital

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Question 23:

Which of the following factors is the most important in siting a petrol-chemical plants?

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A Nearness to the source of raw materials
B Nearness to the source of power
C Availability of labour
D Proximity to financial institutions

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Question 24:

Which of the following will be the effect of allowing only economic factors to dedicate the location of industries in Nigeria?

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A A more even development of the different parts of the country will be assured
B There will be an unbalanced spread in the distribution of industries
C The less developed parts of the country will be able to attract more industries
D Only the government will be able to finance the establishment of industries

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Question 25:

If the same basket of goods which cost N12.00 in 1985 cost N15.00 in 1987, price index for 1987 is?

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A 25
B 80
C 100
D 125

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