JAMB and WAEC Economics questions: Natural resources and the Nigerian economy

30 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· JAMB

   Natural resources are

   • Aman-made machines
   • Bgifts of nature used in production
   • Chuman skills
   • Dmoney

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

   Bitumen deposits in Nigeria are found mainly in

   • AOndo State
   • BKano State
   • CBorno State
   • DSokoto State

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   Explanation and discussion

5. Question 5· 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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6. Question 6· Natural resources and the Nigerian economy· JAMB

   Nigeria is a member of OPEC, which it joined in

   • A1980
   • B1960
   • C1999
   • D1971

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7. Question 7· 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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8. Question 8· Natural resources and the Nigerian economy· JAMB

   The Petroleum Industry Act was signed in

   • A2010
   • B1999
   • C2021
   • D1980

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9. Question 9· 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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10. Question 10· 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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11. Question 11· Natural resources and the Nigerian economy· JAMB

    The Petroleum Industry Act signed in 2021 aims mainly to

    • Aban oil exports
    • Breform the governance and regulation of Nigeria's oil and gas industry
    • Cnationalise all oil companies
    • Dfix the price of petrol forever

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12. Question 12· 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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13. Question 13· Natural resources and the Nigerian economy· JAMB

    The downstream sector of the petroleum industry covers

    • Aexploration for oil
    • Brefining and marketing of petroleum products
    • Cdrilling oil wells
    • Dseismic surveys

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14. Question 14· 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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15. Question 15· 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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16. Question 16· 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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17. Question 17· 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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18. Question 18· 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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19. Question 19· 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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20. Question 20· 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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    Explanation and discussion