WAEC Economics 2018 Objective — Question 47
Question 47 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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The International Bank for Reconstruction and Development (IBRD) performs the following functions except
- A. granting long-term loans
- B. assisting with technical expertise
- C. reducing tariff among member nationsCorrect
- D. developing human resource
Explanation
Reducing tariffs among member nations is not a function of the IBRD (World Bank); this is more the role of trade organisations like the WTO. The IBRD focuses on loans, technical assistance and development programmes.
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