Q1 In specific terms, Public Enterprises (PEs) economic
activities by the mid 80s had incorporated economic activities such as,
Oil prospecting, exploration, refining and marketing; Cement; Paper and
steel mills; Hotels and tourism; and Education and Training . True or
False.
Q2 Some Public
Enterprises (PEs) could have unimpressive track records while their
future outlook could be hopeless. In this regard, such PEs would have
their assets
Q3
Technically, there are about seven theoretical approaches for getting
public equity shares disposed under the privatisation scheme. True or
False.
Q4 The government by decree No.104 of 1992 established the Utilities Charges Commission (UCC) as a
Q5 A situation where there is full divestiture of all government equity interests is called
Q6 A situation where the government sells only a proportion of its equity interests is called
Q7 Privatisation and Commercialisation Policy is a four pronged
programme of partial commercialisation, partial privatisation, full
privatisation and
Q8 The creation of favourable investment climate for both local and foreign investor is one of the objectives of
Q9 The privatisation policy has been proclaimed a viable alternative
to save the country’s economy from this deplorable condition. True or
False
Q10 In Nigeria, the privatisation policy has it basis from Decree number of October, 1988
Q11 The primary focus of economic management through economic
regulation or deregulation, is economic development for the improvement
of the quality and of the populace
Q12 Government Coastal Agency and Inland Waterways is an example of
Q13 Enterprises which are expected to be incorporated under the 1990
Company and Allied Matters Decree, and which government can be
classified as the sole or partial beneficial owners are called companies
Q14 Enterprises usually defined as public corporations or authorities are exempted from competition and are conferred with status
Q15 Enterprises whose economic activities are related to the
production of strategic products and services like electricity, water
and transportation, were created under specific Ordinances,
Parliamentary Acts or
Q16
The economic activities of Public Enterprises (PEs) cut across only some
few sectors of the economy in Nigeria. True or false.
Q17 Commercialisation and Privatisation Programme is now
Q18 Around 1980, an expansion of the Public Enterprises (PEs) sector accounted for about __percent of the GDP
Q19 By about the mid 1980s, the total number of Public Enterprises(PEs) at the federal level alone had reached about
Q20 By the 1970s the global economies had started to witness a period of commodity boom. True or False.
Q21 In the Saharan journey which usually took two to twelve months, the items transported include computers. True or false.
Q22 The structure of division of labour and interdependence among professionals encouraged the need for market and
Q23 In trade the middle men are the
Q24 General commerce covers trade, warehousing, transport, communications and advertising, finance , insurance and __.
Q25 Lack of basic health data and lack of basic infrastructure are
among the problems facing the health sector in Nigeria. True of False.
Q26 The National Health Plan of 1996 to 2000 identified some major
weaknesses in past and recent health policies in Nigeria, one of which
is excess coverage. True or false.
Q27 The Trans-Saharan trade had both positive and negative impacts on the economy of Nigeria.True or false
Q28 Education is highly funded in Nigeria, True or False.
Q29 The availability of financial resources stands as one major hindrance in the growth of small enterprises, True or false
Q30 From empirical result especially in developing countries, SMEs
constitute the most viable and veritable vehicle for self-sustaining
industrial development. True or False
Q31 In the western industrial countries, Small and Medium scale
Enterprises (SMEs) shares of total employment stands at more than 70
percent in the United Kingdom and United States of America. True or
False.
Q32 Financial
sector reforms are the changes that are needed in order to establish a
traditional financial system capable of acting as a catalyst in
allocating the economy’s savings in the most productive way among
competing investment outlets. True or False.
Q33 The Nigerian Deposit Insurance Corporation (NDIC), is charged with
the responsibility of inducing bank deposits by promoting public
confidence in the safety of the banking system . True or False.
Q34 The liberalisation of exchange rates was followed in 1987 by the full deregulation of both deposit and
Q35 The university education has the goals of development of high
level manpower to meet the diverse needs of economic development. True
or False.
Q36 The Nigerian
tertiary or higher education system covers the Colleges of education,
Teachers Training colleges, Polytechnics, Colleges of Technology and
specialized or conventional Universities. True or False.
Q37 Presently, the adoption of Universal Basic Education has changed
the educational system from 6-3-3-4 system to 9-3-3 system. True or
false
Q38 The enrolment
into basic education in Nigeria has witnessed phenomenal growth over the
years with the female in majority as compared to the male. True or
False
Q39 Improving and
widening access to education, especially basic education has not been
an objective of education policy in developing countries over the past
few decades. True or False.
Q40 A country which is unable to develop the skills and knowledge of
its citizen and to utilize them in its national economy will be unable
to develop anything else. True or False.
Q41 Most of the manufacturing enterprises in Nigeria are mainly the
light assembly type and industrial output in final consumer goods.
True or False.
Q42 The
private sector in Nigeria is weak and does not seem to have its own
momentum for generating growth and development because it depends too
much on policies and programmes for its survival.
