IBRD - Jamb Economics Past Questions and Answers

Question 1:

• JAMB 2019

A demand which gives rise to the reverse of the law of demand is__________

A. Derived demand
B. Joint demand
C. Abnormal demand
D. Composite demand

Question 2:

• JAMB 1993

The international Bank for Reconstruction and Development is important to developing countries because it?

A. Gives loans to member countries for legal proceedings
B. Offers grants and aid for defence
C. Offers loans to member countries for socio-economics activities
D. Offers grants and aid to finance luxury projects

Question 3:

• 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