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Economics 1991 JAMB Past Questions

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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
16
A possible factor which limits the extent of growth of a firm is the?
  • A. existence of a monoploy
  • B. bureaucratic delays in decision-making
  • C. use of by-products
  • D. unwillingness to share ownership and control
View Answer & Discuss JAMB 1991
17
One of the most outstanding disadvantages of co-operative societies as business organization is that?
  • A. true spirit of co-operation is marred by delegated authority
  • B. members show much interest
  • C. it is poorly financed
  • D. membership interest is centred on sharing of essential commodities
View Answer & Discuss JAMB 1991
18
A disadvantage of a joint-stock company is?
  • A. unlimited liability
  • B. limited liability
  • C. continuity
  • D. loss of controlling interest
View Answer & Discuss (1) JAMB 1991
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19
A characteristic of a debenture is that?
  • A. its yeild is based on profits
  • B. its yeild is a fixed rate of interest
  • C. it has no redemption date
  • D. there is a voting right when interest is paid
View Answer & Discuss JAMB 1991
20
Industries tend to be located closer to market centers than to the sources of major raw materials if the?
  • A. products are relatively cheap to transport to market centers
  • B. products are relatively more expensive to transport than the major raw materials
  • C. raw marterials are bulky
  • D. raw marterials can also be imported
View Answer & Discuss JAMB 1991
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