Jamb Economics 1990 Past Questions and Answers

Question 21:

• JAMB 1990

Divorce of ownership from control is a characteristic of?

A. Sole properitorship
B. A limited liability company
C. Partnership
D. A private limited company

Question 22:

• JAMB 1990

Capital provided by individuals to the firm by purchasing stocks is called?

A. Debt capital
B. Fixed capital
C. Circulating capital
D. Equlity capital

Question 23:

• JAMB 1990

Which of the following factors is the most important in siting a petrol-chemical plants?

A. Nearness to the source of raw materials
B. Nearness to the source of power
C. Availability of labour
D. Proximity to financial institutions

Question 24:

• JAMB 1990

Which of the following will be the effect of allowing only economic factors to dedicate the location of industries in Nigeria?

A. A more even development of the different parts of the country will be assured
B. There will be an unbalanced spread in the distribution of industries
C. The less developed parts of the country will be able to attract more industries
D. Only the government will be able to finance the establishment of industries

Question 25:

• JAMB 1990

If the same basket of goods which cost N12.00 in 1985 cost N15.00 in 1987, price index for 1987 is?

A. 25
B. 80
C. 100
D. 125