Challenges facing natural resources exploitation - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 1999

The first petroleum exploring company to discover crude petroleum in Nigeria was?

A. Mobil
B. Texaco
C. Agip
D. Shell-BP

Question 2:

• 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

Question 3:

• JAMB 2021

Petroleum 'glut' in international trade means ____________

A. Higher prices for the Consumption of petroleum.
B. An Oversupply of petroleum.
C. A fall in in petroleum production.
D. A higher petroleum price offered by the buyer.