WAEC Commerce Past Questions & Answers - Page 128

636.

Which of the following is not an economic grouping?

A.

International Bank for Reconstructing And Development (IBRD)

B.

Lake Chad Basin Commission (LCBC)

C.

United Nations Organization (UNO)

D.

Niger Basin Commission (NBC)

E.

Mano River Union (MRU)

Correct answer is C

No explanation has been provided for this answer.

637.

Which of the following facilitates settlement for sub-regional indebtedness?

A.

Niger Basin Commission(NBC)

B.

Lake Chad Basin Commission (LCBC)

C.

The West African Clearing House

D.

Economic Community Of West African States (ECOWAS)

E.

International Monetary Fund (IMF)

Correct answer is C

No explanation has been provided for this answer.

638.

Which of the following is not a problem of ECOWAS?

A.

Different levels of economic development in member countries

B.

Transportation and communication links

C.

Different economic policies member countries

D.

Diversified economy for West Africa

E.

Use of different currencies

Correct answer is D

No explanation has been provided for this answer.

639.

Which of the following specializes in granting loans to distressed economies?

A.

UNESCO

B.

ECA

C.

IMF

D.

IBRD

E.

UNDP

Correct answer is C

No explanation has been provided for this answer.

640.

The major aim of indigenization is to

A.

standardize products

B.

accelerate participation of citizens in business

C.

promote international co-operation

D.

differentiate a country's product from the orders

E.

discourage foreign investment

Correct answer is B

No explanation has been provided for this answer.