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Economics 1985 JAMB Past Questions

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16
The inefficient distribution of scarce commodities in Nigeria is mostly due to the?
  • A. inefficiency in the middlemen
  • B. inefficiency in the production process
  • C. long chain of the distribution system
  • D. sovereignty of the consumers
  • E. ineffectiveness of retailers
View Answer & Discuss JAMB 1985
17
Warehousing facilities in the distribution and marketing of products are provided by?
  • A. manufacturers
  • B. wholesalers
  • C. retailers
  • D. consumers
  • E. sellers
View Answer & Discuss JAMB 1985
18
A corporation can obtain funds by issuing bonds. A bond is a form of debt which falls due to repayment after?
  • A. 6 months
  • B. 9 mnths
  • C. 2 years
  • D. 5 years
  • E. 10 or more years
View Answer & Discuss JAMB 1985
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19
A firm is said to be a public Joint Stock Company when it?
  • A. is owned by the government
  • B. is operated as a public corporation
  • C. is operated in a non-democratic fashion
  • D. sells shares to members of the public and publishes its account
  • E. is a limited liability company
View Answer & Discuss JAMB 1985
20
Limited liability means?
  • A. the debts of a company can only be paid from its own assets
  • B. the debts of a company are paid from business as well as private funds of the owners
  • C. government cannot tax the company
  • D. the debts of a company must be paid from private funds only
  • E. the company does not have to pay its debts
View Answer & Discuss (1) JAMB 1985
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts