Question 1 of 20 145 total questions
Which of the following is an example of direct tax?
A import duties
B income tax
C export duties
D purchase tax
If tax takes a large proportion of the income of people with lower income, the tax is
A progressive
B proportional
C regressive
D investment
Which of the following institutions assists the government in managing the national debt?
A Commercial banks
B The Central banks
C The capital market
D The World bank
A foreign exchange market deals in
A treasury bills
B currencies
C government bonds
D commodities
A non-bank financial intermediary which is regarded as a pool of risks is the
A co-operative society
B stock exchange
C insurance company
D post office
which of the following financial institutions was originally known as a Building Society?
A Development banks
B insurance company
C Mortgage banks
D merchant banks
which of the following is true under rapid inflation? People
A demand less foreign exchange
B set up businesses
C rush to pay their taxes
D hardly wants to lend money
The value of money is generally measured in relation to the
A interest rate charged on the bank loans
B general price level
C size of a country's gold stock
D volume of imports
Long-term loans can be secured from
A Commercial banks
B discount houses
C development banks
D acceptance houses
A certain amount of money is needed for everyday expenditure like buying of goods, transportation and others. This is
A transaction demand for money
B precautionary demand for money
C derived demand for money
D speculative demand for money
The most important quality of money is that it must be
A relatively scarce
B generally acceptable
C portable
D durable
To promote the development of agricultural sector, government of West African countries should
A encourage rural-urban drift
B discourage foreign investment in agriculture
C support the marketing of farm produce
D reduce tarrif of food imports
An example of a producer goods is a
A tin of milk
B hammer
C loaf of bread
D shirt
A negative effect of the presence of a large number of middlemen in the distributive network is
A greater variety of goods
B greater quality of goods
C lower price of goods
D higher price of goods
which of the following is a middleman in the chain of distribution?
A An entrepreneur
B a producer
C a banker
D a retailer
the return of investment that is just sufficient to satisfy the owner of a business is called?
A economic profit
B business profit
C normal profit
D excess profit
The main objective of privatizing a government business is to
A create additional employment
B increase expenditure
C source for new funds
D increase the level of efficiency
The practice whereby a business is owned by two or more independent firms is termed
A indigenization
B joint venture
C commercialization
D foreign investment
when a firm is nationalized ,
A former owners are removed without compensation
B it has the right o draw on state funds for capital investment
C it must break even within a specific period
D workers take control of the firm
which of the following is a characteristics of monopoly
A many sellers
B Homogenous commodity
C a single seller
D Perfect knowledge
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