Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 526:

Which of the following is NOT a function of Nigeria commercial Banks?

SchoolNGR Classroom

A Acceptance of deposit
B Lending of money
C Investment in securities and business
D Issue of currency
E Selling and buying of travellers cheques

View Answer & Explanation

Question 527:

In Nigeria, cheques are not money because?

SchoolNGR Classroom

A Their use is confined to business houses
B There are no banks in rular areas
C They are not legal tender
D They are not generally acceptable as a medium of exchange
E Most Nigerians cannot identify them

View Answer & Explanation

Question 528:

Indicate which of the following are invisible trade items in a country’s balance of payments?

SchoolNGR Classroom

A Oil exports and imports
B Gold and foreign reserves
C Foreign investment
D Dividends and profit
E Expenditure on the shipping and tourism

View Answer & Explanation

Question 529:

Which of the following is NOT a measure for controlling inflation?

SchoolNGR Classroom

A Reduction in money supply
B Wage restraint and wage freeze
C Reduction in taxes and increase in government spending
D Price control
E Credit restriction

View Answer & Explanation

Question 530:

Which of the following is NOT a determinant of changes in supply?

SchoolNGR Classroom

A Changes in the cost of production
B Technical progress
C Weather
D Changes in the number of producers
E Changes in the number buyers

View Answer & Explanation

Stay Updated

Follow us on:

Subjects