Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 461:

Which of these is not usually the function of a wholesaler?

SchoolNGR Classroom

A Transport
B Storage
C Advertising
D After-sale services
E Branding

View Answer & Explanation

Question 462:

Net national income is

SchoolNGR Classroom

A Gross national income minus depreciation
B Gross domestic product plus net income from abroad
C Nominal national income divided by the price level
D Gross national income divided by the total population
E Gross national product plus subsidies minus indirect taxes

View Answer & Explanation

Question 463:

If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is

SchoolNGR Classroom

A Progressive
B Indirect
C Regressive
D Proportional
E None of the above

View Answer & Explanation

Question 464:

Which of the following is not an asset of a commercial bank?

SchoolNGR Classroom

A Cash
B Money at call
C Treasury bills
D Reserve funds
E Loans and over-draft

View Answer & Explanation

Question 465:

The lowering of the exchange rate between country's currency and other currencies is known as

SchoolNGR Classroom

A The foreign exchange rate
B Deflation
C Exchange control
D The law of comparative advantage
E None of the above

View Answer & Explanation

Stay Updated

Follow us on:

Subjects