Economics Past Questions and Answers

The money market is a financial market that specializes in the provision of?

A Short-term loans
B Medium-term loans
C Long-term loans
D Venture capital for development projects

Question 27:

Which of the following programmes in the monetary sector is aimed at enhancing the banking habit of the rural areas?

A The deregulation of the banking system
B The increase in the number of merchant banks
C The community banking scheme
D The deregulation of interest rate

Question 28:

The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit?

A N 100 000
B N 800 000
C N 1000 000
D N 8000 000

Question 29:

Economic development is distinguishable from economic growth because the former?

A Is not concerned with growth parameters
B Affects only the poor people
C Also includes an efficient distribution of economic growth
D Is an increase in the production of goods and services

Question 30:

Which of the following can be considered as being outside the objectives of public finance?

A The allocation of resources to various sectors of the economy
B The objective of even distribution of income and wealth
C The achievement of economic stability
D The deregulation of the economy