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Wednesday, 01 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3641:
The function that distinguishes commercial banks from the central bank is that the former
  • A Is a lender of last resort
  • B Accepts deposits from the public
  • C Services the public debt
  • D Regulates foreign exchange
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Question 3642:
Direct taxes include?
  • A Excise duty
  • B Ad valorem tax
  • C Specific tax
  • D Capital gain tax
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Question 3643:
The control of aggregate demand through changes in government spending and tax rates is referred to as?
  • A Monetary policy
  • B Government policy
  • C Income policy
  • D Fiscal policy
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Question 3644:
which of the following is not a feature of economic underdevelopment
  • A Monocultural economy
  • B High productivity
  • C Low life expectancy
  • D Income inequality
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Question 3645:
one way of speeding up the economic development of a country is by encouraging
  • A The consumption of consumer goods
  • B Early marriage
  • C The importation of more consumer goods
  • D Savings and investment
View Answer & Explanation