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731
What is the term used to describe a policy aimed at promoting the local production of goods which are usually imported?
  • A. Deregulation
  • B. import substitution
  • C. Tariff reduction
  • D. Backward integration
View Answer & Discuss JAMB 1994
732
Labour-intensive strategy of industrialization emphasizes the use of?
  • A. steam energy in the process of production
  • B. manual method of production
  • C. synthetic raw materials
  • D. hydro-electric power
View Answer & Discuss JAMB 1994
733
Petroleum is the mainstay of the Nigerian economy because it is the?
  • A. main foreign exchange earner
  • B. greatest employer of labour
  • C. greatests contributor to the growth of agriculture
  • D. source of high income for its workers
View Answer & Discuss (1) JAMB 1994
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734
An indigenous company wholly owned by the federal government of Nigeria which currently engaged in prospecting for oil is?
  • A. the Nigerian National Oil Company
  • B. Peak Petroleum Industries Nigeria Limited
  • C. Nigeria Exploration and Production Company
  • D. the Nigeria National Petroleum Corporation
View Answer & Discuss JAMB 1994
735
An increase in both the legal reserve ratio and discount rate has the effect of?
  • A. increasing the quantity of money in circulation
  • B. decreasing the quantity of money in circulation
  • C. increasing the value of money
  • D. decreasing the value of money
View Answer & Discuss JAMB 1994
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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