Jamb Economics 2002 Past Questions and Answers

Question 41:

• JAMB 2002

One of the major factors militating against industrialization in Nigeria is the?

A. Inadequacy of infrastructural facilities
B. Absence of government participation
C. Frequent breakdown of equipment
D. Failure to get foreign partners and supporters

Question 42:

• JAMB 2002

The types, sources and uses of government income are mainly concerned with?

A. Public expenditure
B. Public revenue
C. Public budget
D. Public finance

Question 43:

• JAMB 2002

The present privatization policy in Nigeria is aimed at?

A. Reducing income inequality
B. Reducing the prices of goods and services
C. Poverty alleviation
D. Increasing efficiency in production

Question 44:

• JAMB 2002

One of the problems arising from the localization of industries is?

A. High prices of output
B. The exportation of output
C. The scarcity of foreign exchange
D. Structural unemployment

Question 45:

• JAMB 2002

The major purpose of African Development Bank is to?

A. Provide loans for trade development
B. Provide loans for infrastructural development
C. Provide loans for develpment banks in distress
D. Educate peasant farmers in new techniques