WAEC Past Questions and Answers - Page 141

701.

Which of the following is not a problem of ECOWAS?

A.

Different levels of economic development in member countries

B.

Transportation and communication links

C.

Different economic policies member countries

D.

Diversified economy for West Africa

E.

Use of different currencies

Correct answer is D

No explanation has been provided for this answer.

702.

Which of the following specializes in granting loans to distressed economies?

A.

UNESCO

B.

ECA

C.

IMF

D.

IBRD

E.

UNDP

Correct answer is C

No explanation has been provided for this answer.

703.

The major aim of indigenization is to

A.

standardize products

B.

accelerate participation of citizens in business

C.

promote international co-operation

D.

differentiate a country's product from the orders

E.

discourage foreign investment

Correct answer is B

No explanation has been provided for this answer.

704.

When an industry formerly owned by individuals is taken over by the government, such an industry becomes

A.

privatized

B.

nationalized

C.

commercialized

D.

indigenized

E.

legalized

Correct answer is B

No explanation has been provided for this answer.

705.

When a company sells its shares to an issuing house which later sells to the public, it is called

A.

an offer for sale

B.

a rights issue

C.

a public issue

D.

an issue by prospectus

E.

a private placing

Correct answer is A

No explanation has been provided for this answer.