Challenges Facing Natural Resources Exploitation Jamb Economics Past Questions
Question 1
In the event of bankruptcy, owners of joint-stock companies lose
- A. their private properties
- B. both company and private assets
- C. only the capital invested
- D. only their dividends
Question 2
The full meaning of NNPC is?
- A. Nigerian National Population commission
- B. Nigerian National Petroleum Corporation
- C. National Number of Petroleum Companies
- D. None of the above
Question 3
One of the problems facing the Nigerian oil and gas industry is____________________?
- A. Over-capacity utilization
- B. The discovery of alternative oil sources
- C. Shortage of indigenous manpower
- D. The excess supply of petroleum products
Question 4
Government participation in the oil industry was necessitated by the
- A. annual increase in production
- B. formation of OPEC
- C. high demand for crude oil
- D. huge investment outlay
Question 5
A significant effect of the growth of the oil sector in Nigeria has been to?
- A. increase the rate of unemployment
- B. diminish the percentage contribution of the agricultural sector to GNP
- C. slow down the pace of industrialization
- D. retard the rate of economic growth
