Upstream/downstream of the oil sector - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 2014

The loading of crude oil at the terminal is an activity in the

A. Downstream sector of the oil industry
B. Upstream and downstream sector of the oil industry
C. Upstream sector of the oil industry
D. Midstream and upstream sectors of the oil industry

Question 3:

• 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 4:

• 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 5:

• 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