WAEC Economics questions: Industry and industrialisation

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

1. Question 1· Industry and industrialisation· WAEC

   The location of an industry near its source of raw materials is common when the raw materials are

   • Abulky and lose weight in processing
   • Blight and cheap to carry
   • Cimported
   • Dperishable only when processed

   Show answer

   Explanation and discussion

2. Question 2· Industry and industrialisation· WAEC

   The tendency of firms in the same industry to concentrate in one area is

   • Alocalisation of industry
   • Bnationalisation
   • Cprivatisation
   • Dintegration

   Show answer

   Explanation and discussion

3. Question 3· Industry and industrialisation· WAEC

   Import substitution industrialisation aims to

   • Aproduce locally goods that were imported
   • Bexport raw materials
   • Cclose all factories
   • Dimport more machinery

   Show answer

   Explanation and discussion

4. Question 4· Industry and industrialisation· WAEC

   Indigenisation decrees in Nigeria (1972, 1977) aimed to

   • Aclose banks
   • Bsell firms to foreigners
   • Cincrease Nigerian ownership of businesses
   • Dstop trade

   Show answer

   Explanation and discussion

5. Question 5· Industry and industrialisation· WAEC

   A problem facing Nigerian industries is

   • Aexcess infrastructure
   • Btoo much electricity
   • Cerratic power supply
   • Dcheap credit

   Show answer

   Explanation and discussion

6. Question 6· Industry and industrialisation· WAEC

   A country that sets up factories to make locally the textiles it used to import is following a policy of

   • Aimport substitution
   • Bexport promotion
   • Ctrade liberalisation
   • Ddumping

   Show answer

   Explanation and discussion

7. Question 7· Industry and industrialisation· WAEC

   Localisation of industry refers to

   • Athe closure of firms
   • Bthe spreading of firms all over the country
   • Cthe concentration of firms of an industry in one area
   • Dthe import of machines

   Show answer

   Explanation and discussion

8. Question 8· Industry and industrialisation· WAEC

   A factor that influences the location of an industry is

   • Athe colour of the product
   • Bnearness to raw materials and markets
   • Cthe owner's age
   • Dthe national flag

   Show answer

   Explanation and discussion

9. Question 9· Industry and industrialisation· WAEC

   A weakness of import substitution in Nigeria was that many factories

   • Adepended on imported raw materials and parts
   • Bexported all output
   • Cused only local inputs
   • Dneeded no capital

   Show answer

   Explanation and discussion

10. Question 10· Industry and industrialisation· WAEC

    Industrialisation means

    • Athe growth of manufacturing industries in an economy
    • Bthe growth of farming
    • Cthe export of raw materials
    • Dthe closure of factories

    Show answer

    Explanation and discussion

11. Question 11· Industry and industrialisation· WAEC

    One benefit of industrialisation to Nigeria is

    • Alower output
    • Bmore importation
    • Cless use of local raw materials
    • Dcreation of employment

    Show answer

    Explanation and discussion

12. Question 12· Industry and industrialisation· WAEC

    A problem facing industries in Nigeria is

    • Avery cheap credit
    • Btoo much electricity
    • Cexcess skilled labour
    • Dinadequate power supply

    Show answer

    Explanation and discussion

13. Question 13· Industry and industrialisation· WAEC

    A cement factory is sited near limestone deposits mainly because of

    • Athe trade unions
    • Bnearness to the sea
    • Cthe climate
    • Dnearness to raw materials

    Show answer

    Explanation and discussion

14. Question 14· Industry and industrialisation· WAEC

    A country starts making cars locally instead of buying them abroad. This policy is

    • Adevaluation
    • Bexport promotion only
    • Cdumping
    • Dimport substitution

    Show answer

    Explanation and discussion

15. Question 15· Industry and industrialisation· WAEC

    Localisation of industry means

    • Aspreading firms across the country
    • Bthe concentration of firms in a particular area
    • Cnationalisation of firms
    • Dsmall-scale production

    Show answer

    Explanation and discussion