Question Detail

GST 112 Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria Objective Question
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Question

What was the main role of major British firms like the United African Company and John Holt and Company during the colonial era regarding trade in Nigeria?
Options
A They primarily focused on manufacturing industrial goods within Nigeria.
B They organised indigenous markets for local produce.
C They bought up African produce for export and imported/distributed industrial goods and consumables.
Correct Answer
D They established banks and financial institutions for local entrepreneurs.
Correct Answer

Option C is the correct answer.

Detailed Explanation

The text states: 'The British firms bought up African produce and organised their export. They also were responsible for the importation and distribution of industrial goods and consumables in Nigeria.'

Hint

Consider the dual function these firms played in both exporting raw materials and importing finished goods.

Question Info

Course: GST 112
Topic: Study Session 9: Political Economy and Culture of Underdevelopment In Nigeria
Type: Objective
Difficulty: Not specified
Question 551 of 1270
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