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Economics Past Questions and Answers

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Economics Questions

Question 1321:

The main problem of the Organization of Petroleum Exporting Countries is how to?

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A Prevent members from violating their quota
B Enhance the quality of petroleum product
C Compete with the North Sea producers
D Ensure viable crude reserves

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Question 1322:

The most important attribute of money is?

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A Homogeneity
B Relative scarcity
C Divisibility
D General acceptability

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Question 1323:

Which of the following is inflationary?

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A An increase in taxation
B An increase in savings
C A decrease in money supply
D An increase in government expenditure

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Question 1324:

In commercial banking, an account from which the customer cannot withdraw money instantly is a?

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A Demand deposit account
B Time deposit account
C Special deposit account
D Savings deposit account

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Question 1325:

Banks can create more money by?

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A Increasing its cash ratio with the Central Bank
B Issuing more banks cheques
C Accepting more deposits from customers
D Lending out money from customers deposits

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