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Economics Past Questions and Answers

Economics Questions

Question 3246:
One of the functions of the Central Bank is
  • A Production of goods
  • B Issuing of currency
  • C Presenting budgets
  • D Printing of cheque books
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Question 3247:
The function of the Central Bank as the lender of last resort means that when all other sources fail,
  • A The consumer can always borrow money from the Central Bank
  • B The government can ask the Central Bank to print more money
  • C Commercial banks can raise loans from the Central Bank
  • D Commercial banks can deposit money with the Central Banks
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Question 3248:
One disadvantages of direct taxes is that they
  • A Allocate scarce resources
  • B Are not rigid
  • C Can be progressive
  • D Can be evaded
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Question 3249:
Excise duty is levied on
  • A The total population
  • B Local products
  • C Luxury goods
  • D The working population
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Question 3250:
A component of the national debt of a country is
  • A Taxation
  • B Bank saving
  • C The budget
  • D Treasury bills
View Answer & Explanation