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JAMB Economics 2010 Question 48

Question 48

International Economic Organisations

One of the objectives of ADB is to

  1. A.provide subsidies on imported goods to member countries
  2. B.mobilize short-term loans for member countries
  3. C.promote economic and social development of member countries
  4. D.provide technical assistance to only poor member countries.
Show the answer and explanation

Answer: C (promote economic and social development of member countries)

Explanation

The African Development Bank exists to finance economic and social development in its member countries.