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Economics 2002 JAMB Past Questions

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31
Some of the key indicators of underdevelopment in a country are?
  • A. poverty, high level of literacy and low income
  • B. poverty, low level of literacy and low income
  • C. low level of illiteracy, low income and poverty
  • D. poverty, low incoe and low unemployment level
View Answer & Discuss (1) JAMB 2002
32
One of the roles of NNPC in the production and refining of crude oil is to?
  • A. secure maximum government revenue and regulate price
  • B. prevent the smuggling of petroleum products
  • C. satisfy the domestic consumption of petroleum products
  • D. protect the local operators in the petroleum industry
View Answer & Discuss (1) JAMB 2002
33

One way of correcting the balance of payments problem of a country is to?

  • A. introduce import-promotion measures
  • B. buy investments abroad
  • C. devalue the currency
  • D. de-emphasize import-substitution industries
View Answer & Discuss (2) JAMB 2002
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34
Which of the following yields more revenue to Nigeria?
  • A. Value added tax
  • B. Royalties
  • C. indirect tax
  • D. Direct tax
View Answer & Discuss JAMB 2002
35
Import substitution aims at?
  • A. substituting agricultural products with industrial ones
  • B. substituting imports with agricultural exports
  • C. the diversification of industries
  • D. improving the balance of payments
View Answer & Discuss JAMB 2002
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