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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 11:
Nigeria is rated in the Organization of Petroleum Exporting Countries as the
  • A Seventh largest oil producer
  • B Sixth largest oil producer
  • C Third largest oil producer
  • D Fifth largest oil producer
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Question 12:
One of the organizational weaknesses of the Organization of Petroleum Exporting Countries is its inability to
  • A Monitor global oil consumption
  • B Assist poor countries
  • C Punish erring members
  • D Collect membership dues promptly
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Question 13:
The Organization of Petroleum Exporting Countries came into existence at a conference held in
  • A Tripoli
  • B Caracas
  • C Riyadh
  • D Baghdad
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Question 14:
Which of the following is a major threat to OPEC?
  • A Persistence of war in the Middle East
  • B The discovery of crude oil in more countries
  • C Antagonism by the major world powers
  • D Development of viable alternatives to crude
View Answer & Explanation
Question 15:
One of the principal objectives of the OPEC is to
  • A Determine oil prices in the international market
  • B Harmonizes the oil policies of member countries
  • C Discipline erring oil-producing countries
  • D Assist non-oil producing developing states
View Answer & Explanation