Q43 The Nigerian private sector has as the most important sector in terms of employment while the industry accounts for most of the exports
Q44 The Second National Development Plan (NDP) distinguished between
two types of participants in the Nigeria private sector, they are the
incorporated businesses and the
Q45 Privatisation is the transfer of government owned share holding in enterprises to private shareholders, comprising of
Q46 The first Millennium development goal is
Q47 Goal number four of the MDGs is
Q48 The MDGs targeted the year __for goals to be achieved
Q49 The MDGs has 10 international development goals. True or False.
Q50 What does MDGs stand for
Q51 One of the ways to achieve the aims of ECOWAS is by establishing a common tariff. True or False.
Q52 During the vision 2020 period, the economy is expected to grow at
an average rate of 13.8 per cent per annum. This is to be driven by the
agricultural and __sector
Q53 Nigeria has had a relatively long experience in development
planning beginning with the Colonial Development Plan which was from
Q54 The development aspirations of vision 20:2020 cut across four
dimensions, which are Social, Institutional, Economic and
Q55 Vision 20:2020 has __broad objectives
Q56 Vision 20:2020 was to be pursued through a series of 5 year plan
which will further articulate the strategies, policies, projects and
programmes among other things. True or false.
Q57 Included among monetization benefits are the provision of free
accommodation and its maintenance, furniture, transportation and
chauffeur driven vehicles for top public office holders. True or False.
Q58 The application of the monetisation policy covers private workers. True or False.
Q59 Enterprises in Nigeria were privatised through the Public Sales
of Share, Private Placement, The Sales of Assets, Deferred Public Offer
and
Q60 In order to
facilitate the survival of the dominance of the private sector in its
development motivating roles, all forms of ministerial or government
controls must be removed. True or False.
Q61 What year's budget statement, did government indicate its
intention to allow the private sector entrepreneurs to invest and
compete with the public sector in the provision of utilities
Q62 In recognition of the lapses in the privatisation programme,
government decided in the best interest of the country to suspend it at
the end of the year
Q63 The acronym NEEDS stands for
Q64 The acronym SAP stands for
Q65 The private sector in Nigeria c ontributed up to percent of modern sector employment in the pre-SAP era
Q66 One major feature of the private sector in Nigeria is the dominant and pervasive role of
Q67 In Nigeria, most of the activities in the manufacturing, mining,
construction, commerce and finance sectors make up the sector
Q68 In Nigeria we have both the organised and private sector
Q69 The emerging trend in the world economy today is to view and relate to the private sector as the
Q70 The 1980s has been described as a decade for majority of African countries including Nigeria
Q71 The many factors that have hindered the development of the private
sector in Nigeria can be classified into 4 groups. True or False.
Q72 Weak infrastructure and a relatively unskilled labour force ,
macroeconomic stability and Political Instability are some of the
problems facing the Nigerian private sector. True or False.
Q73 The Nigeria Vision 20:2020 is Nigeria’s long term development goal
designed to propel the country to the league of the top 30 economies of
the world by 2020. True or False.
Q74 Monetisation of workers’ benefits operationally implies, the
conversion of workers’ benefit previously made available in kind to
public officers into cash payment. True or False.
Q75 Fringe benefits of public servants were monetised on the recommendation of the commission
Q76 Which of the following is a power station in Nigeria
Q77 In 1972, a merger of Electricity Corporation of Nigeria (ECN) and Nigerian Dam Authority(NDA) was effected to form the
Q78 The Federal Ministry charged with the responsibility of providing modern and efficient communication facilities is the
Q79 The Nigerian Postal Service (NIPOST), is responsible for ?
Q80 The history of Ecobank dates bank to the year
_____ when several presidents of the West African Chambers of Commerce
and industry began to develop the idea of creating a financial
institution with the aim of promoting intra_____African trade and
industry within the sub_____region
Q81 The activities of seaport development, maintenance and operation in Nigeria are the exclusive monopoly of the
Q82 Article 50 of ECOWAS treaty established the _____ based in Lome, Togo.
Q83 The Executive Secretary is responsible for the
Q84 The ECOWAS chairman for 1987 and 1988 was President Ibrahim Babangida of Nigeria while_____ held the position in 1996/97
Q85 The initial moves at forming ECOWAS were made by
the Togolese leader, Gnassingbe Eyadema and the then Nigeria Head of
States
Q86 ECOWAS stands for
Q87 All 193 United Nations member states and at least 23 international organizations agreed to achieve the MDGs by the year
Q88 The different trade policy regimes introduced in
Nigeria since 1960 can be grouped under two main periods- the period of
fixed policy regimes (1960-1985) and
Q89 Infrastructure is conceptually perceived by social scientists from two interrelated dimensions, which are?
