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Economics Past Questions and Answers

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Economics Questions

Question 4226:

Which of the following is NOT a cause of inflation?

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A Excessive bank lending
B Excessive deficit financing
C Increase in domestics productivity
D Increase in wages and salaries of workers
E Increase in government expenditure

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Question 4227:

One of the following is NOT a reason for increase in public expenditure

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A Decrease arising from public debt and its servicing
B Increase in capital expenditure to provide social services
C Increase financial commitment for defence and security
D Increase in recurrent expenditure with regard to wages and salary paid to public servant
E Returns on viable public corporation

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Question 4228:

Which of the following is a motive for holding money?

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A Celebration
B Daily purchases
C Election campaign
D Payment of taxes

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Question 4229:

Price legislation means ____________

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A Directing market specialist to fix prices
B Interplay of either demand or supply
C Producers are prices givers
D Regulating the price system by the government
E The use of market forces

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Question 4230:

Which of the following is NOT a function of taxation?

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A Make few people rich in the country
B Raise revenue for the government
C Redistribution of income
D Reduces production and consumption of harmful goods
E Used as anti-inflationary device

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