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Economics Past Questions and Answers

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Economics Questions

Question 1016:

Which of the following is a liability of a commercial bank?

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A Deposits in bank
B Loans made by the bank to individuals
C Loans made by the bank to other banks
D Bonds purchased by the bank

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Question 1017:

A tax on a commodity whose supply is perfectly inelastic is?

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A Shifted completely on the consumer
B Completely borne by the supplier
C Dividend in the ratio 60;40 between the consumer and the supplier
D Divided half-and-half between the producer and the consumer

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Question 1018:

Under a system of freely floating exchange rates an increase in the international value of a country's currency will cause?

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A Its exports to rise
B Its imports to rise
C Gold to flow into that country
D Its currency to be in surplus

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Question 1019:

Balance of trade is the difference between?

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A Exports and imports of goods and services
B Capital inflows and capital outflows
C Visible and invisible balances
D Exports and imports of goods

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Question 1020:

Which of the following is likely to reduce a surplus in the balance of payments of a country?

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A Devaluation
B Increased tariff on imports
C Export promotion
D Currency appreciation

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