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