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Economics Past Questions and Answers

Jamb Economics Questions

Question 21:

Stocking small quantities of a variety of goods is a function of the?

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A Manufacturer
B Wholesaler
C Retailer
D Consumer

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Question 22:

In a joint stock company, preference shareholders are those who receive?

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A High dividends when profits are high and little or nothing when profits are low
B A fixed rate of individend and have the first claim on the net profits of the company
C The remaining profits after all other shareholders have been paid
D Dividends quarterly when others receive annually

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Question 23:

The major reason for the survival of small shops despite competition from large business enterprises is because of?

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A The small capital outlay involved
B Regularity and constant supply of commodities by them
C Their local srvices and longer hours of operation
D Their level of managerial competence

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Question 24:

One of the major advantages of public enterprises is that?

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A They are highly subsidize
B They are the largest employers of labour
C Their operations are highly standardized
D They take prompt decisions and actions

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Question 25:

When public enterprises become commercialized, it means that?

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A The product of the enterprises are further subsidized
B They are expected to operate with the primary aim of making profits
C The government has decided to divest itself of such enterprises
D The staff of the enterprises will be laid off

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