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