Natural Resources And The Nigerian Economy Jamb Economics Past Questions
Question 1
Mono production economies are those that____
- A. Produce one main commodities
- B. Have a rich cultural heritage.
- C. Specialize in agricultural industries.
- D. Produce only raw materials.
Question 2
A major characteristic of natural resources is they
- A. are unlimited in supply
- B. have high cost of production
- C. are free gifts of nature
- D. do not command any price
Question 3
The first petroleum exploring company to discover crude petroleum in Nigeria was?
- A. Mobil
- B. Texaco
- C. Agip
- D. Shell-BP
Question 4
The petro- chemical industries are located in the River State of Nigeria due to?
- A. favourable climate
- B. favourable soil
- C. oil deposits
- D. palm oil products
- E. coal deposit
Question 5
Which is NOT a method of raising capital funds in Nigeria?
- A. Borrowing from abroad
- B. Internal borrowing
- C. Nigerianization of foreign companies
- D. Gifts from abroad
- E. Saling government bonds
