economics

The greatest proportion of government revenue in Nigeria comes from?

A. export of raw materials B. income taxes on individuals and business C. custom duties and excise duties D. loans…

5 years ago

The use of legally permissible means to reduce tax liabilities is known as tax?

A. evasion B. avoidance C. reliefs D. exemption Correct Answer: Option B - avoidance

5 years ago

Stock and shares as well as bonds are examples of instruments used in the?

A. commodity markets B. money markets C. capital markets D. security markets Correct Answer: Option D - security markets

5 years ago

Banks can create more money by?

A. increasing its cash ratio with the Central Bank B. issuing more banks cheques C. accepting more deposits from customers…

5 years ago

In commercial banking, an account from which the customer cannot withdraw money instantly is a?

A. demand deposit account B. time deposit account C. special deposit account D. savings deposit account Correct Answer: Option B…

5 years ago

Which of the following is inflationary?

A. An increase in taxation B. An increase in savings C. A decrease in money supply D. An increase in…

5 years ago

The most important attribute of money is?

A. homogeneity B. relative scarcity C. divisibility D. general acceptability Correct Answer: Option D - general acceptability

5 years ago

The main problem of the Organization of Petroleum Exporting Countries is how to?

A. prevent members from violating their quota B. enhance the quality of petroleum product C. compete with the North Sea…

5 years ago

A glut in the world market for crude oil means?

A. a fall in crude oil production B. an excess supply of crude petroleum C. a higher crude oil price…

5 years ago

One of the dangers of the localization of industries is?

A. residual employment B. mass unemployment C. structural unemployment D. cyclical unemployment Correct Answer: Option C - structural unemployment

5 years ago