Jamb Economics 2013 Past Questions and Answers

Question 31:

• JAMB 2013

The main reason for low agricultural produce in west Africa is need to

A. The presence of large-scale agro-allied industries
B. High dependency ratio
C. Over dependence on agriculture for subsistence
D. The use of crude implements in farming process

Question 32:

• JAMB 2013

The most important determinant for the location of a brick industry is the availability of

A. Market
B. Power supply
C. Water
D. Raw materials

Question 33:

• JAMB 2013

In Nigeria, efficiency in public corporations can be achieved through

A. Public offer
B. Indigenization
C. Privatization
D. Nationalization

Question 34:

• JAMB 2013

Government participation in the oil industry was necessitated by the

A. Annual increase in production
B. Formation of OPEC
C. High demand for crude oil
D. Huge investment outlay

Question 35:

• JAMB 2013

The deregulation of the petroleum sector in Nigeria will bring about

A. Efficiency in pricing and distribution of the products
B. An end to the importation of fuel
C. An end to foreign firms' dominance
D. Fixing appropriate production quotas