WAEC Economics questions: Natural resources and the Nigerian economy

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

1. Question 1· Natural resources and the Nigerian economy· WAEC

   Gold, iron ore and limestone are examples of

   • Aman-made capital
   • Brenewable natural resources
   • Cnon-renewable natural resources
   • Dhuman resources

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2. Question 2· Natural resources and the Nigerian economy· WAEC

   The petroleum industry contributes to Nigeria's economy mainly through

   • Amanufacturing jobs only
   • Bemploying most workers
   • Cfood supply
   • Dgovernment revenue and foreign exchange

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3. Question 3· Natural resources and the Nigerian economy· WAEC

   Solid minerals such as limestone in Nigeria are important to the

   • Atextile industry
   • Bcement industry
   • Cfishing industry
   • Dbanking sector

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4. Question 4· Natural resources and the Nigerian economy· WAEC

   Crude oil in Nigeria is found mainly in the

   • AJos Plateau
   • BSokoto basin
   • CNiger Delta
   • DLagos lagoon

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5. Question 5· Natural resources and the Nigerian economy· WAEC

   Tin has been mined mainly on the

   • AEnugu coalfields
   • BNiger Delta
   • CJos Plateau
   • DLagos lagoon

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6. Question 6· Natural resources and the Nigerian economy· WAEC

   The dominant source of Nigeria's foreign exchange earnings is

   • Acocoa
   • Bgroundnuts
   • Ccrude oil
   • Dtin

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7. Question 7· Natural resources and the Nigerian economy· WAEC

   Which of these states is a major oil-producing state in Nigeria?

   • APlateau
   • BKano
   • CDelta
   • DOyo

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8. Question 8· Natural resources and the Nigerian economy· WAEC

   Tin and columbite are mined mainly on the

   • ANiger Delta
   • BJos Plateau
   • CEnugu area
   • DLagos coast

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9. Question 9· Natural resources and the Nigerian economy· WAEC

   OPEC regulates oil production mainly through

   • Aproduction quotas
   • Btax laws
   • Cbanking rules
   • Dshipping rates

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10. Question 10· Natural resources and the Nigerian economy· WAEC

    A renewable natural resource is one that

    • Ais man-made
    • Bcan never run out whatever we do
    • Ccan be replaced naturally if well managed
    • Dis found only underground

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11. Question 11· Natural resources and the Nigerian economy· WAEC

    Gas flaring is wasteful because it

    • Acreates many jobs
    • Bincreases oil output
    • Cburns off a resource that could provide power and income
    • Dreduces pollution

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12. Question 12· Natural resources and the Nigerian economy· WAEC

    Coal in Nigeria has been mined mainly around

    • AKano
    • BEnugu
    • CIbadan
    • DCalabar

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13. Question 13· Natural resources and the Nigerian economy· WAEC

    Which of these is a natural resource?

    • Alimestone deposits
    • Ba cement factory
    • Ca trained engineer
    • Da bank loan

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14. Question 14· Natural resources and the Nigerian economy· WAEC

    A major problem caused by oil exploration in the Niger Delta is

    • Aenvironmental pollution
    • Btoo much rainfall
    • Cshortage of fish farmers
    • Dlack of rivers

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15. Question 15· Natural resources and the Nigerian economy· WAEC

    The 'Dutch disease' in Nigeria refers to

    • Aa crop disease
    • Bthe decline of other export sectors after the oil boom
    • Ca banking crisis
    • Da fall in population

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    Explanation and discussion