Economics JAMB, WAEC, NECO AND NABTEB Official Past Questions

43

Which of the following is NOT a function of the IMF?

  • A. assisting member countries in printing and issuing their currency
  • B. Exchange rate stabilization
  • C. Promoting international monetary cooperation
  • D. Providing financial aid to members experiencing balance of payment difficulties
  • E. Serving as a clearing house f member countries
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44

A business formation with a minimum of two and maximum of twenty persons is called

  • A. cooperative society
  • B. joint stock company
  • C. one man business
  • D. partnership
  • E. public corporation
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45

Which of the following is NOT a major role of OPEC in production, and marketing of petroleum?

  • A. Coordinating and unifying petroleum policies of member countries
  • B. Ensuring efficient and regular supply of oil to the two market
  • C. Raising the revenue of member countries from oil through price increase
  • D. Refining of petroleum products in member countries
  • E. Stabilizing oil prices putting a production ceiling
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