Petro-chemical industries are located in the Rivers State of Nigeria because of ________?
Favourable soil
Coal deposit
Crude oil deposit
Favourable climate
Correct answer is C
Many Nigerians perceive the Niger Delta as synonymous with the oil producing areas of Nigeria.
In other words, the Niger Delta includes the states of Abia, Akwa Ibom, Bayelsa, Cross River,
Delta, Edo, Imo, Ondo and Rivers.
The region is blessed with abundance of human and physical resources, including the majority of Nigeria's oil and gas deposits, good agricultural lands, extensive forests, excellent fisheries, as well as with a well-developed industrial base.
The Niger Delta region of Nigeria is richly endowed with natural resources with oil and gas accounting for over 85% of the Nation's gross domestic product (GDP); over 95% of the National budget; and over 80% of the national wealth.
The following are Methods of measuring National Income of a country EXCEPT
Expenditure method
Consumption method
Input Method
Output Method
Correct answer is B
No explanation has been provided for this answer.
Government
labour union
Private and public enterprises
System of economy practised
Correct answer is D
Every society answers the three basic economic questions differently, in doing so, each confronts the same fundamental problems: resources allocation and scarcity. For every society, the answer to the three basic questions depend on what kind of economic system it uses. The term economic system refers to the way in which a society organize the production and distribution of goods and services.
Mount al-judi is important because
God spoke to prophet (A.S) there
Prophet Nuh' (A.S) ark
Adam and Hawa' parted company there
prophet Isa (A.S) Ascended to heaven on it
Correct answer is C
No explanation has been provided for this answer.
Which of the following budgets will increase government expenditure?
Zero base budget
Surplus budget
Deficit budget
Balanced policy
Correct answer is C
A budget deficit is the annual shortfall between government spending and tax revenue. The deficit is the annual amount the government need to borrow to balance up the budget. When the government borrows, it offers to pay interest payment to those who the money was borrowed. The deficit is also funded by selling government bonds to private sector to do this, the government offers to pay an interest payment to those who buy the bonds. The interest rate attracts investors to lend the government money.