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Saturday, 11 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2711:
One disadvantage of inflation is that?
  • A Fixed income earners gain
  • B Fixed income eaners lose
  • C Businessmen lose
  • D Standard of living rises
View Answer & Explanation
Question 2712:
Short-term loans can be sourced from
  • A The central banks
  • B Development banks
  • C Mortgage banks
  • D Commercial banks
View Answer & Explanation
Question 2713:
if there is an increase in wages and salaries without corresponding increase in the supply of goods and services, the situation will lead to
  • A A reduction in aggregate demand
  • B Inflation
  • C Depression
  • D Budget surplus
View Answer & Explanation
Question 2714:
public expenditure can be financed from all the following sources except the
  • A Borrowing
  • B Grant-in-aid
  • C Royalties and rent
  • D Mobilization fees
View Answer & Explanation
Question 2715:
which of the following is a direct tax
  • A Import duty
  • B Export duty
  • C Capital gain tax
  • D Sales tax
View Answer & Explanation