International Economic Organizations - Jamb Economics Past Questions and Answers

Question 26:

• JAMB 2002

ECOWAS has taken a giant step towards economic integration by?

A. Presenting a united front against foreign economic exploiters
B. Introducing a common currency for travellers
C. Holding frequent meeting at various state capitals
D. Increasing economic stability among members states

Question 27:

• JAMB 2003

IBRD as an international monetary institution is concerned with the

A. Improvement of trade among member nations
B. Development of infrastructure in member nations
C. Balance of payments problems of member nations
D. Financing of private businesses in member nations

Question 28:

• JAMB 2004

The European Union was formed to

A. Promote free trade within member nations
B. Promote economic integration in non-member countries
C. Assist countries to achieve their economic goals
D. Finance development projects in member nations

Question 29:

• JAMB 2005

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

A. Capital-intensive technology
B. The establishment of universities
C. Their infrastructure investment
D. Their level of consumption

Question 30:

• JAMB 2005

An institution that regulates trade relations among members is the

A. ADB
B. OPEC
C. EU
D. IMF