Q90 According to the Nigerian Communication
Commission (NCC) license terms, a beneficiary company must among others
do the followinf except
Q91 Two divisions out of the three divisions of the Federal ministry of communication are
Q92 The CBN performes the following functions except one
Q93 Commercial, Merchant and Development banks are institutions in the
Q94 One of these is not a service provided by the financial system
Q95 The MDGs consists of international development
goals that were officially established following the Millennium Summit
of the United Nations in
Q96 The MDGs is a worldwide initiative to reduce
Q97 To accelerate the progress of the MDGs, some
development scholar like Naila Kabeer argue that there should be an
increase focus on
Q98 The New Rice for Africa (NERICA) which is
high-yielding and well adapting to the African conditions was developed
and contributed to the food security in all of these countries except
one
Q99 Which one of these options is considered by many scholars as a major flaw of the MDGs
Q100 Vision 20:2020 is important for the following reasons except one
Q101 The two broad objectives of vision 20:2020 are
to make efficient use of human and natural resources to achieve rapid
economic growth and
Q102 The drivers of the monetisation policy are all the following except
Q103 The monetisation of fringe benefits can be perceived desirable from all of the following important dimensions except one
Q104 One main consideration underlying the
implementation of the monetisation policy is the desire to reduce the
pressure on public resources, arising from government's involvement in
the physical provision of _____ benefits
Q105 The privatisation programme, just like any other
normal programme has its own peculiar problems one of which is problems
of
Q106 The five modes adopted in Nigeria for getting public equity shares disposed under the privatisation scheme are
Q107 If the private sector in Nigeria is to motivate
the economy towards national development, government policies must be
streamlined to focus on all the following except
Q108 The unorganized private sector comprise mostly all of the following except
Q109 One of these is not an objectives of Privatisation
Q110 As noted in the Fourth National Development
Plan, the provision of adequate and reliable communication services is
essential for
Q111 The Communication subsector of the economy consists of the means of
Q112 Seaports in Nigeria increased from 2 in 1960 to
Q113 The major problems of road development in Nigeria can be traced to all of these except
Q114 Some of the problems identified to be responsible for the erratic and non-satisfactory power supply in Nigeria are
Q115 The principal instrument for Open market operations (OMO) is
Q116 Open market operations (OMO) were introduced in the year _____
Q117 To complete the deregulation of the financial markets, all controls on the capital market were removed in December _____
Q118 The privatisation of government owned banks
began in _____ with government equity interest in seven banks offered
for sale
Q119 Eight technically insolvent banks were identified between _____
Q120 The year _____ witnessed a series of measures
designed to strengthen bank regulation and supervision in response to
the rapid expansion of financial institutions and the perceived higher
risk of bank failure
Q121 The determination of the prices and the time
companies securities were to be sold and approving the amount of such
securities are some duties of _____
Q122 Debenture stocks, Preference shares, State bonds and Unit trust are examples of securities traded in the _____ market
Q123 The market for new issues of securities is called the _____
Q124 Treasury bills and bankers unit funds are examples of _____
Q125 The principal actor in the money market is/are the _____
Q126 The National Provident Fund (NPF) established in 1961 metamorphosed into _____
Q127 The National Economic Reconstruction Fund
(NERFUND) was established with the primary objective of bridging the
gap in the provision of local or foreign funds to _____
Q128 The Bureau –de-Change was authorised to act as dealers in the sport market for foreign exchange especially for_____
Q129 The adoption of conventional banking system led to the extinction of the _____ Banks
Q130 The _____ banks were established to serve the needs of corporate and institutional clients
Q131 The _____ banks grant loan advances and overdrafts to customers
Q132 Pension Funds and Hire Purchase companies are examples of _____
Q133 _____move funds from those in surplus savings unit of the economy to those in the deficit savings unit.
Q134 The amount allocated to the transport and communication sector in 1994 was
Q135 The NEPAD Agency is financed through the
statutory budgets of the African Union Commission (AUC), voluntary
contributions from AU member states, and additional budgetary support
from development partners and
Q136 The strategic direction of the NEPAD Agency is not based on the following thematic areas
Q137 The NEPAD governance structures are all of the following except
Q138 In NEPAD's implementation process, HSGIC stands for
Q139 The eight priority areas of NEPAD are,
political, economic and corporate governance; agriculture;
infrastructure; education; health; science and technology; market access
and tourism; and
Q140 Which one of these is not an immediate desired outcome of NEPAD
Q141 One of these is not one of the principles and values of NEPAD
Q142 The NEPAD strategic framework document arises from a mandate given to the _____ initiating Heads of State
Q143 NEPAD is a comprehensive integrated sustainable development initiative for the economic and social revival of
Q144 Which one of these is not an overarching objective of NEPAD
Q145 The 37th OAU Summit in _____ in July 2001,
adopted the New Partnership for Africa's Development (NEPAD), as the
integrated and comprehensive socio-economic development programme to
accelerate Africa's renewal, in the form of Declaration 1 (XXXVII)
Q146 The New Partnership for Africa's Development (NEPAD) is the result of three parallel initiatives. The first being
Q147 The decision for ECOWAS monetary integration was taken eight years after 1975 during the _____ in May 1983
Q148 The shareholders in Ecobank are individuals and
institutions from the _____ countries of West African who participate
through their various countries’ chambers of commerce and industry
Q149 Ecobank is the _____ off share bank in private
sector in ECOWAS countries with the Federation of West African Chambers
of Commerce at its vanguard
Q150 Which of the following is not an Objectives of Ecobank