15 questions
'Economic Integration', as part of CARICOM's main objectives, aims primarily at
rationalizing CARICOM's existing tariffs
limiting outside access to CARICOM products
accelerating development in CRICOM member states
reducing the debt owned by CARICOM members states
CARICOM countries need to pool their skilled human resources. The most likely result of action would be
a speeding up of the rate of "brain drain"
a reduction in workers wages and salaries
a reduction in the need for foreign experts
an increase in spending of foreign exchange
Which of the following is a function of the Caribbean Development Bank?
Regulating foreign exchange rates in CARICOM countries
Providing loans to individuals in the Caribbean for constructing homes
Serving as a central bank for all commercial banks in the CARICOM region
Organizing and supervision loans for developmental works to members states
For which of the following reasons are Caribbean government MOST likely to try to attract private investors?
To promote economic development in the region
To increase travel among the people of the region
To increase the markets and revenue of the larger territories
To ensure that goods from outside of the regional become cheaper
Which of the following may Hinder economic integration in CARICOM countries?
Removal of duties and tariffs
Restrictions on intra-regional trade
The establishment of a common currency
More funding from the Caribbean Development Bank
For which of the following reasons are Caribbean government MOST likely to try to attract private investors?
To promote development in the region
To increase travel among the people of the region
To increase the markets and revenue of the larger territories
To ensure that goods from outside of the region become cheaper
The two MOST recent members of CARICOM are
Grenada and St. Lucia
Suriname and Haiti
Belize and Guyana
Cuba and Venezuela
Which of the following institutions of CARICOM is responsible for the economic activities of the Community?
Common Market Council
Heads of Government Conference
Conference of Agricultural Ministers
Standing Committee of Ministers
Which of the following is associated with increased agricultural production in CARICOM?
Increased migration from the region
Reduced importation of agricultural tool
Increased rural- urban migration
Reduced dependence on imported food
The treaty which led to the establishment of CARICOM is an example of a
Multilateral agreement
Unilateral agreement
Functional agreement
Bilateral agreement
Where are the headquarters of CARDI located?
Antigua
Grenada
St. Lucia
Trinidad
The administrative body of the Caribbean Community is the
Caribbean Congress of Labour
CARICOM secretariat
Caribbean Association of Industry and Commence
Heads of Government Conference
Which of the following is the correct progression of Caribbean integration
Federation - CARICOM- CARIFITA
Federation - CARIFTA- CARICOM
CARICOM- CARIFTA- Federation
CARIFTA- CARICOM- Federation
CARDI is an Institution which is concerned mainly with
Consumer affairs
Agricultural Industries
Environment protection
Commercial enterprises
The CARICOM Single Market and Economy (CSME) was created to deepen the integration movement and to respond to the challenges and opportunities of
communism
globalization
independence
republicanism