Jamb Economics 1992 Past Questions and Answers

Question 16:

• JAMB 1992

The main handicap of sole proprietorship is?

A. Limited liability
B. Lack of technical know-how
C. Low profit margin
D. Inadequate capital

Question 17:

• JAMB 1992

The main reason for the current programme of privatization and commercialization of public enterprises in Nigeria is to?

A. Reduce public expenditure
B. Encourage efficiency in the performance of such enterprises
C. Reduce the number of public enterprises
D. Raise the prices of goods and services produced by the enterprises

Question 18:

• JAMB 1992

The type of business finance that entitles the holder to a fixed rate of dividend is?

A. Perferred stock
B. Common stock
C. Debenture
D. Bank loan

Question 19:

• JAMB 1992

Farmers' income may fall if they produce more cash crops for export because?

A. Foreign demand is inelastic
B. The price of the crops will rise
C. Of domestic currency depreciation
D. Of export duties

Question 20:

• JAMB 1992

Under the Nigerian Structural Adjustment Programme, the marketing of agricultural commodities in Nigeria has been placed under?

A. The marketing boards
B. The commodity boards
C. The river-basin authorities
D. Private investors and individuals