economics

Balance of payment deficit can be corrected by?

A. purchasing foreign assets B. accumulating foreign reserves C. export promotion measures D. import promotion measures Correct Answer: Option C…

6 years ago

Which of the following is associated with the development of petroleum industry in Nigeria?

A. Neglect of agriculture B. increase in population growth C. increase in the rate of unemployment D. decrease in the…

6 years ago

An ad volarem tax refers to a tax?

A. imposed on exports B. on goods manufactured in the country C. based on the value of the commodity D.…

6 years ago

A greater burden of tax on a product with high price elasticity of demand rests mainly on the?

A. producer B. teacher C. civil servant D. middlemen Correct Answer: Option A A. producer

6 years ago

Tax evasion means?

A. postponing the payment of tax B. tax payment according to the ability to pay C. making a false declaration…

6 years ago

public expenditure can be financed from all the following sources except the?

A. borrowing B. grant-in-aid C. royalties and rent D. mobilization fees Correct Answer: Option D D. mobilization fees

6 years ago

If there is an increase in wages and salaries without a corresponding increase in the supply of goods and services, the situation will lead to?

A. a reduction in aggregate demand B. inflation C. depression D. budget surplus Correct Answer: Option B B. inflation

6 years ago

Short-term loans can be sourced from?

A. the central banks B. development banks C. Mortgage banks D. commercial banks Correct Answer: Option D D. commercial banks

6 years ago

One disadvantage of inflation is that?

A. fixed income earners gain B. fixed income earners lose C. businessmen lose D. standard of living rises Correct Answer:…

6 years ago

Commercial banks settle their daily interbank indebtedness through the?

A. money market B. finance House C. acceptance house D. Clearing House Correct Answer: Option D D. Clearing House

6 years ago