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Economics Past Questions and Answers

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Economics Questions

Question 966:

The stock exchange market is where?

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A Businessmen borrow some capital
B The federal government trades on treasury bills
C Existing bonds and stocks are traded
D New stocks and shares are bought or sold

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Question 967:

Commercial bank reserves at the Central Bank have the effect of?

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A Controlling credit and money supply
B Discouraging banking operations
C Advancing trade prospects
D Reducing bank frauds

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Question 968:

A tax is defined as regressive if?

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A The proportion of income paid as tax increase as the income level increases
B All income group pay the same percentage of their income as tax
C The proportion if income taen by the tax falls as income increases
D The proportion of income taken by the tax is a fixed nominal amount of income for all income groups

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Question 969:

Government intervention in an economy is often justified on the group that?

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A Wants are unlimited while resources are scarce
B Productivity is higher in the public than in the private sector
C Free market may not work, or produce desirable results
D Opportunity cost of government expenditure is zero

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Question 970:

The three groups of government revenue are?

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A Investment income, direct tax and indirect tax
B Imports duties, excise tax and export duties
C Company tax, personal income tax and import duties
D Company tax, import duties and excise tax

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