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