Question 771:

• JAMB 1985

The argument of tariff protection in less developed economies is that such a measure would

A. Raise the price of goods affected abroad
B. Make consumers pay a higher price for the domestically produced output
C. Protect young industries from ruinous competition from abroad
D. Help reduced excess capacity in domestic industries
E. Stifle private investment intiatives

Question 772:

• JAMB 1985

Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?

A. It would allowed for more money to be spent on luxuries
B. The interest rate on the loan will increase
C. It would decrease the demand for Nigeria's exports
D. It would worsen Nigeria foreign exchange situation
E. Nigerias oil would sell less in the world market

Question 773:

• JAMB 1985

Foreign exchange control in Nigeria is administered by the?

A. United Bank for Africa
B. Union Bank of Nigeria
C. First Bank Of Nigeria
D. Central Bank of Nigeria
E. Natonal Bank of Nigeria

Question 774:

• JAMB 1985

Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?

A. 14 days
B. 30 days
C. 60 days
D. 90 days
E. 100 days

Question 775:

• JAMB 1985

How many National Development Plans did Nigeria have between 1960 and 1984?

A. One
B. Two
C. Four
D. Five
E. Six