JAMB Past Questions and Answers - Page 104

516.

To eliminate middlemen, there should be a retail outlet such as

A.

producer co-operative

B.

consumer co-operative

C.

multiple shop

D.

departmental store

Correct answer is C

In a typical distribution channel, the middleman is the wholesaler or the retailer. Manufacturers would eliminate the middleman by selling products directly to retail stores or consumers. Wholesalers can do the same by skipping retailers and selling directly to consumers.

517.

Mrs Jones who lives in the riverine community of Rivers State makes her living through crabbing and fishing . This type of occupation she is in is

A.

commercial

B.

manufacturing

C.

service

D.

extractive

Correct answer is D

Extractive industry are Any processes that involve the extraction of raw materials from the earth to be used by consumers. Mrs Jones is into fishing (extracting fish from the river for consumption)

518.

One of the major determinants of the volume of production is

A.

the market size

B.

the availability of banks

C.

sex distribution

D.

government policy

Correct answer is A

There are various factors which affect the volume of production which includes:

  • Availability of natural resources.
  • Availability of raw materials.
  • Technology.
  • Availability of capital.
  • Transport facilities.
  • Political conditions.
  • Climate.
  • Efficiency of people.

519.

An important feature of land is that it

A.

has an elastic supply

B.

is an active factor of production

C.

is heterogenous in nature

D.

is subject to returns to scale

Correct answer is B

Land possesses the following characteristics:

  • Free Gift of Nature
  • Fixed Quantity
  • Land is Permanent
  • Land is a Primary Factor of Production
  • Land is a Passive Factor of Production
  • Land is Immovable
  • Land has some Original Indestructible Powers
  • Land Differs in Fertility

520.

The payment for direct service is usually made by the

A.

local authority

B.

community

C.

government

D.

individual

Correct answer is D

Direct services means services provided through person-to-person contact. Direct services means services providing therapy, habilitation, or rehabilitation activities or support services such as transportation.