JAMB Economics questions: International economic organisations

13 questions with answers and explanations. Tap an option to check yourself.

1. Question 1· International economic organisations· JAMB

   The headquarters of the African Development Bank is in

   • ANairobi
   • BLagos
   • CAddis Ababa
   • DAbidjan

   Show answer

   Explanation and discussion

2. Question 2· International economic organisations· JAMB

   The main aim of the World Trade Organization (WTO) is to

   • Agive loans for balance of payments
   • Bpromote freer trade by reducing trade barriers
   • Cfix oil prices
   • Dprovide peacekeeping

   Show answer

   Explanation and discussion

3. Question 3· International economic organisations· JAMB

   The African Development Bank has its headquarters in

   • ALagos
   • BAbidjan
   • CAddis Ababa
   • DAccra

   Show answer

   Explanation and discussion

4. Question 4· International economic organisations· JAMB

   The IMF helps member countries mainly by

   • Arunning schools
   • Bbuilding roads
   • Cfixing oil prices
   • Dproviding short-term loans for balance of payments problems

   Show answer

   Explanation and discussion

5. Question 5· International economic organisations· JAMB

   The Lake Chad Basin Commission promotes

   • Aoil production
   • Bworld trade
   • Ccooperation among countries sharing the Lake Chad basin
   • Dbanking supervision

   Show answer

   Explanation and discussion

6. Question 6· International economic organisations· JAMB

   The World Bank mainly provides

   • Amilitary aid
   • Bshort-term balance of payments help
   • Clong-term loans for development projects
   • Dtrade tariffs

   Show answer

   Explanation and discussion

7. Question 7· International economic organisations· JAMB

   The Economic Community of West African States was established by the Treaty of

   • ALagos (1975)
   • BRome
   • CAbuja (2002)
   • DAccra (1957)

   Show answer

   Explanation and discussion

8. Question 8· International economic organisations· JAMB

   Members of OPEC cooperate mainly to

   • Acoordinate petroleum policies and production
   • Bbuild roads
   • Cpromote tourism
   • Dfix food prices

   Show answer

   Explanation and discussion

9. Question 9· International economic organisations· JAMB

   The World Bank (IBRD) mainly provides

   • Ashort-term loans for balance of payments
   • Blong-term loans for development projects
   • Cmilitary assistance
   • Dtrade agreements

   Show answer

   Explanation and discussion

10. Question 10· International economic organisations· JAMB

    The headquarters of ECOWAS is in

    • ALomé
    • BAccra
    • CAbuja
    • DDakar

    Show answer

    Explanation and discussion

11. Question 11· International economic organisations· JAMB

    The Economic Community of West African States (ECOWAS) was established in

    • A1975
    • B1960
    • C1963
    • D1999

    Show answer

    Explanation and discussion

12. Question 12· International economic organisations· JAMB

    The main function of the International Monetary Fund (IMF) is to

    • Afinance long-term infrastructure projects
    • Bgive short-term loans to members with balance of payments problems
    • Cregulate world trade in goods
    • Dprovide humanitarian aid

    Show answer

    Explanation and discussion

13. Question 13· International economic organisations· JAMB

    The African Development Bank finances mainly

    • AEuropean businesses
    • Bdevelopment projects in African countries
    • Coil cartels
    • Dprivate consumers

    Show answer

    Explanation and discussion