Roles and relevance of international organization - Jamb Economics Past Questions and Answers

Question 11:

• 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 12:

• 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 13:

• JAMB 1986

ECOWAS will enable the countries involved to achieve

A. Comparative political advantage over other countries not in the region
B. A large market for their products
C. Military superiority over countries not in the region
D. Lower the transportation codt of goods wthin the region

Question 14:

• JAMB 1992

The Nigerian Trust Fund is managed on behalf of Nigeria by the?

A. World Bank
B. International Monetary Fund
C. African Development Bank
D. Economic Commission for Africa

Question 15:

• JAMB 1992

One of the gains by member states of the Economic Community of West Africa?

A. Monocultural dependency
B. Trade creation
C. Trade inversion
D. Economic independency