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Economics 2013 JAMB Past Questions

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31

The most important determinant for the location of a brick industry is the availability of

  • A. market
  • B. power supply
  • C. water
  • D. raw materials
View Answer & Discuss (13) JAMB 2013
32

In Nigeria, efficiency in public corporations can be achieved through

  • A. public offer
  • B. indigenization
  • C. privatization
  • D. nationalization
View Answer & Discuss JAMB 2013
33
Government participation in the oil industry was necessitated by the
  • A. annual increase in production
  • B. formation of OPEC
  • C. high demand for crude oil
  • D. huge investment outlay
View Answer & Discuss (1) JAMB 2013
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34

The deregulation of the petroleum sector in Nigeria will bring about

  • A. efficiency in pricing and distribution of the products
  • B. an end to the importation of fuel
  • C. an end to foreign firms' dominance
  • D. fixing appropriate production quotas
View Answer & Discuss (1) JAMB 2013
35

A distinguishing characteristic of consumer co-operative society is that the

  • A. the maximum number of shareholders is 20
  • B. members are the owners
  • C. members are the workers
  • D. the minimum number of shareholders is 5
View Answer & Discuss (1) JAMB 2013
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