Natural Resources and the Nigerian Economy - Jamb Economics Past Questions and Answers

Question 21:

• JAMB 2000

Being a member of the OPEC, Nigeria is in a favorable position to?

A. Export her crude oil
B. Control world crude oil prices
C. Reap the benefit of a cartel
D. Borrow money from members

Question 22:

• JAMB 2001

To facilitate the exportation of crude oil from Nigeria, special?

A. Airstrips were constructed for jets to evacute the oil
B. Roads were built to connect the major oil wells to the ports
C. Pipelines were laid to connect the major oil wellsto the ports
D. Railway lines were constructed to connect the major oil wells to the ports

Question 23:

• JAMB 2002

One of the roles of NNPC in the production and refining of crude oil is to?

A. Secure maximum government revenue and regulate price
B. Prevent the smuggling of petroleum products
C. Satisfy the domestic consumption of petroleum products
D. Protect the local operators in the petroleum industry

Question 24:

• JAMB 2003

The major role of multi-national companies in the petroleum industry in Nigeria is

A. The establishment of refineries
B. Oil marketing and prospecting
C. Oil marketing only
D. Oil prospecting only

Question 25:

• JAMB 2003

An adverse environmental impact of the petroleum industry on the economy is

A. Communal riots
B. The vandalization of oil equipment
C. Oil spillage
D. Community development