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Economics Past Questions and Answers

Jamb Economics Questions

Question 36:

The ultimate aim of agricultural policies in Nigeria is to achieve

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A Food sufficiency
B Industrialization
C Full employment
D Industrial capacity utilization

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Question 37:

Localization of industries refers to the

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A Spread of firms producing different products
B Siting of industries near the market
C Concentration of firms of an industry
D Siting of firms producing different products

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Question 38:

In developing countries, governments influence the location of industries in order to

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A Spread development
B Redistribute wealth
C Encourage enterpreneurs
D Encourage industries to earn high profits

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Question 39:

A disadvantage of Nigeria's dependence on imported petroleum products is the

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A Instability in the demand for the products
B Dominance of multinational firms
C Instability in the supply of the product
D Poor maintenance of the refineries

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Question 40:

The maximum number of shareholders for a limited liability company is

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A Twenty
B Five
C Seven
D Infinite

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