economics

Which of the following is not a major problem of development?

A. shortage of skilled manpower B. inadequate data for planning C. political instability D. poor identification of projects Correct Answer:…

6 years ago

Which is the following is a cause of under-development in West Africa?

A. Availability of manpower B. increasing population C. high rate of capital formation D. large size of market places Correct…

6 years ago

Fiscal policy that can control inflation will include the use of?

A. balanced budgeting B. tax holidays C. budget deficit D. budget surplus Correct Answer: Option C C. budget deficit Explanation…

6 years ago

Indirect taxes are generally?

A. progressive B. regressive C. equitable D. proportionate Correct Answer: Option B B. regressive Explanation Indirect taxes: An indirect tax…

6 years ago

The stock market is a market for?

A. new and second-hand shares B. debentures C. goods and services D. short terms securities Correct Answer: Option A A.…

6 years ago

Which of the following financial institutions cannot be found on the capital market of a country?

A. commercial bank B. mortgage bank C. stock exchange D. Agricultural bank Correct Answer: Option D D. Agricultural bank Explanation…

6 years ago

Cost-push inflation is likely to arise when?

A. there is an increase in banking lending B. there is an increase in subsidies C. stock exchange D. rise…

6 years ago

During Inflation, the interest rate will?

A. rise B. flunctuate C. remain constant D. fall Correct Answer: Option D D. fall Explanation Inflation is simply a…

6 years ago

A banknote is said to be a legal tender because it is?

A. printed by the government B. a store of value C. signed by the head of state D. backed by…

6 years ago

Which of the following items is not included in the measurement of the national income using the income approach?

A. wages and salary B. government purchases C. interest D. dividend Correct Answer: Option B B. government purchases Explanation The…

6 years ago