Jamb Economics 1993 Past Questions and Answers

Question 31:

• JAMB 1993

The joint ventures operating in the Nigerian oil industry are between?

A. The NNPC and independent marketers
B. The NNPC and multinational marketers
C. The NNPC and producer marketers
D. Multinational corperations and independent marketers

Question 32:

• JAMB 1993

Which of the following are the major disadvantage of direct system of taxation?i, Disincentive of hard work
ii,Difficulties in assessment and collection
iii, imperfection in tax assessment.

A. I and ii
B. I and iii
C. Ii and iii
D. I, ii and iii

Question 33:

• JAMB 1993

According to the income approach to national income measurement, the national income of a country is equal to?

A. The value of all output produced in the country over the relevant period of time at market prices
B. The value of output at factors cost
C. The value added to production
D. C +I + G

Question 34:

• JAMB 1993

The best index for international comparison of standards of living is the?

A. Gross national product
B. Net national income
C. Per capita income
D. Gross national income

Question 35:

• JAMB 1993

The GDP of Nigeria will be greater than her GNP if?

A. The value of goods and services to Nigeria is greater than the value of those from Nigeria
B. Consumption is greater than investment
C. Government expenditures are greater than the foreign aid received
D. The value of goods and services produced by Nigeria businesses abroad is greater than that of foreign businesses in Nigeria