If Nigeria’s composite price index in 1999 was 140.03% in 2000; the rate of inflation in 2000 was?
A. 4.02% B. 2.10% C. 2.06% D. 1.03% Correct Answer: Option D – 1.03%
The commercial banks differ from non-bank financial institutions because they?
A. Accept deposits withdrawable by cheque B. Mobilize savings C. Invest surplus funds D. Contribute to economic development Correct Answer: Option A – Accept deposits withdrawable by cheque
The best method of production in an under populated country is?
A. Labour-extensive B. Land-intensive C. Capital-intensive D. Labour-intensive Correct Answer: Option C = Capital-intensive
One of the reason for an exceptional demand curve is the?
A. expectation of a future change in price B. availability of credit facilities C. change in the price of the commodity D. availability of substitutes Correct Answer: Option A – expectation of a future change in priceProducts
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