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Thursday, 23 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 171:
Which of the following is correct?
  • A Traditional budgeting focuses on goals and objectives
  • B Zero based budgeting produces a single level of appropriation for an activity
  • C Traditional budgeting starts with last funding appropriation
  • D Zero based budgeting does not systematically consider alternatives to current operations
View Answer & Explanation
Question 172:
Localization of industry is encouraged because of ________
  • A Low interest charges on loans
  • B Improvements in infrastructure
  • C Low foreign exchange rate
  • D High standard of living
View Answer & Explanation
Question 173:
Which of the following is an indirect tax?
  • A Poll tax
  • B Personal income tax
  • C Company tax
  • D Excise duties
View Answer & Explanation
Question 174:
Which of these is a type of partnership in business?
  • A Limited partnership
  • B Limited liability company
  • C Private partnership
  • D Joint stock partnership
View Answer & Explanation
Question 175:
Which of the following is NOT a source of government revenue?
  • A Grants, aids and borrowing
  • B Taxes, fees, licenses and fines
  • C Interest, dividends, profits and earnings
  • D Personal income, disposable income and transfer earnings
View Answer & Explanation