Deregulation, privatization, commercialization - Jamb Government Past Questions and Answers

Question 1:

• JAMB 2019

In a democratic system _______

A. Majority Vote
B. Legal sovereignty shouldn't be unquestionable
C. Electoral college is always necessary
D. Minority vote but majority rule

Question 2:

• JAMB 1992

One of the advantages of privatization is that it

A. Relieves government of its liquidity problem
B. Makes the poor to be richer
C. Gives private individuals control over public corporations
D. Make public corporations more effective

Question 3:

• JAMB 1994

Privatization and commercialization of public enterprises in Nigeria will lead to further entrenchment of

A. Socialism
B. Capitalism
C. Welfarism
D. Fascism

Question 4:

• JAMB 1995

Privatization of public corporations in Nigeria implies

A. Government diverstment from the companies
B. The public take - over of companies
C. The autonomy of government companies
D. The commercialization of public corporations

Question 5:

• JAMB 1997

In 1978,the Obasanjo Administration nationalized the assets of the British Petroleum and Barclays Bank in Nigeria in reaction to the British

A. Monopoly of Nigeria;s oil market
B. Occupation of the Falkland Islands
C. Continued trade links with South Africa
D. Reluctance to write off Nigeria's debts