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

Question 1:

• JAMB 2018

When a member's currency is declared "scarce", it is the duty of the IMF to______

A. Suspend the member state indefinitely
B. Ban all exports from that state
C. Suspend dealings in that currency for one year
D. Ration it among the countries demanding it

Question 2:

• JAMB 2018

ECOWAS was formed for the purpose of________

A. Promoting co-operation and integration
B. To facilitate the expansion of international trade
C. To provide insurance
D. To insure new investment

Question 3:

• JAMB 2019

The Economic Community of West African States (ECOWAS) has been slow in achieving its objective because of______________

A. The activities of multinationals
B. Inadequate personnel at the secretariat
C. Political instability
D. Inadequate international support

Question 4:

• JAMB 2019

The Economic Commission for Africa was set up by the_________

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

Question 5:

• JAMB 2017

Which of the following statement is TRUE about ECOWAS?

A. The aim of ECOWAS is to ensure economic stability
B. Bigger state in the community dominate the small state
C. Members of the ECOWAS community can form cartel and create monopolies
D. English is the only official language of ECOWAS