JAMB and WAEC Economics questions

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1. Question 241· International economic organisations· WAEC

   A trader can move goods from Nigeria to Ghana with fewer barriers because both countries belong to

   • AECOWAS
   • BOPEC
   • Cthe IMF
   • Dthe World Bank

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2. Question 242· International economic organisations· WAEC

   The IMF mainly helps member countries with

   • Abalance of payments difficulties
   • Bbuilding schools
   • Cfarming
   • Delections

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3. Question 243· International economic organisations· WAEC

   The organisation that helps member countries with balance of payments difficulties is the

   • AInternational Monetary Fund
   • BWorld Bank
   • CECOWAS
   • DOPEC

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4. Question 244· International economic organisations· JAMB

   The Lake Chad Basin Commission promotes

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

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5. Question 245· International economic organisations· WAEC

   The International Monetary Fund (IMF) mainly helps member countries to

   • Abuild schools
   • Bcorrect balance of payments problems
   • Cfix the prices of crops
   • Drun their elections

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6. Question 246· International economic organisations· WAEC

   Nigeria is a member of OPEC, an organisation of

   • Apetroleum-exporting countries
   • Bcoffee-producing countries
   • CAfrican farmers
   • DWest African banks

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7. Question 247· International economic organisations· WAEC

   ECOWAS was established in 1975 to

   • Apromote economic integration in West Africa
   • Blend money to every nation
   • Cfix world oil prices
   • Dsettle all world disputes

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8. Question 248· 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

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9. Question 249· International economic organisations· WAEC

   OPEC is an organisation of

   • Aagricultural producers
   • BWest African states
   • Cworld banks
   • Dpetroleum-exporting countries

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10. Question 250· International economic organisations· JAMB

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

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

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11. Question 251· International economic organisations· WAEC

    The World Trade Organisation promotes

    • Afree and fair international trade
    • Bmilitary alliances
    • Ctourism
    • Dpopulation control

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12. Question 252· International economic organisations· WAEC

    The Economic Community of West African States was established in

    • A1960
    • B1975
    • C1963
    • D1999

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13. Question 253· International economic organisations· JAMB

    Members of OPEC cooperate mainly to

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

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14. Question 254· International economic organisations· WAEC

    A free trade area is an arrangement in which member countries

    • Astop trading with each other
    • Buse one currency
    • Chave one government
    • Dremove tariffs on trade among themselves

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15. Question 255· 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

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16. Question 256· International economic organisations· JAMB

    The headquarters of ECOWAS is in

    • ALomé
    • BAccra
    • CAbuja
    • DDakar

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17. Question 257· International economic organisations· JAMB

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

    • A1975
    • B1960
    • C1963
    • D1999

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18. Question 258· 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

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19. Question 259· International economic organisations· WAEC

    The African Development Bank (AfDB) mainly provides

    • Ainsurance for traders
    • Bloans to private individuals
    • Cfinance for development projects in African countries
    • Dmilitary aid

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20. Question 260· International economic organisations· WAEC

    ECOWAS aims mainly to

    • Arun the UN
    • Bfix world oil prices
    • Clend to all countries
    • Dpromote economic integration in West Africa

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