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Economics Past Questions and Answers

Economics Questions

Question 4981:
Commercial banks facilitate trade through:
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  • A Currency printing
  • B Credit and payment services
  • C Monetary regulation
  • D Fiscal policy control
View Answer & Explanation
Question 4982:
GDP differs from GNP because GDP focuses on:
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  • A Production within the country
  • B Population size changes
  • C Income earned by citizens abroad
  • D Foreign investment activities only
View Answer & Explanation
Question 4983:
Supply is perfectly inelastic when:
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  • A Quantity supplied changes greatly
  • B Prices remain permanently stable
  • C Quantity supplied remains unchanged
  • D Producers expand output rapidly
View Answer & Explanation
Question 4984:
Which bank mainly serves as custodian of government funds?
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  • A Commercial bank
  • B Central bank
  • C Community bank
  • D Merchant bank
View Answer & Explanation
Question 4985:
Which type of elasticity is used to study substitute goods?
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  • A Price elasticity supply
  • B Income elasticity demand
  • C Cross elasticity demand
  • D Marginal elasticity theory
View Answer & Explanation

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