Contributions Of The Oil And Non-oil Sectors To The Nigerian Economy Jamb Economics Past Questions
Question 6
The world market for crude oil refers to the
- A. total supply by OPEC members
- B. total demand for and supply of crude oil
- C. excess crude oil produced in the world
- D. difference between the supply of and demand for oil
Question 7
Activities in the oil and gas industry are classified into
- A. oil exploration and distribution
- B. refining and marketing of finished products
- C. upstream and downstream
- D. exploration and drilling
Question 8
The major role of multi-national companies in the petroleum industry in Nigeria is
- A. the establishment of refineries
- B. oil marketing and prospecting
- C. oil marketing only
- D. oil prospecting only
Question 9
An adverse environmental impact of the petroleum industry on the economy is
- A. communal riots
- B. the vandalization of oil equipment
- C. oil spillage
- D. community development
Question 10
Import duty concessions on the industrial inputs directly benefit the
- A. consumers
- B. external sector
- C. commercial sector
- D. manufacturers
