Jamb Economics Past Questions and Answers

Question 2121:

• JAMB 2013

Life insurance companies contribute to economic development by holding a part of their assets in

A. Long-term financial instruments
B. Money market instruments
C. Cash and near money
D. Short-term financial instruments

Question 2122:

• JAMB 2013

In order to add value to Nigeria agricultural produce, there is need to

A. Cultivate high breed crops
B. Process them into finished goods
C. Adopt modern storage methods
D. Advertise them in European markets

Question 2123:

• 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 2124:

• 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 2125:

• JAMB 2013

In Nigeria, efficiency in public corporations can be achieved through

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