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Economics Past Questions and Answers

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Economics Questions

Question 406:

The largest liability appearing in the book of a commercial bank is

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A Cash
B Deposits
C Loans and advances
D Capital and reserves
E Treasury bills

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Question 407:

The Lagos clearing house is

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A A commodity market
B An import licensing centre
C Another name for the Lagos stock exchange
D An insurance and underwriting centre
E A cheque sorting centre

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Question 408:

The biggest source of government revenue in Nigeria is

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A Mining, rents and royalties
B Company income tax
C Import duties
D Export duties
E Petroleum profit tax

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Question 409:

An increase in liquid reserve requirements by the central bank of Nigeria will result in

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A A reduction in commercial banks' excess reserves
B More commercial bank loan to members of the public
C An increase in commercial banks excess reserves
D No change in commercial banks excess reserves
E A reduction in central banks gold reserves

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Question 410:

A distinguishing characteristics of a consumers' cooperative is the fact that

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A The customers are the owners
B The customers are the workers
C The customers are the managers
D The customers are low income people
E The customers are high income people

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