Waec Economics 1990 Past Questions and Answers

Question 36:

• WAEC 1990

Another name for the International Banks for Reconstruction and Development (IBRD) is

A. International Monetary Funds
B. International Development Bank
C. World Bank
D. International Bnak of Africa
E. International Bank for West Africa

Question 37:

• WAEC 1990

the headquarter of the Organization of Petroleum Exporting Countries (OPEC) is in

A. Geneva, Switzerland
B. Vienna, Austria
C. Paris, France
D. London , Britain
E. New York, USA

Question 38:

• WAEC 1990

The wholesale provides all the following services to the manufacturer except

A. Warehousing
B. Financing production
C. Marketing the product
D. Granting credit
E. After-sales services

Question 39:

• WAEC 1990

The country that makes the largest contribution to the IMF is

A. The USA
B. Britain
C. West Germany
D. France
E. Norway

Question 40:

• WAEC 1990

The raw scores of 20 students of Utopia High School who took part in an examination in Economics are given below. The pass mark is 40%
38 28 70 43
39 20 64 66
12 46 52 53
20 34 48 69
18 20 64 34
(a) What is the mean score of the students' marks?
(b) How many students passed the examination?
(c) What percentage of the students failed the examination?
(d) What is the range of the scores?
(e) How many students scored below the mean score?