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Economics Past Questions and Answers

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Economics Questions

Question 611:

The chief sources of Federal Government revenue in Nigeria are?

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A Import duties, petroleum, import tax, profit tax, royalties and government dividends
B Personal income tax, excise tax and vehicle licenses
C Export duties, personal income tax and royalties
D Property income, sales tax and excise tax
E Import duties, sales tax and poll tax

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Question 612:

Function of commercial banks do NOT include?

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A Lending with interest charges
B Carrying out transactions on behalf of customers
C Expansion of money supply
D Keeping of security document s for customers
E Printing of currency

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Question 613:

Monetary policy does NOT involve

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A Increasing the import duties
B Buying or selling treasury bills by the Central Bank
C Printing of more currency note
D Increasing or decreasing cash reserve ratio by the Central Bank
E Raising the level of interest

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Question 614:

In an economy, if the proportion of people who are below 18 years is 40% and those above 60 years is 30% what would this imply? the

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A Dependency ratio is high
B Population is optimum
C Ratio of females to males is high
D Population is growing at less than equilibrium
E Population is growing according to Malthus theory

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Question 615:

Which is considered the most effective tool by which the Central Bank of Nigeria can control the activities of commercial banks?

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A Open market operation
B Reserve requirements
C Bank rate
D Directives
E Special deposits

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