Economics Past Questions and Answers

(a) Explain the following strategies of industrialization: <br/>(i) import substitution (ii) export promotion <br/>(b) Highlight any four objectives of industrial development programmes in your country.

(a) Explain the following: (i) Peasant farming (ii) commercial farming (iii) State farming <br/>(b) In what two ways will increased commercial farming contribute to the development of the economy of your country?

(a) What is (i) commodity money? (ii) token money? (iii) fiduciary issue? (iv) quasi money? <br/>(b) State any four functions of money.

(a) What are the sources of government revenue?<br/>(b) How does a government finance its budget deficit?

The three principal economic unit in any system are