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

Question 26:

• JAMB 2004

The downstream activities of oil companies in Nigeria involve

A. Refining and distribution
B. Prospecting and exploration
C. Off-shore drilling
D. Management of spillage and pollution

Question 27:

• JAMB 2005

The major contribution of the petroleum industry to the Nigerian economy is the

A. Generation of revenue for the oil companies
B. Provision of employment opportunities for communites
C. Generation of revenue for government
D. Promotion of industrial harmony

Question 28:

• JAMB 2005

The distinction between onshore and offshore operations in oil exploration lies in the

A. Location of sites
B. Output generated
C. Size of production
D. Techniques of production

Question 29:

• JAMB 2006

The oil-producing area in Nigeria are agitating for special compensation owing mainly to

A. The high level of poverty
B. The high level of unemployment
C. Constant flooding
D. Environmental pollution

Question 30:

• JAMB 2007

The world market for crude oil refers to the

A. Total supply by OPEC members
B. Total demand for and supply of crude oil
C. Excess crude oil produced in the world
D. Difference between the supply of and demand for oil