Which of the following Is NOT a function of Merchant Bank?
A. Helps public companies to issue new shares B. Provision of medium and long-term loans C. They accept bills of exchange D. They guarantee the buying of shares E. They implement government monetary policies Correct Answer: Option D – They guarantee the buying...
The Industrial strategy of producing locally those goods that could have been imported is known as?
A. balance growth B. export promotion C. import substitution D. Industrialization E. urbanization Correct Answer: Option C – import substitution
The African Development Bank was set up in 1964 and has its headquarters in?
A. Burkina Faso B. Ivory Coast C. Liberia D. Niger Republic E. Senegal Correct Answer: Option B – Niger Republic
A comprehensive statement of Income and expenditure on international accounts for one financial year is called?
A. balance of payments B. balance of trade C. budget D. Index of trade E. terms of trade Correct Answer: Option A – balance of payments
A tax system in which the income earner pays a fixed percentage of his income annually is known as _____ tax.
A. direct B. indirect C. progressive D. proportional E. regressive Correct Answer: Option D – proportionalProducts
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