NABTEB Economics 2024 Objective — Question 49
Question 49 of 50 from the National Business and Technical Examinations Board (NABTEB) Economics 2024 Objective paper, with the correct answer and a full explanation.
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One major achievement of the Economic Commission for Africa (ECA) is the
- A. A. setting up of the African Development Bank (AJDB)Correct
- B. B. provision of long term loans to non-members
- C. C. reduction of balance of payments problems in Africa
- D. D. removing the gap between African countries and the rich nations
Explanation
One major achievement of the Economic commission for Africa (ECA) was the establishment African Development Bank (AFDB). It is important to note that ECA is a specialized agency of the United Nation.
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