A) Use scarce resources to achieve set economic and social objectives B) Distribute wealth equally by force C) Ban private businesses D) Import all goods and services
A) Ensure efficient allocation and utilization of resources B) Reduce the number of workers C) Increase government expenditure D) Promote monopoly
A) Dependence on foreign aid B) Increase in inflation rate C) Reduction in industrial output D) Full employment of resources
A) Equitable distribution B) No distribution C) Unequal distribution D) Foreign control
A) Perspective plan B) Medium term plan C) Rolling plan D) Short term plan
A) Annual plan B) Emergency plan C) Rolling plan D) Long term / Perspective plan
A) Continuous review and extension by one year B) No government involvement C) Cancellation after one year D) Fixed duration of 20 years
A) Local governments B) The central authority / government C) Private firms D) International organizations
A) Military rule B) Import ban C) Persuasion and incentives D) Force
A) Political instability and frequent change of government B) Too much foreign investment C) Stable exchange rate D) Excess skilled manpower
A) No interest payment B) Free technology C) Increase in national debt burden D) Automatic development
A) International Money Finance B) Internal Monetary Fund C) International Market Fund D) International Monetary Fund
A) 1960 B) 1914 C) 1995 D) 1944
A) WTO B) WHO C) UNICEF D) IDA
A) Balance of payments equilibrium B) Language uniformity C) Military peace D) Cultural exchange
A) Paris B) London C) Geneva D) Washington D.C
A) AU B) Bretton Woods Institutions C) OPEC D) ECOWAS
A) Economic Council of West African States B) Economic Community of West African States C) European Community of West African States D) East Central West African States
A) 1980 B) 1975 C) 1963 D) 1994
A) Accra B) Abuja C) Dakar D) Lagos
A) Establish military bases in Europe B) Control world trade C) Regulate oil prices globally D) Promote economic integration among West African countries
A) American Union B) African Union C) Arab Union D) Asian Union
A) IMF B) OAU in 2002 C) ECOWAS D) WTO
A) Cairo, Egypt B) Nairobi, Kenya C) Addis Ababa, Ethiopia D) Pretoria, South Africa
A) Manage world military B) Promote free and fair international trade C) Control oil production D) Regulate education
A) Bans all exports B) Has no rules C) Favors developed countries over developing countries D) Gives free goods to all
A) Ban all imports B) Increase military spending C) Eradicate extreme poverty and hunger D) Promote tribalism
A) Free oil for all B) Ban on education C) Total elimination of poverty D) Reduction in child mortality rate
A) 2010 B) 2003 C) 1999 D) 2007
A) National Employment and Education System B) New Economic Export Strategy C) National Economic Empowerment and Development Strategy D) Nigerian Export Development Service
A) Increase poverty B) Achieve sustainable economic growth and global competitiveness C) Ban foreign investment D) Reduce literacy rate
A) Total industrialization B) Growth in ICT and entertainment industry C) Zero unemployment D) Free housing for all
A) Too much electricity B) Excess food production C) Lack of population D) Infrastructure deficit and insecurity
A) Banning small businesses B) Providing social services and creating jobs C) Reducing education D) Increasing taxes only
A) Increase in savings B) Reduced population C) Better goveernance D) Brain drain and restiveness
A) Local trade B) Foreign direct investment C) Education D) Agriculture
A) Poverty B) Good governance C) Corruption D) Unemployment
A) Faster transportation B) High cost of production and low output C) Reduction in unemployment D) Increase in export
A) Excess skilled workers B) Too much rainfall C) High technology D) Mismanagement of funds and corruption
A) Schools only B) Population C) Banks D) Roads, electricity, water and health facilities |