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Tuesday, 07 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 921:
Which of the following is a direct tax?
  • A Sales tax
  • B Purchase tax
  • C Export duties
  • D Property tax
View Answer & Explanation
Question 922:
Which of the following would most likely be considered an example of benefit taxation?
  • A Excise tax
  • B Corporate income tax
  • C Property tax
  • D Highway-user tax
View Answer & Explanation
Question 923:
When a nation is experiencing balance of payment surplus, it is in a better position to?
  • A Increase its foreign exchange reserves
  • B Increase its liabilities to foreigners
  • C Reduce its foreign exchange reserves
  • D Devalue its national currency
View Answer & Explanation
Question 924:
Which of the following is a good example of invisible item on balance of payments account?
  • A Shipping and aviation
  • B Export and imports
  • C Merchandise
  • D Bullion
View Answer & Explanation
Question 925:
Deficit financing is mostly facilitated by the existence of?
  • A Stock exchange market
  • B Commercial bank
  • C Central bank
  • D Capital market
View Answer & Explanation