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