Question 816:

• JAMB 1986

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

Question 817:

• JAMB 1986

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

Question 818:

• JAMB 1986

The Nigeria Bank for Commerce and Industry is?

A. A commercial Bank
B. A developmment bank
C. An industrial bank
D. A merchant bank

Question 819:

• JAMB 1986

To control inflation, the monetary authorities of a country can?

A. Reduce taxes
B. Advise government to increase its expenditure
C. Engage in expansive monetary policy
D. Engage inrestrictive monetary policy

Question 820:

• JAMB 1986

Which of the following is used by the Central Bank to control the rate of interest?

A. Bill of Exchange
B. Banker's order
C. Fixed deposit account
D. Open market operation