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Economics Past Questions and Answers

Neco Economics Questions

Question 86:

A tax system which takes lesser percentage of a tax payers income as his income increase is known as ____________

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A Direct tax
B Indirect tax
C Progressive tax
D Proportional tax
E Regressive tax

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Question 87:

Efficiency of labour implies ____________

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A Education and training
B Good working condition
C Healthier workforce
D Increased productivity worker accompanied by improvement in the quality of output
E The amount of incentives or remuneration given to workers

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Question 88:

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 89:

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 90:

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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