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Opec - Government Jamb Past Questions and Answers

Government Questions And Answers On Opec
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Government Jamb Past Questions


Questions and Answers on OPEC

Question 1 :



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


Question 2 :



The major strategy used by OPEC to influence oil price is by

A. Allocating production quotas to members
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


Question 3 :



One of the principal objectives of the OPEC is to

A. Harmonize the oil policies of member countries
B. Discipline erring oil - producing countries
C. Determine oil prices in the international market
D. Assist non -oil producing developing states


Question 4 :



Which of the following is a founding member of OPEC?

A. Nigeria
B. Indonesia
C. Venezuela
D. Algeria


Question 5 :



Who among the following served as Secretary General of OPEC?

A. Jibril Aminu
B. Aret Adams
C. Dan Etete
D. Rilwanu Lukman






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