Question 1 of 20 1,723 total questions
The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is
A total interest payment
B net income generated internally
C total national savings
D net income from abroad
Amount proposed for payment of wages and salaries in a budget is regarded as part of
A recurrent expenditure
B direct investment
C recurrent revenue
D capital receipts
A cheque book is issued to customers of a bank operating a
A savings account
B time deposit account
C current account
D fixed deposit account
The motive for holding money for investing in securities is referred to as
A transactionary
B speculative
C accumulation
D deflationary
One way to solve the economic problem of inflation in a country is by increasing the
A supply of commodities
B supply of currency
C salaries of workers
D demand for commodities
The tendency for prices to rise while the value of money fall is known as
A bills of exchange
B inflation
C depreciation
D deflation
The policy of government to increase the supply of money to meet its own expenditure plans is likely to be
A speculative
B deflationary
C inflationary
D contractionary
Which of the following is a legal tender in West Africa?
A Treasury Bill
B Share
C Credit card
D Currency
The equilibrium level of output of a monopolist is determined at a point where
A marginal cost equals average revenue
B marginal cost equals acerage cost
C marginal cost equals marginal revenue
D marginal revenue equals average cost
advertising expenses would not be necessary under perfect competition because
A consumers would have complete knowledge of goods
B cost of production would be at the maximum level
C every firm would enjoy the benefits of large scale production
D income of the consumers in the community would be high
For a monopolist, the average revenue (AR) curve is
A above the total curve
B the same as the marginal cost curve
C above the marginal revenue curve
D the same as that of the perfect competitor
which of the following is not a reason for establishing public enterprises?
A discouraging investors
B opening up neglected parts of the country
C effective control of a natural monopoly
D rapid economic development
buying and selling of shares is a function performed mostly by the
A insurance companies
B stock exchanges
C merchant banks
D discount houses
The total amount of money raised by a company through issuance of shares to the public is
A debentures
B nominal capital
C ordinary shares
D paid-up capital
The main difference between a private and a public enterprises is the
A amount of profit realized
B mode of operation
C objective of the business
D ownership structure
A debenture holder is entitled to payment in the form of
A allowance
B interest
C salary
D donation
The mechanism which allows the price of a commodity to be fixed either above or below the equilibrium is known as
A monopolistic competition
B price discrimination
C perfect competitive market
D price control
the market price of a commodity is normally determined by the
A law of demand
B interaction of the force of demand and supply
C total number of people in the market
D total quantity of the commodity in the market
when the quantity of a commodity supplied increases and the quantity demanded decreases , there will be
A a rise in price
B no change in price
C price fluctuation
D a fall in price
In the normal market situation , when the price of a commodity rises the
A demand for the commodity will rise
B demand for the commodity will fall
C supply of the commodity will be constant
D supply of the commodity will fall
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