ECO GROWTH & DEVELOPMENT

Nigeria is currently implementing the?

Third development plan

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Second development plan

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Fourth development plan

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Fifth development plan

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Given the present state of the Nigerian economy, which of the following measures will promote a more rapid economic development?

Complete dependence on oil exports

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Concentration on agricultural exports

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Diversification of the economy

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Building of more schools and universities

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Introduction of nuclear energy in Nigeria

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How many National Development Plans did Nigeria have between 1960 and 1984?

One

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Two

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Four

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Five

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Six

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The primary goal of development planning in Nigeria is to?

Increase profitability of enterprises

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Achieve a rapid increase in the welfare and standard of living of Nigerians

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Increase the level of gross domestic product

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Make Nigeria a super-power

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One of the major criticisms of the 1992-1968 National development Plan was that?

It failed to incorporate lessons gained from earlier plans to enhance its efficiency

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It came too quickly after the country's indepedence

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Planned expenditure was based too heavily on expected earnings from crude oil

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Its execution was based largely on foreign sourced financial resources

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A major reason for having national development plans is to

Ensure efficient use of available resources

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Involve people in national programmes

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Make government spend more on production

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Ensure that more citizens are involved in planning

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Poverty simply refers to the low level of________

Planning

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Per capita income

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Rich people

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Labour face

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National development plans in Nigeria fail mainly because of

Overdependence on foreign aids

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Inadequate funding of projects

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Poor implementation strategies

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Shortage of skilled manpower

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The most reliable and acceptable index of economic growth is the__________

Wholesale Price Index

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Consumer Price Index

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National Income

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Retailer's Price Index

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Poverty simply refers to the low level of________

Planning

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Per capita income

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Rich people

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Labour face

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In a developing economy, productivity is measured by the____________

Output – labour ratio

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Capital – output ratio

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Output growth rate

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Output per capital

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The most reliable and acceptable index of economic growth is the__________

Wholesale Price Index

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Consumer Price Index

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National Income

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Retailer's Price Index

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Which of the following is not an indicator of economic growth?

CPI

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PPI

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GDP

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High Level of Unemployment

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In a developing economy, productivity is measured by the____________

Output – labour ratio

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Capital – output ratio

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Output growth rate

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Output per capital

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Which of the following is an indicator of economic growth?

High tax rate

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Technology development

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High gross domestic product

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High interest rate

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Development plans fail in Nigeria mainly because of

Corruption and political instability

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Over-dependence on foreign aid

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C. High cost of plan implementation High cost of plan implementation

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Shortage of personnel

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A major obstacle to the development of Nigeria economy is

Low capital formation

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Rural-urban migration

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Over dependence on oil

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Poor developmental policies

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In order to build up its capital stock, the typical less developed country should ideally

Increase total saving

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Depend on hand-out from foreigners

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Impose tariff on import

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Nationalise all foreign concern

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None of the above

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Which of the following is the standard concept for measuring and analyzing population growth?

The rate of natural increase

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The net migrate

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The rate of population increase

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The fertility rate

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All of the above

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some of major problems hindering economic development in west Africa are in the areas of electricity supply, communication, educations and health. These items are known in Economics as?

Development projects

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Infrastructural facilities

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Monoculture

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Capital investment

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Superstructure

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ECO GROWTH & DEVELOPMENT

ECO GROWTH & DEVELOPMENT

Thomas Bamidele February 2, 2024

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