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Economics Past Questions and Answers

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Economics Questions

Question 4306:

Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?

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A Coordinating and unifying petroleum policies of member countries
B Ensuring efficient and regular supply of oil to the two market
C Raising the revenue of member countries from oil through price increase
D Refining of petroleum products in member countries
E Stabilizing oil prices putting a production ceiling

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Question 4307:

A business formation with a minimum of two and maximum of twenty persons is called ____________

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A Cooperative society
B Joint stock company
C One man business
D Partnership
E Public corporation

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Question 4308:

Which of the following is NOT a function of the IMF?

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A Assisting member countries in printing and issuing their currency
B Exchange rate stabilization
C Promoting international monetary cooperation
D Providing financial aid to members experiencing balance of payment difficulties
E Serving as a clearing house f member countries

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Question 4309:

In the equation Q = a - bp + e; Q and P are ____________ Variables respectively.

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A Constant and dependent
B Dependent and independent
C Error term and independent
D Independent and constant
E Independent and dependent

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Question 4310:

ECOWAS secretariat is located in ____________

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A Abuja, Nigeria
B Accra, Ghana
C Conakry, Guinea
D Freetown, Sierra Leone
E Monrovia, Liberia V

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