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71.
The major objective of economic growth is to
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A.
Redistribute income and other benefit of growth
B.
Equalize opportunity for education and employment
C.
Increase aggregate expenditure on goods and services
D.
Increase the real per capita income
E.
Increase access to education

72.
The most common index used for measuring development is
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A.
The level of literacy
B.
Per capita income
C.
Nutritional levels
D.
Population growth rate
E.
International development index

73.
Which is NOT a direct effort to increase agricultural production in Nigeria?
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A.
Operation Feed the Nation
B.
Nigerian Youth Service Corps
C.
Increased loans to farmers and cooperatives
D.
Research in Agriculture and extension services
E.
Mechanization of agriculture

74.
Which of the following sectors of the economy is estimated to be the largest employer of labour in the country?
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A.
Construction
B.
Agriculture
C.
Distribution
D.
Mining and petroleum
E.
Transport and communications

75.
Industries contribute to national economic development because they
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A.
Utilize local raw material
B.
Employ an increasing number of labour
C.
Provide recreational facilities
D.
Use modern machines which replace human labour
E.
All of the above

A.
Baby food and baby clothing factories
B.
Those which are introducing new products
C.
Cases of arrested development
D.
Industries temporarily protected by tariffs barriers until mature enough to compete on world markets
E.
Industries that are allowed to remain permanent cases of adolescence

77.
The export-promotion strategy is aimed at producing
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A.
Consumer goods originally imported
B.
Machinery for industries
C.
More goods for exports
D.
More goods for domestic consumption
E.
Increasing export of goods needed in developed countries

78.
Which of the following is NOT an advantage of localization of industries?
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A.
Reaping of external economies
B.
Development of a pool of skilled labour for the industry
C.
Development of subsidiary industries
D.
Development of organized markets
E.
Growth of conurbations

79.
The crucial factors which determines the location of petroleum refineries in Nigeria are availability of raw materials and
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A.
Capital
B.
Political consideration
C.
Nearness to source of power
D.
Labour
E.
Availability of seaports

80.
The petroleum industry in Nigeria is
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A.
The sole source of the nation’s revenue
B.
The oldest industry in the country
C.
The mainstay of the economy
D.
A factor in the decline in the nation’s foreign reserves
E.
In the hand of NNPC

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