economics

The best index for international comparison of standards of living is the?

A. gross national product B. net national income C. per capita income D. gross national income Correct Answer: Option C…

5 years ago

According to the income approach to national income measurement, the national income of a country is equal to?

A. the value of all output produced in the country over the relevant period of time at market prices B.…

5 years ago

Which of the following are the major disadvantage of a direct system of taxation?

i. Disincentive of hard work ii. Difficulties in assessment and collection iii. imperfection in the tax assessment. A. i and…

5 years ago

The joint ventures operating in the Nigerian oil industry are between?

A. the NNPC and independent marketers B. the NNPC and multinational marketers C. the NNPC and producer marketers D. multinational…

5 years ago

Which of the following can be considered as being outside the objectives of public finance?

A. The allocation of resources to various sectors of the economy B. The objective of even distribution of income and…

5 years ago

Economic development is distinguishable from economic growth because the former?

A. is not concerned with growth parameters B. affects only poor people C. also includes an efficient distribution of economic…

5 years ago

Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?

A. The deregulation of the banking system B. The increase in the number of merchant banks C. The community banking…

5 years ago

The money market is a financial market that specializes in the provision of?

A. short-term loans B. medium-term loans C. long-term loans D. venture capital for development projects Correct Answer: Option A -…

5 years ago

Since the mid-1980s, the most disturbing development in the industrial sector in Nigeria is?

A. labour intensity B. capital intensity C. poor technology D. capacity under-utilization Correct Answer: Option D - capacity under-utilization

5 years ago