JAMB Economics Past Questions & Answers - Page 305

1,521.

Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?

A.

The deregulation of the banking system

B.

The increase in the number of merchant banks

C.

The community banking scheme

D.

The deregulation of interest rate

Correct answer is C

No explanation has been provided for this answer.

1,522.

The money market is a financial market that specializes in the provision of

A.

Short-term loans

B.

Medium-term loans

C.

Long-term loans

D.

Venture capital for development projects

Correct answer is A

No explanation has been provided for this answer.

1,523.

Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is

A.

Labour intensity

B.

Capital intensity

C.

Poor technology

D.

Capacity under utilization

Correct answer is D

No explanation has been provided for this answer.

1,524.

One of the most important factors that should be considered in the location of an industry is

A.

Nearness to the financial centre

B.

Assured patronage by government functionaries

C.

Availabilities of inputs and market

D.

Availabilities of adequate security

Correct answer is C

No explanation has been provided for this answer.

1,525.

The most popularly adopted industrialization strategy in West Africa is

A.

Import substitution

B.

Export promotion

C.

Ports development

D.

Infant industries protection

Correct answer is A

No explanation has been provided for this answer.