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Economics Past Questions and Answers

Economics Questions

Question 1121:
The total amount of money in circulation includes cash?
  • A And current account
  • B Owned by banks and the non-bank public
  • C And current acount balances owned by banks and non-bank public
  • D Owned by banks, the government and the non-bank public
View Answer & Explanation
Question 1122:
To reduce the high rate of inflation in the economy, the government should?
  • A Increase taxes and have a budget surplus
  • B Increase taxes and have a budget defilicit
  • C Decrease taxes and have a budget defilicit
  • D Decrease taxes and have a balance budget
View Answer & Explanation
Question 1123:
When interest rates are high and still rising the least-cost method used by public limited companies to obtain additional funds for their operations is by?
  • A Obtaining life-term loans from merchant banks
  • B Obtain short-term loans from commercial banks
  • C Selling floating-rate debenture stocks to the general public
  • D Selling new ordinary shares to the general public
View Answer & Explanation
Question 1124:
The objective of public finance is to promote?
  • A Full employment, national income and price stability
  • B Government revenue drive and expenditure to as high a level as possible
  • C The expansion of government social services
  • D Government revenue drive and minimize government expenditure
View Answer & Explanation
Question 1125:
An account from which allocations are made to the three tier of government in Nigeria is called the?
  • A National Income Account
  • B Public Sector
  • C Federation account
  • D National Revenue Mobilization Account
View Answer & Explanation