Jamb Economics 2008 Past Questions and Answers

Question 31:

• JAMB 2008

A major consideration in locating a cement factory is the availability of

A. Skilled labour
B. Power
C. Infrastructural facilities
D. Limestone

Question 32:

• JAMB 2008

The exports-promotion strategy is aimed at producing

A. Consumer goods originally imported
B. Machinery for industries
C. More goods for exports
D. More goods domestic consumption

Question 33:

• JAMB 2008

The activities in the oil and gas industry are classified into

A. Exploration and transportation
B. Upstream and downstream
C. Discovery and extraction
D. Onshore and offshore

Question 34:

• JAMB 2008

The economic policy of privatization came up as a result of the poor performance of

A. Commercial banks
B. Small-scale businesses
C. Public enterprises
D. Private enterprises

Question 35:

• JAMB 2008

Joint-stock companies can raise funds from

A. The money market
B. The capital market
C. Various sources
D. Government