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
Răspuns
(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
Răspuns
(E)
decrease in money supply
4
all the following are specific examples of indirect tax except
Răspuns
(E)
poll tax
5
Demand in Economics is synonymous with
Răspuns
(D)
wants supported with ability to pay
6
All the following factors will cause a change in demand except
Răspuns
(E)
the price of commodity
7
A rational consumer tends to do all the following except
Răspuns
(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
Răspuns
(D)
a discriminating monopoly
9
A perfect market has all the following features except that
Răspuns
(A)
there are many buyers and few sellers
10
The purchasing power of the Naira will fall when
Răspuns
(D)
there is inflation
11
Time deposit has the same meaning as
Răspuns
(C)
deposit account
12
Which of the following best explain an inflationary situation at current price level?
Răspuns
(A)
Demand, supply
13
The theory of consumer behavior is based on all the following assumption except that the
Răspuns
(A)
Consumer is assumed irrational
14
The Joint Stock Company can be a company whose minimum membership is
Răspuns
(A)
2
15
Limited liability in Economics means that
Răspuns
(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
Răspuns
(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
Răspuns
(C)
OPEC
18
Which of the following is not a member of OPEC?
Răspuns
(E)
Egypt
19
which of the following statements is not true of capital income?
Răspuns
(B)
it is calculated as National Income Population
20
The notion of short-run and long-run periods is responding for grouping cost into
Răspuns
(A)
fixed and variable
21
Which of the following statements is not true of cheques? They
Răspuns
(C)
are legal tender
22
Which of the following are not agents of distribution
Răspuns
(C)
Consumers
23
One of the greatest demerits of the middlemen in Nigeria is that they
Răspuns
(A)
increase the price of goods and services at will
24
When a business has an unlimited liability
Răspuns
(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
Răspuns
(C)
labour intensive
26
which of the following are determinants of the rate of population growth?
Răspuns
(C)
Death rate , birth rate and net migration
27
The concentration of industries in one place is referred to as
Răspuns
(E)
localization of industries
28
which of the following best describes the budget? A
Răspuns
(B)
detailed estimate of government financial operation for a year
29
Which of the following is not done by the NNPC?
Răspuns
(E)
Pricing of crude oil
30
One major function of the Central Bank is to
Răspuns
(E)
control and regulate money supply
31
Distribution involves the
Răspuns
(E)
transfer of goods and services from production centre to consumers
32
Disguised unemployment
Răspuns
(E)
exist when manpower is not being utilized efficiently
33
The Nigerian economy can be best describe as a
Răspuns
(C)
mixed economy
34
The amount of money to be created by commercial banks is actually influenced by the
Răspuns
(A)
legal reserved ratio
35
Another name for the International Banks for Reconstruction and Development (IBRD) is
