economics

The tax whose rate increase as the level of income increases is known as?

A. regressive tax B. proportional tax C. progressive tax D. company tax Correct Answer: Option C C. progressive tax

6 years ago

Which of the following is a direct tax?

A. import duties B. purchase tax C. export duties D. personal income tax Correct Answer: Option D D. personal income…

6 years ago

Government of West African countries levies taxes to?

A. prevent prices from falling B. make people richer C. limit the number of banks D. finance government projects Correct…

6 years ago

The most common index for measuring developments is?

A. the level of illiteracy B. the per capita income C. nutritional level D. population growth rate Correct Answer: Option…

6 years ago

Which of the following is part of the capital account of the balance of payments?

A. Net investment from abroad B. import of machinery C. insurance D. transportation cost Correct Answer: Option A A. Net…

6 years ago

Invisible trade refers to trade-in?

A. services B. goods and services C. tangible goods D. crude oil Correct Answer: Option A A. services

6 years ago

Precautionary motive relates to?

A. demand for money B. demands for goods C. supply of money D. supply of goods Correct Answer: Option A…

6 years ago

The most important function of merchant banks is the?

A. issuing of currency B. provision of short term loans C. provision of medium and long term loans D. provision…

6 years ago

Cost-push inflation is likely to raise when?

A. there is an increase in government spending B. there is an increase in direct taxes C. demand for higher…

6 years ago

Which of the following is the function of a central bank?

A. accepting deposits from the public B. lending to the commercial banks C. discounting bills of exchange D. agent of…

6 years ago