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Economics 1985 JAMB Past Questions

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21
The purchasing power of the naira will fall when?
  • A. the naira is devalued
  • B. government cuts all salaries and wages
  • C. there is inflation
  • D. the colour of the naira is changed
  • E. workers are retrenched
View Answer & Discuss JAMB 1985
22
When a business has unlimited liability
  • A. all its profits can be taxed away by the government
  • B. all its assets are owned by the members of its board of directors
  • C. the business ceases to exist at the death of one of its owners
  • D. the owners are responsible for all its financial debts
  • E. the owners are not responsible for all its financial debts
View Answer & Discuss JAMB 1985
23
Which of the following factors is mostly responsible for the concentration of population around the oil fields in Eastern Nigeria?
  • A. Establishement of industries
  • B. presence of mineral deposits
  • C. Transportation facilities
  • D. Favourable soils
  • E. Favourable climate conditions
View Answer & Discuss (2) JAMB 1985
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24
The petro- chemical industries are located in the River State of Nigeria due to?
  • A. favourable climate
  • B. favourable soil
  • C. oil deposits
  • D. palm oil products
  • E. coal deposit
View Answer & Discuss JAMB 1985
25
One of the functions of the commercial banks is that it is?
  • A. responsible for monetary policy
  • B. responsible for issuing currency notes
  • C. the lender of last resort
  • D. the banker of the government
  • E. a banker of demand and time deposits of customers
View Answer & Discuss JAMB 1985
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