Question 711:

• JAMB 1984

The economic goal of public utilities is to?

A. Maximize profit
B. Expand assets
C. Minimize costs
D. Provide essential services
E. Pay higher dividends to shareholders

Question 712:

• JAMB 1984

The basic principles of co-operative societies are those of?

A. Active participation of capitalist in the affairs of co-operative societies
B. Worker ownership and worker control
C. Sole proprietorship
D. Partnership
E. Denying of credit facilities to members

Question 713:

• JAMB 1984

The most important factor determining the location of the cement industry in Nigeria today is ?

A. Capital and government policy
B. The nature of the product, infrastructure and government policy
C. Nearness to the market and source of power
D. Price of the product and source of labour
E. Raw materials

Question 714:

• JAMB 1984

The most important characteristic of money is?

A. Portability
B. Intrisic value
C. Acceptability
D. Usefulness
E. Beauty

Question 715:

• JAMB 1984

The Central Bank instrument of control does NOT include

A. Open market operation
B. Moral sanctions
C. Reverse requirements
D. Selective credit control
E. Printing bank-notes