TMA1/ECO247

TMA Quiz Questions TMA: TMA1/ECO247 Matric Number:  SCORE=9.00 ECO247 - The Nigerian Economy in Perspective II Mrs. Odishika Vivian Anietem (vodishika@noun.edu.ng ) 1 The social infrastructural sub-sector covers some social services which include the provisions of all of these except Education Health services Information Pubs 2 In Nigeria, speaking in general terms, the contributions of all subsectors in the service/infrastructural sector have witnessed substantial increase since 1980 to 1990  1990 to 2010  1980 to 1990 2000 to 2010 3 The growth of the producer of government service sector over the years was as a result of Elections Fiscal decentralisation Increase in export earnings Increase in oil price 4 The Mansfield theory of management, financing and maintenance of infrastructure, proposes the management of infrastructure by the Private sector Public sector Public and Private sector Foreign aid 5 Some of the Public enterprises (PEs) which emerged from ordinances, Legislative Acts or Military Decrees in Nigeria include all of these except Nigerian National Oil Company (NNOC) Nigerian Bottling Company Nigerian Postal Services (NIPOST) Nigerian Railway Corporation (NRC) 6 Infrastructure sector is embedded in the Service sector Manufacturing sector Capital expenditure sector Production sector 7 Which sector recorded the highest contribution to GDP in Nigeria in year 2010 Manufacruting sector Agricultural sector Transportation sector Communication sector 8 The contribution (in N million) of the Utilities Sector to the 1985 Gross Domestic Product in Nigeria is 8.5 342.22 232.3 23.34 9 The classical theory of management, financing and maintenance of infrastructure, proposes the management of infrastructure by the Private sector, Public sector Public and Private sector Foreign aid 10 What led to a change in the pattern of development to a public sector led development strategy in the 1970s ? Discovery of Coal The crude oil boom Post civil war reconstruction Boom in Agricultural sector 11 Infrastructure is conceptually perceived by social scientists from two interrelated dimensions, which are? Micro and Macro dimensions Social and Economic dimensions. Social and Micro dimensions Economic and Macro dimensions 12 The infrastructural sector aids economic development because it does all of these except Boost level of efficiency in the economy It promotes industrial competitiveness It is encourages spending It improves the overall performance of the economy 13 The growth of the communication subsector in Nigeria started in 2005 2002 2003 2004 14 The liberal theory of management, financing and maintenance of infrastructure, proposes the management of infrastructure by the Private sector Public enterprises Public and Private sector Foreign organizations 15 One of these situations in the country did not lead to the need to stimulate the development of a vibrant private sector and marginalisation of the public sector in Nigeria at independence Socioeconomic situation Monetary situation Fiscal situation Political situation 16 The economic infrastructural sub-sector embraces a group of hardcore economic activities which relates to the provision of all of these services except Energy Power Transportation Town and country planning 17 One of these is not a major theory relevant in respect of financing and management of infrastructure The classical or laissez-faire theory the Mansfield mixed-economic theory The liberal/neo-liberal theory The Keynesian theory 18 The failure of the public sector in providing and maintaining adequate infrastructure is often associated with all of these except Financial mismanagement and corruption Lack of competition which gives rise to inefficiency Poverty Heavy bureaucratic practices 19 The Communication subsector of the economy consists of the means of Sending and receiving messages Calling your friends  Reading and Writing Moving from one place to another 20 As noted in the Fourth National Development Plan, the provision of adequate and reliable communication services is essential for Sending and receiving messages Economic cooperation Economic Integration Efficient operation of modern economy