by Sunday | Oct 23 | Economics JAMB
A. food sufficiency B. industrialization C. full employment D. industrial capacity utilization Correct Answer: Option A – food sufficiency Explanation They major aim of agriculture in Nigeria is to provide food for the inhabitants of the nation (food security...
by Sunday | Oct 23 | Economics JAMB
A. embarking on buffer stock programmes B. placing embargo on food importation C. granting subsidies on farm inputs D. placing farmers on monthly income Correct Answer: Option C – granting subsidies on farm inputs Explanation Granting of subsidies by government...
by Sunday | Oct 23 | Economics JAMB
A. food sufficiency B. industrialization C. full employment D. industrial capacity utilization Correct Answer: Option A – food sufficiency Explanation The ultimate goal of agriculture in Nigeria is to make Nigeria self-sufficient in food production and also...
by Sunday | Oct 23 | Economics JAMB
A. overdependence on foreign aids B. inadequate funding of projects C. poor implementation strategies D. shortage of skilled manpower Correct Answer: Option C – poor implementation strategies Explanation One of the major reasons why developmental plans fail in...
by Sunday | Oct 23 | Economics JAMB
A. implement government stabilization policy B. increase taxes and decrease government expenditure C. increase government expenditure and decrease taxes D. ensure even distribution of job opportunities Correct Answer: Option D – ensure even distribution of job...
by Sunday | Oct 23 | Economics JAMB
A. balanced budgeting B. deficit budgeting C. surplus budgeting D. zero budgeting Correct Answer: Option B – deficit budgeting Explanation A budget deficit typically occurs when expenditures exceed revenue. This is one of the major reasons for Nigeria’s...