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Economics Past Questions and Answers

Jamb Economics Questions

Question 41:

One of the major factors militating against industrialization in Nigeria is the?

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A Inadequacy of infrastructural facilities
B Absence of government participation
C Frequent breakdown of equipment
D Failure to get foreign partners and supporters

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Question 42:

The types, sources and uses of government income are mainly concerned with?

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A Public expenditure
B Public revenue
C Public budget
D Public finance

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Question 43:

The present privatization policy in Nigeria is aimed at?

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A Reducing income inequality
B Reducing the prices of goods and services
C Poverty alleviation
D Increasing efficiency in production

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Question 44:

One of the problems arising from the localization of industries is?

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A High prices of output
B The exportation of output
C The scarcity of foreign exchange
D Structural unemployment

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Question 45:

The major purpose of African Development Bank is to?

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A Provide loans for trade development
B Provide loans for infrastructural development
C Provide loans for develpment banks in distress
D Educate peasant farmers in new techniques

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