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Economics 1984 JAMB Past Questions

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21
The channel for food distribution in Nigeria consist of?
  • A. farmers and their families
  • B. producers, wholesalers and retailers
  • C. producers and consumers
  • D. producers and processor
  • E. farmers, processors and consumers
View Answer & Discuss JAMB 1984
22
Which of the following is NOT true of debentures and debenture holders?
  • A. Debentures are instruments for rising long-term capital by limited liability companies
  • B. Debenture are fixed interest-bearing securities with specified maturity dates
  • C. Debentures holders are creditors to the company and therefore do not share in the risk of the company
  • D. Debenture holders are entitled to interest payments whether or not profits are made
  • E. Preference shareholders recieve their share of profits before debenture holders receive their entitlements
View Answer & Discuss (1) JAMB 1984
23
The economic goal of public utilities is to?
  • A. maximize profit
  • B. expand assets
  • C. minimize costs
  • D. provide essential services
  • E. pay higher dividends to shareholders
View Answer & Discuss (1) JAMB 1984
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24
The basic principles of co-operative societies are those of?
  • A. active participation of capitalist in the affairs of co-operative societies
  • B. worker ownership and worker control
  • C. sole proprietorship
  • D. partnership
  • E. denying of credit facilities to members
View Answer & Discuss JAMB 1984
25
The most important factor determining the location of the cement industry in Nigeria today is ?
  • A. capital and government policy
  • B. the nature of the product, infrastructure and government policy
  • C. nearness to the market and source of power
  • D. Price of the product and source of labour
  • E. raw materials
View Answer & Discuss JAMB 1984
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