A) Import all goods and services B) Use scarce resources to achieve set economic and social objectives C) Distribute wealth equally by force D) Ban private businesses
A) Promote monopoly B) Ensure efficient allocation and utilization of resources C) Increase government expenditure D) Reduce the number of workers
A) Dependence on foreign aid B) Full employment of resources C) Reduction in industrial output D) Increase in inflation rate
A) Equitable distribution B) No distribution C) Foreign control D) Unequal distribution
A) Short term plan B) Rolling plan C) Perspective plan D) Medium term plan
A) Annual plan B) Rolling plan C) Emergency plan D) Long term / Perspective plan
A) Cancellation after one year B) Fixed duration of 20 years C) No government involvement D) Continuous review and extension by one year
A) The central authority / government B) Local governments C) Private firms D) International organizations
A) Import ban B) Persuasion and incentives C) Military rule D) Force
A) Stable exchange rate B) Political instability and frequent change of government C) Too much foreign investment D) Excess skilled manpower
A) No interest payment B) Increase in national debt burden C) Free technology D) Automatic development
A) International Market Fund B) International Monetary Fund C) Internal Monetary Fund D) International Money Finance
A) 1960 B) 1944 C) 1995 D) 1914
A) WTO B) UNICEF C) WHO D) IDA
A) Military peace B) Balance of payments equilibrium C) Language uniformity D) Cultural exchange
A) Paris B) Washington D.C C) London D) Geneva
A) Bretton Woods Institutions B) OPEC C) ECOWAS D) AU
A) Economic Community of West African States B) Economic Council of West African States C) East Central West African States D) European Community of West African States
A) 1963 B) 1975 C) 1994 D) 1980
A) Dakar B) Lagos C) Abuja D) Accra
A) Establish military bases in Europe B) Control world trade C) Promote economic integration among West African countries D) Regulate oil prices globally
A) Asian Union B) Arab Union C) African Union D) American Union
A) OAU in 2002 B) IMF C) WTO D) ECOWAS
A) Addis Ababa, Ethiopia B) Pretoria, South Africa C) Nairobi, Kenya D) Cairo, Egypt
A) Regulate education B) Control oil production C) Promote free and fair international trade D) Manage world military
A) Bans all exports B) Gives free goods to all C) Has no rules D) Favors developed countries over developing countries
A) Eradicate extreme poverty and hunger B) Promote tribalism C) Increase military spending D) Ban all imports
A) Total elimination of poverty B) Free oil for all C) Reduction in child mortality rate D) Ban on education
A) 1999 B) 2007 C) 2003 D) 2010
A) National Economic Empowerment and Development Strategy B) New Economic Export Strategy C) National Employment and Education System D) Nigerian Export Development Service
A) Ban foreign investment B) Reduce literacy rate C) Achieve sustainable economic growth and global competitiveness D) Increase poverty
A) Free housing for all B) Growth in ICT and entertainment industry C) Zero unemployment D) Total industrialization
A) Too much electricity B) Lack of population C) Infrastructure deficit and insecurity D) Excess food production
A) Banning small businesses B) Reducing education C) Providing social services and creating jobs D) Increasing taxes only
A) Brain drain and restiveness B) Increase in savings C) Better goveernance D) Reduced population
A) Foreign direct investment B) Local trade C) Education D) Agriculture
A) Poverty B) Corruption C) Unemployment D) Good governance
A) Faster transportation B) Increase in export C) High cost of production and low output D) Reduction in unemployment
A) High technology B) Too much rainfall C) Mismanagement of funds and corruption D) Excess skilled workers
A) Schools only B) Population C) Roads, electricity, water and health facilities D) Banks |