Jamb Economics 1987 Past Questions and Answers

Question 26:

• JAMB 1987

Which of the following is NOT a type of business ownership?

A. Debenture holding
B. Private company
C. Parnership
D. Joint Stock venture

Question 27:

• JAMB 1987

Which of the following is a disadvantage of regional concentration of industries?

A. Development of congested urban areas
B. Existence of regional unempolyment
C. High cost of labour
D. Immobility of labour

Question 28:

• JAMB 1987

A limited liability company is usually owned by?

A. An individual
B. A government
C. Shareholders
D. Two or more partners

Question 29:

• JAMB 1987

Money market differs from capital market in that it?

A. Deals with short-term loans while capital market deals with long-term funds
B. Deals with money only while capital market deals with capital as well
C. Is limited in scope while capital market is not
D. Uses interest rate while capital does not

Question 30:

• JAMB 1987

The main reason for charging interest is to?

A. Reward enterpreneurial effort
B. Redistribute profits
C. Reward investors for present use of profits
D. Mobilize more funds for development