Question 361:

• JAMB 2014

A major disadvantage of localization of industry is

A. The risk of structural unemployment
B. Over-utilization of installed industrial capacity
C. The risk of seasonal unemployment
D. Under-utilization of installed industrial capacity

Question 362:

• JAMB 2014

One major factor that determines the location of an industry is

A. Tax exemption grant
B. Its proximity to the market
C. The capital base
D. The social responsibility of the firm

Question 363:

• JAMB 2014

One of the challenges facing the banking industry in Nigeria is

A. Ensuring technological security
B. Providing employment
C. Providing loans for investment
D. Creating more money

Question 364:

• JAMB 2014

Short-term loans for investment are usually obtained through the

A. Stock market
B. Development banks
C. Money market
D. Capital market

Question 365:

• JAMB 2014

Given a base year and the price index of 175% the following year, which of the following year will arise?

A. The cost of living decreases of that year
B. The cost of living remains unchanged
C. The value of money rises by 75%
D. The value of money falls by 75%