JAMB and WAEC Economics questions: International economic organisations

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

1. Question 21· International economic organisations· JAMB

   The headquarters of ECOWAS is in

   • ALomé
   • BAccra
   • CAbuja
   • DDakar

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   Explanation and discussion

2. Question 22· International economic organisations· JAMB

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

   • A1975
   • B1960
   • C1963
   • D1999

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3. Question 23· 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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4. Question 24· 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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5. Question 25· 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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6. Question 26· International economic organisations· WAEC

   The main aim of the Economic Community of West African States (ECOWAS) is to

   • Aprovide military rule
   • Bgrant loans to individuals
   • Cfix world oil prices
   • Dpromote economic integration among member states

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7. Question 27· International economic organisations· JAMB

   The African Development Bank finances mainly

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

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8. Question 28· International economic organisations· WAEC

   The organisation that sets rules for international trade and settles trade disputes is the

   • AAfrican Development Bank
   • BWorld Trade Organisation (WTO)
   • CECOWAS
   • DInternational Labour Organisation

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9. Question 29· International economic organisations· WAEC

   The World Bank (IBRD) was set up mainly to

   • Aprovide long-term loans for reconstruction and development
   • Bfix exchange rates
   • Cset oil prices
   • Dsettle trade disputes

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   Explanation and discussion