Jamb Economics 2013 Past Questions and Answers

Question 36:

• JAMB 2013

A distinguishing characteristic of consumer co-operative society is that the

A. The maximum number of shareholders is 20
B. Members are the owners
C. Members are the workers
D. The minimum number of shareholders is 5

Question 37:

• JAMB 2013

A major disadvantage of partnership business is

A. Difficulty in the transfer of shares
B. Distrust among members
C. Limited liability
D. Large capital outlay

Question 38:

• JAMB 2013

The quality of labour force in Nigeria can be improved by

A. Establishing more tertiary institutions
B. Creating sufficient job opportunities
C. Encouraging the study of science and technology
D. Establishing more skills acquisition centres

Question 39:

• JAMB 2013

The effect of emigration on a country's population is

A. Decrease in the population
B. Decrease in job opportunities
C. Increase in population
D. Increase in dependency ratio

Question 40:

• JAMB 2013

A measure for preventing the external value of the naira from falling is for the government to

A. Increase its spending with foreign reserve
B. Sell its own currency
C. Reduce interest rate
D. Buy its currency with foreign reserve