JAMB Economics questions

378 questions with answers and explanations. Tap an option to check yourself.

1. Question 221· Natural resources and the Nigerian economy· JAMB

   Nigeria became a member of the Organisation of Petroleum Exporting Countries (OPEC) in

   • A1971
   • B1960
   • C1956
   • D1999

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2. Question 222· Natural resources and the Nigerian economy· JAMB

   The upstream sector of the petroleum industry is concerned with

   • Aexploration and production of crude oil
   • Bselling petrol at filling stations
   • Crefining crude oil
   • Ddistribution of kerosene

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3. Question 223· Natural resources and the Nigerian economy· JAMB

   Over-dependence on crude oil makes Nigeria's economy vulnerable to

   • Ahigh rainfall
   • Bswings in world oil prices
   • Cpopulation growth
   • Dforeign aid

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4. Question 224· Natural resources and the Nigerian economy· JAMB

   Natural gas in Nigeria is increasingly used for

   • Anothing
   • Bonly cooking
   • Conly fertiliser
   • Dpower generation and export as LNG

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5. Question 225· Natural resources and the Nigerian economy· JAMB

   When the world price of crude oil falls sharply, Nigeria's main problem is likely to be

   • Aa fall in imports of fuel
   • Ba rise in oil production
   • Ca fall in foreign exchange earnings and government revenue
   • Da rise in cocoa exports

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6. Question 226· Natural resources and the Nigerian economy· JAMB

   Gas flaring is wasteful because

   • Avaluable energy is burned off and the environment is polluted
   • Bit produces oil
   • Cit creates jobs
   • Dit saves money

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7. Question 227· Natural resources and the Nigerian economy· JAMB

   Coal has historically been mined in large quantities at

   • AKano
   • BEnugu
   • CJos
   • DLokoja

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8. Question 228· Natural resources and the Nigerian economy· JAMB

   'Dutch disease' describes a situation in which

   • Aa natural-resource boom causes other sectors such as agriculture and manufacturing to decline
   • Ba country exports too many flowers
   • Cinflation falls sharply
   • Da country has no resources

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9. Question 229· Natural resources and the Nigerian economy· JAMB

   Before crude oil, Nigeria earned most of its foreign exchange from

   • Amanufactured goods
   • Btin mining only
   • Ctourism
   • Dagricultural exports such as cocoa, groundnut and palm produce

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10. Question 230· Population· JAMB

    The 2006 census put Nigeria's population at about

    • A140 million
    • B88 million
    • C200 million
    • D40 million

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11. Question 231· Population· JAMB

    Malthus argued that population growth would be checked by

    • Aindustrialisation
    • Bhigher wages
    • Cfamine, disease and war
    • Dforeign aid

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12. Question 232· Population· JAMB

    A large population can benefit an economy by providing

    • Aless demand
    • Bfewer workers
    • Ca large market and labour force
    • Dlower output

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13. Question 233· Population· JAMB

    Population growth can benefit an economy by

    • Aremoving workers
    • Breducing demand
    • Clowering output
    • Dincreasing the labour force and market size

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14. Question 234· Population· JAMB

    According to Malthus, population increases

    • Aonly during wars
    • Barithmetically while food supply increases geometrically
    • Cat the same rate as food supply
    • Dgeometrically while food supply increases arithmetically

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15. Question 235· Population· JAMB

    Population censuses are important mainly because they

    • Aprovide data for planning
    • Bincrease the population
    • Creduce taxes
    • Dfix wages

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16. Question 236· Population· JAMB

    A population pyramid with a broad base indicates

    • Aan ageing population
    • Ba high birth rate
    • Ca low birth rate
    • Dhigh life expectancy

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17. Question 237· Population· JAMB

    A major effect of rural–urban migration on rural areas is

    • Amore industries in villages
    • Bovercrowding of villages
    • Ca shortage of farm labour
    • Dhigher food output

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18. Question 238· Population· JAMB

    Population censuses in Nigeria are conducted by the

    • ACentral Bank of Nigeria
    • BNational Population Commission
    • CIndependent National Electoral Commission
    • DNational Bureau of Statistics only

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19. Question 239· Population· JAMB

    A young population structure has

    • Afew births
    • Bmany old people
    • Ca high proportion of children
    • Da narrow base pyramid

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20. Question 240· Population· JAMB

    The dependency ratio compares

    • Aurban with rural population
    • Bbirths with deaths
    • Cmen with women
    • Dthe number of dependants (the young and the old) with the working-age population

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