Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 1061:

A characteristic of a debenture is that?

SchoolNGR Classroom

A Its yeild is based on profits
B Its yeild is a fixed rate of interest
C It has no redemption date
D There is a voting right when interest is paid

View Answer & Explanation

Question 1062:

Industries tend to be located closer to market centers than to the sources of major raw materials if the?

SchoolNGR Classroom

A Products are relatively cheap to transport to market centers
B Products are relatively more expensive to transport than the major raw materials
C Raw marterials are bulky
D Raw marterials can also be imported

View Answer & Explanation

Question 1063:

One disadvantage of trade by barter is that?

SchoolNGR Classroom

A People are happier when they exchange the same quantities of goods through the medium of money rather than by barter
B The person wishing to buy good X may not have good Y which is what the other wants
C One person must always be cheated when trade takes place by barter
D It increases the intial cost of producing goods

View Answer & Explanation

Question 1064:

One of the functions of Development Banks is to

SchoolNGR Classroom

A Mint money for the development of the economy
B Provide short-term loans to commercial banks
C Provide medium and long-term finance for the development of the banking system
D Provide medium and long-term finance for the development of the economy

View Answer & Explanation

Question 1065:

To perform its function as a store of wealth and standard for deferred payment, money must be

SchoolNGR Classroom

A Portable
B In attractive form
C Stable in value
D Spent more on capital goods than on consumer goods

View Answer & Explanation

Stay Updated

Follow us on:

Subjects