economics

The current and capital accounts in Nigeria’s balance of payments contain all the following items except?

A. oil export B. receipts for shipping services C. cost of aviation D. foreign investment E. IMF Standard Drawing Right…

5 years ago

Exchange control is a weapon used in regulating ______?

A. Internal trade B. Stock exchange C. Foreign exchange D. Barter trade E. Exchange of personal properties Correct Answer: Option…

5 years ago

In calculating the Gross National Product (GNP) by the income approach, all the following are included except?

A. wages and salaries B. direct taxes paid by persons and companies C. rents on houses D. retirement benefits E.…

5 years ago

Development banks mainly provide?

A. savings account facilities for a developing economy B. foreign exchange facilities for importers and exporters C. capital for development…

5 years ago

Deficit financing means?

A. receiving grants from the IMF B. having budget surplus C. excessive government spending on banks D. borrowing to finance…

5 years ago

Which of the following is a bank’s responsibility to it’s shareholders?

A. making profits B. creating money C. paying high-interest rate D. preventing inflation E. issuing currencies Correct Answer: Option A…

5 years ago

The efficiency of a country’s labour force depends on all the following except?

A. improved working conditions B. better and health care facilities C. adequate training D. stable economy E. frequent strikes and…

5 years ago

Changes in the value of money can be measured by?

A. The distributors B. A price index C. A demand index D. A supply index E. The use of cheque…

5 years ago

Demand-pull inflation results when there is?

A. inadequate improvement in the wage rate of workers B. excessive demand due to high purchasing power C. excessive supply…

5 years ago

Which of the following market structure are imperfect in competition?

I monopoly II duopoly III oligopoly A. I only B. II and III only C. I and II only D.…

5 years ago