Composition and direction of Nigeria's foreign trade - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1995

The sharp increase in the prices of most goods and services during the last quarter of 1994 in Nigeria were mainly due to?

A. Ban on importation of foreign goods
B. Population upsurge
C. The introduction of value-added tax
D. Increase in transport costs

Question 7:

• JAMB 1997

Which of the following classes of goods accounts for largest proportion of Nigeria's imports?

A. Food and animal products
B. Consumers goods
C. Chemicals
D. Machinery and transport equipment

Question 8:

• JAMB 2003

If Nigeria's composite price index in 1999 was 140.03% in 2000, the rate of inflation in 2000 was

A. 4.02%
B. 2.10%
C. 2.06%
D. 1.03%

Question 9:

• JAMB 2006

Nigeria's exports usually comprise

A. Consumer goods
B. Capital goods
C. Intermediate goods
D. Primary goods

Question 10:

• JAMB 2012

An emerging agricultural export crop in Nigeria is

A. Cassava
B. Cotton
C. Cocoa
D. Soya beans