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Government Past Questions and Answers

Topic: The Organization of Petroleum Exporting Countries (OPEC)

Jamb Government Questions - The Organization of Petroleum Exporting Countries (OPEC)

Question 1:
The dwindling and market falls in oil prices are prime indicators for Nigeria politico-economic consideration for________
  • A Indigenization policy
  • B Diversification
  • C The adoption of the United Nations' Vision 2030
  • D Nationalisation policy
View Answer & Explanation
Question 2:
Nigeria joined the Organisation of Petroleum Exporting Countries (OPEC) in__________
  • A 1970
  • B 1971
  • C 1972
  • D 1973
View Answer & Explanation
Question 3:
Which of these countries is NOT a member of New Commonwealth of Nations?
  • A Papua New Guinea
  • B Sri Lanka
  • C Grenada
  • D Rwanda
View Answer & Explanation
Question 4:
The major strategy used by OPEC to influence oil price is by
  • A Determining the quality of oil to be produced at any given period
  • B Influencing buyers at the international market to buy at high prices
  • C Allowing member countries to produce at their discretion
  • D Increasing the supply of the commodity
View Answer & Explanation
Question 5:
During the period 1960, Nigeria was governed under the
  • A Presidential system of government
  • B Westminster system of government
  • C Confederal system of government
  • D Unitary system of government
View Answer & Explanation