International Economic Organizations - Jamb Economics Past Questions and Answers

Question 21:

• JAMB 1994

The borrowing rights of a member country of the international Monetary Fund are determined by?

A. The seriousness of the country's economic problems
B. Its balance of payments position
C. Its quota to the fund
D. The size of gold reserve

Question 22:

• JAMB 1995

The primary objective of all international economic organizations is to?

A. Ensure that third world countries get a better share of the world's resources
B. Promote international economic co-operation for the mutual benefit of all members
C. Enforce structural adjustment programmes on less developed countries
D. Encourage exports from the developed to the less developed countries

Question 23:

• JAMB 1997

An important feature of a cartel is that?

A. Members do not reduce price below the cartel price
B. Each member has a fixed output above which it is not expected to produce
C. A powerful member fixes the price at which others will sell
D. Membes fix the prices for their products

Question 24:

• JAMB 1998

The Economic Commission for Africa was set up by the?

A. UNO
B. ECOWAS
C. OAU
D. IMF

Question 25:

• JAMB 2001

The loans from the World Bank to developing countries are mainly to support?

A. The establishment of more universities
B. Capital-intensive technology
C. Infrastructural investments
D. Their low level of consumption