WAEC Past Questions and Answers - Page 2777

13,881.

Nazism is a political ideology which emphasized

A.

supremacy of a race

B.

collective racial consciousness

C.

communal racial consciousness

D.

equality of all races

Correct answer is A

Nazism ; extreme racist or authoritarian views or behaviour.

13,882.

Assisting members to solve temporary balance of payments problems is the reasons for the establishment of the

A.

International Monetary Fund

B.

Economic Commission for Africa

C.

World Bank

D.

African Development Bank

Correct answer is A

The IMF is an international organization that was founded in 1944. Its main goal is to promote international monetary cooperation and facilitate international trade. The IMF does this by providing loans to countries that are experiencing balance of payments problems.

 

A balance of payments problem occurs when a country's imports exceed its exports. This can lead to a shortage of foreign currency, which can make it difficult for the country to pay for imports. The IMF can provide loans to countries with balance of payments problems to help them to cover their import shortfalls and stabilize their currencies. 

13,883.

A government's supreme power to demand obedience from its citizens demonstrates the nation of

A.

rule of law

B.

parliamentary supremacy

C.

sovereignty

D.

separation of powers

Correct answer is C

Sovereignty means supreme power or authority. The authority of a state to govern itself or another state.

13,884.

A government which has the ability to compel its citizens to obedience is said to be exercising

A.

authority

B.

coercion

C.

power

D.

legitimacy

Correct answer is A

The term "authority" is often used for power that is perceived as legitimate by the social structure. 

13,885.

National income is calculated mainly to

A.

Determine how income is to shared

B.

Help firms generate more funds

C.

Determine aid to to be received from other nations

D.

Determine the level of sectoral performance

Correct answer is A

National income is calculated mainly to determine the level of sectoral performance.

 

The level of sectoral performance is important because it can indicate the strength of the economy and the potential for future growth. By measuring the level of sectoral performance, governments can identify areas where the economy is doing well and areas where it needs improvement.