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Economics Past Questions and Answers

Economics Questions

Question 3241:
Which of the following is not a reason for holding money?
  • A Ostentation
  • B Speculations
  • C Transactions
  • D Precautionary
View Answer & Explanation
Question 3242:
The best way of combating demand-pull inflation is to
  • A Increase income taxes
  • B Reduce income taxes
  • C Increase import duties
  • D Increase salaries and wages
View Answer & Explanation
Question 3243:
In which of the following ways has inflation adversely affected your country’s economy?
  • A Increase in money supply
  • B A fall in real income
  • C Appreciation in the value of money
  • D Increased employment
View Answer & Explanation
Question 3244:
Which of the following is a legal tender?
  • A Bank notes
  • B Bank overdrafts
  • C Bills of exchange
  • D Money order
View Answer & Explanation
Question 3245:
The Central Bank controls money supply through all the following except
  • A Lending to the publics
  • B Bank rate
  • C Legal reserve requirements
  • D Open market operation
View Answer & Explanation