JAMB and WAEC Economics questions: Industry and industrialisation

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

1. Question 1· Industry and industrialisation· JAMB

   Export promotion strategy encourages

   • Aproduction of goods for foreign markets
   • Bonly imports
   • Cclosing factories
   • Dsubsistence farming

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   Explanation and discussion

2. Question 2· Industry and industrialisation· JAMB

   Industrial estates are set up mainly to

   • Ahouse farmers
   • Bprovide ready infrastructure for industries
   • Cstore crops
   • Dtrain civil servants

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   Explanation and discussion

3. Question 3· 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

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4. Question 4· Industry and industrialisation· WAEC

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

   • Alocalisation of industry
   • Bnationalisation
   • Cprivatisation
   • Dintegration

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5. Question 5· Industry and industrialisation· JAMB

   An advantage of the localisation of industry is

   • Athe development of a pool of skilled labour and ancillary services
   • Btraffic congestion
   • Cpollution
   • Dhigher land prices

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6. Question 6· Industry and industrialisation· WAEC

   Import substitution industrialisation aims to

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

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7. Question 7· 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

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8. Question 8· Industry and industrialisation· JAMB

   The indigenisation policy of the 1970s in Nigeria aimed to

   • Aabolish taxes
   • Battract more foreign firms
   • Cclose all factories
   • Dincrease Nigerian ownership and control of businesses

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9. Question 9· Industry and industrialisation· JAMB

   An industrial estate is

   • Aan area set aside and serviced for factories
   • Ba farm
   • Ca market
   • Da residential area only

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10. Question 10· Industry and industrialisation· JAMB

    A problem facing Nigerian manufacturers is

    • Acheap credit
    • Btoo much electricity
    • Cepileptic power supply
    • Dexcess skilled labour

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    Explanation and discussion

11. Question 11· Industry and industrialisation· JAMB

    A 'footloose' industry is one that

    • Ais always near a port
    • Bhas no workers
    • Cis not tied to the location of raw materials or markets
    • Duses only local labour

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12. Question 12· Industry and industrialisation· WAEC

    A problem facing Nigerian industries is

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

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13. Question 13· 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

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14. Question 14· Industry and industrialisation· JAMB

    Export Processing Zones are set up to

    • Aattract investment by offering incentives to export-oriented firms
    • Bstop exports
    • Ccollect import duty
    • Dbuild houses

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15. Question 15· Industry and industrialisation· JAMB

    A major problem facing small-scale industries in Nigeria is

    • Atoo many customers
    • Binadequate access to credit
    • Cexcess government support
    • Dlow cost of power

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16. Question 16· 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

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17. Question 17· 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

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18. Question 18· Industry and industrialisation· JAMB

    Import substitution industrialisation means

    • Aexporting raw materials
    • Bimporting more goods
    • Cproducing locally goods that were formerly imported
    • Dbanning all imports

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19. Question 19· 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

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20. Question 20· Industry and industrialisation· JAMB

    Infant industries may be protected by tariffs so that they can

    • Aclose down
    • Bgrow until they can compete with foreign firms
    • Cexport immediately
    • Davoid paying wages

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    Explanation and discussion