which of the following are resources for holding money instead of investing it? I Transaction motive II. Precautionary motive III. Speculative motive IV. Liquidity motive
Απάντηση
(C)
I, II and III only
3
it is general belief that inflation in West Africa is caused by all the factors listed below except
Απάντηση
(E)
decrease in money supply
4
all the following are specific examples of indirect tax except
Απάντηση
(E)
poll tax
5
Demand in Economics is synonymous with
Απάντηση
(D)
wants supported with ability to pay
6
All the following factors will cause a change in demand except
Απάντηση
(E)
the price of commodity
7
A rational consumer tends to do all the following except
Απάντηση
(A)
buying more at a high price than at a low price
8
A firm that charges different price of goods or services that have same technical qualities is called
Απάντηση
(D)
a discriminating monopoly
9
A perfect market has all the following features except that
Απάντηση
(A)
there are many buyers and few sellers
10
The purchasing power of the Naira will fall when
Απάντηση
(D)
there is inflation
11
Time deposit has the same meaning as
Απάντηση
(C)
deposit account
12
Which of the following best explain an inflationary situation at current price level?
Απάντηση
(A)
Demand, supply
13
The theory of consumer behavior is based on all the following assumption except that the
Απάντηση
(A)
Consumer is assumed irrational
14
The Joint Stock Company can be a company whose minimum membership is
Απάντηση
(A)
2
15
Limited liability in Economics means that
Απάντηση
(A)
a shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested
16
Regressive tax is not a good tax system because it
Απάντηση
(D)
Does not ensure equity in payment
17
The price and quantity of crude oil and petrol sold to other countries by Nigeria is fixed by the
Απάντηση
(C)
OPEC
18
Which of the following is not a member of OPEC?
Απάντηση
(E)
Egypt
19
which of the following statements is not true of capital income?
Απάντηση
(B)
it is calculated as National Income Population
20
The notion of short-run and long-run periods is responding for grouping cost into
Απάντηση
(A)
fixed and variable
21
Which of the following statements is not true of cheques? They
Απάντηση
(C)
are legal tender
22
Which of the following are not agents of distribution
Απάντηση
(C)
Consumers
23
One of the greatest demerits of the middlemen in Nigeria is that they
Απάντηση
(A)
increase the price of goods and services at will
24
When a business has an unlimited liability
Απάντηση
(C)
the owners are responsible for all its financial debts
25
when a country has a large labour forvce , it is beneficial to use a method of production which is
Απάντηση
(C)
labour intensive
26
which of the following are determinants of the rate of population growth?
Απάντηση
(C)
Death rate , birth rate and net migration
27
The concentration of industries in one place is referred to as
Απάντηση
(E)
localization of industries
28
which of the following best describes the budget? A
Απάντηση
(B)
detailed estimate of government financial operation for a year
29
Which of the following is not done by the NNPC?
Απάντηση
(E)
Pricing of crude oil
30
One major function of the Central Bank is to
Απάντηση
(E)
control and regulate money supply
31
Distribution involves the
Απάντηση
(E)
transfer of goods and services from production centre to consumers
32
Disguised unemployment
Απάντηση
(E)
exist when manpower is not being utilized efficiently
33
The Nigerian economy can be best describe as a
Απάντηση
(C)
mixed economy
34
The amount of money to be created by commercial banks is actually influenced by the
Απάντηση
(A)
legal reserved ratio
35
Another name for the International Banks for Reconstruction and Development (IBRD) is
