ECOWAS As A Case Study - SS3 Economics Past Questions & Answers - page 1

1

When was ECOWAS established?

A

1965

B

1975

 

C

1985

D

1995

CORRECT OPTION: b
2

What is the common currency of the ECOWAS monetary union?

A

Naira 

B

Cedi

C

CFA Franc

D

Eco

CORRECT OPTION: d
3

What is the main objective of ECOWAS?

A

To promote economic and trade relations among member countries

B

To promote political unity among member countries

 

C

To establish a military alliance among member countries

D

To promote cultural exchanges among member countries

CORRECT OPTION: a
4

What is the name of the institution that oversees the implementation of ECOWAS policies and programs?

A

African Union Commission

B

United Nations Development Programme

C

World Trade Organization

D

ECOWAS Commission

 

CORRECT OPTION: d
5

What are some of the measures that ECOWAS has implemented to promote economic integration among member countries?

ECOWAS has implemented measures such as the establishment of a free trade area, the adoption of a common external tariff, the establishment of a regional customs union, and the establishment of a regional monetary union with a common currency, the Eco.

 

6

What are some of the challenges that ECOWAS still faces in promoting economic integration among member countries?

ECOWAS still faces challenges such as the persistence of trade barriers, inadequate infrastructure, and the lack of political will to implement its policies and programs. There is also a need for more harmonization of economic policies among member countries.

 

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