Industry and Industrialization - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

Industrialization is the process of___________

A. Concentrating a firm in a place
B. Transforming as economy based on extractive to manufacturing
C. Transferring a government industry to individual
D. Transforming finished goods into semi-finished goods

Question 2:

• JAMB 2019

One of these is not a way by which government encourage industrialization?

A. Protection of Infant industries
B. Establishment of Nigeria Enterprises Promotion Decree
C. Low Productivity and inefficiency
D. Establishment of higher institutions

Question 3:

• JAMB 2018

The basic principle underlying location of industry is the tendency for production of a commodity to be located on the basis of______

A. Division of labour
B. Employment trends
C. Relative costs and benefits
D. Immobility of skilled labour

Question 4:

• JAMB 2019

Which of the following is an advantage of localization of industry?

A. Development of subsidiary firms
B. Creation of parallel market
C. Development of slums
D. Attraction of foreign capital

Question 5:

• JAMB 2019

When a union is composed of workers with the same skill , it is called____________

A. An industrial union
B. A workers union
C. A craft union
D. A technical union