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Wednesday, 08 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3011:
where the burden of a tax finally rests is called
  • A Tax object
  • B Tax rate
  • C Incidence of taxation
  • D System of taxation
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Question 3012:
An increase in the quantity of goods and services produced in a country which raises her national income is known as
  • A Economic development
  • B Economic growth
  • C Domestic investment
  • D Productivity
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Question 3013:
The formula index of export prices/index of import prices * 100 <br/>is used to measure the
  • A Volume of trade between countries
  • B Direction of internatrional trade
  • C Commodity terms of trade
  • D Volume of imports
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Question 3014:
which of the following is an invisible term?
  • A Banking services
  • B Petroleum products
  • C Processed rice
  • D Processed milk
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Question 3015:
In an attempt to correct a deficit balance of payment, a country may decide to increase
  • A Domestic production
  • B Imports
  • C Domestic expenditure
  • D Tax on infant industry
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