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Economics 1986 JAMB Past Questions

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26
Which of the following is a characteristic of private limited liability company?
  • A. its shares can be sold to the public
  • B. the number of shareholders ranges from fifty to one hundred
  • C. all shareholders have equal powers and responsibilities
  • D. the number of shareholders ranges from two to fifty
View Answer & Discuss JAMB 1986
27
One of the advantages of a partnership over a sole proprietorship is that?
  • A. it is the most popular form of business organization
  • B. the patern can easy withdraw from business
  • C. it makes an increase in the capital of the business possible
  • D. there is no limit to the number of people who may bring in capital
View Answer & Discuss JAMB 1986
28
Which of the following is an external economy derived by a firm?
  • A. Low cost opportunities enjoyed by being in a place where other producers concentrate
  • B. Technical economics enjoyed by varying the factors of production
  • C. Economics of management by putting administrators where the are most efficient
  • D. marketing advantages attained through preferential treatment in the purchase and distribution of produce
View Answer & Discuss JAMB 1986
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29
Which of the following advantages of localization of industries may also be a disadvantage?
  • A. External economies
  • B. Concentration of industries and of people
  • C. Development of organized markets
  • D. Reduced costs of research
View Answer & Discuss (2) JAMB 1986
30
The Nigeria Bank for Commerce and Industry is?
  • A. a commercial Bank
  • B. a developmment bank
  • C. an industrial bank
  • D. a merchant bank
View Answer & Discuss JAMB 1986
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