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