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Wednesday, 08 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3001:
The motive for holding money for investing in securities is referred to as
  • A Transactionary
  • B Speculative
  • C Accumulation
  • D Deflationary
View Answer & Explanation
Question 3002:
A cheque book is issued to customers of a bank operating a
  • A Savings account
  • B Time deposit account
  • C Current account
  • D Fixed deposit account
View Answer & Explanation
Question 3003:
Amount proposed for payment of wages and salaries in a budget is regarded as part of
  • A Recurrent expenditure
  • B Direct investment
  • C Recurrent revenue
  • D Capital receipts
View Answer & Explanation
Question 3004:
The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is
  • A Total interest payment
  • B Net income generated internally
  • C Total national savings
  • D Net income from abroad
View Answer & Explanation
Question 3005:
which of the following agricultural system is mainly for the cultivation of food crops for family consumption?
  • A Co-operative farming
  • B Commercial farming
  • C Subsistence farming
  • D Plantation farming
View Answer & Explanation