Search SchoolNGR

Economics Past Questions and Answers

[share]

Waec Economics Questions

Question 206:

Which of the following is not a negative effect of inflation

SchoolNGR Classroom

A Lenders earn less
B Pensioneers and salary earners on fixed income suffer
C Exports tends to decline
D Savings are discouraged
E Borrowers tends to gain

View Answer & Explanation

Question 207:

Which of the following is not function of central bank

SchoolNGR Classroom

A Banker to the Government
B Banker's bank
C Acceptance of deposit from the public
D Responsibility for monetary policy
E Lenders of last resort

View Answer & Explanation

Question 208:

Proportional tax is a tax whose

SchoolNGR Classroom

A Percentage rate remains constant as the tax base increases
B Percentage base increases as the tax base increases
C Percentage rate decreases as the tax rate increases
D Percentage rate fluctuates as the tax base increases
E Burden falls heavily on consumer

View Answer & Explanation

Question 209:

the largest part of the revenue of a country is derived from

SchoolNGR Classroom

A Direct taxation
B Indirect taxation
C Excise duties
D Company taxes
E Non-tax revenue

View Answer & Explanation

Question 210:

which of the following is not a good reason for the importation of agriculture in West African countries? it

SchoolNGR Classroom

A Employs about 60% of the people
B Provides the highest tax revenue
C Is a major foreign exchange earner in most of the countries
D Provides the raw materials for all import-substitution industries
E Provide raw materials only for foreign industries

View Answer & Explanation

Stay Updated

Follow us on:

Subjects