A major objective of the Federal Government's initiative on cassava production in Nigeria is to
Diversify the export base of the economy
Ensure the availability of cassava
Make cassava a staple food in the country
Provide raw materials for industries
Correct answer is A
No explanation has been provided for this answer.
The survival of partnership depends on
The managerial ability of the partners
Access to finance
The goodwill of the partners
Political stability
Correct answer is A
No explanation has been provided for this answer.
The minimum number of shareholders for a joint stock company is
2
3
4
7
Correct answer is D
No explanation has been provided for this answer.
The main objective of WTO is to
Help countries with chronic balance of payments problems
Help debtor nations solve their problems
Ensure adequate tariff protection for infant industries
Provide a mechanism for tariff reductions
Correct answer is D
No explanation has been provided for this answer.
One of the ways of correcting a deficit balance of payments is to
Revalue a country's currency
Devalue a country's currency
Increase imports
Reduce exports
Correct answer is B
One way to improve a deficit balance of payment is through devaluation. By devaluing the currency, the value of the home currency goes down against foreign currency. This means imports will become costlier as people will have to pay more for the local currencies to obtain a foreign currency that will be used to transact business. This invariably leads to a reduction in the demand for imports, which is one of the major causes of a deficit balance of trade/payment