Question 1 of 20 2,540 total questions
in equilibrium, injections are equal to?
A withdrawals
B surplus of imports over exports
C government spending
D wages
Disposable income is an income which?
A is available for consumption and savings
B pensioners receive from the government
C is payable to the disable members of the community
D accures to the environmental sanitation authorites for refuse disposal
The system of measurement of national income as the sum of all final demands is called?
A income approach
B expenditure approach
C value-added
D final demands approach
If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
A N1,000 000.00
B N4,000 000.00
C N6,000 000.00
D N14,000,000.00
If birth rate is constant and death rate declines, population?
A falls
B expands
C stabilizes
D oscilates
Which of the following is likely to hinder labour mobility in Nigeria?
A Higher wages elsewhere
B Cultural similarities
C Good accommodation elsewhere
D Ignorance of job opportunities elsewhere
Import duties will increase total expenditure on imports if the demand for imports is?
A elastic
B inelastic
C infinitely elastic
D derived
Which of the following is a tariff?
A Limit on the amount of goods which can be imported
B Inteest rate on foreign loans
C Government payment to domestic producers for exports
D Tax on imported goods
Which of the following is likely to reduce a surplus in the balance of payments of a country?
A Devaluation
B Increased tariff on imports
C Export promotion
D Currency appreciation
Balance of trade is the difference between?
A exports and imports of goods and services
B capital inflows and capital outflows
C visible and invisible balances
D exports and imports of goods
Under a system of freely floating exchange rates an increase in the international value of a country's currency will cause?
A its exports to rise
B its imports to rise
C gold to flow into that country
D its currency to be in surplus
A tax on a commodity whose supply is perfectly inelastic is?
A shifted completely on the consumer
B completely borne by the supplier
C dividend in the ratio 60;40 between the consumer and the supplier
D divided half-and-half between the producer and the consumer
Which of the following is a liability of a commercial bank?
A Deposits in bank
B loans made by the bank to individuals
C loans made by the bank to other banks
D Bonds purchased by the bank
Find the total credit that the banking system can create if primary deposit is just N100.00 while the cash ratio is 20%
A 700.00
B 600.00
C 500.00
D 400.00
The basic purpose of imposing legal reserve requirements on commercial bank is to?
A assure the profitability of commercial banks
B provide a device through which credit creation by banks can be controlled
C provide a proper ratio between earning and non-earning bank assets
D provide the Central Bank with working capital
Which of the following is likely to be inflationary?
A Tax increase
B increase in unemployment
C Budget surplus
D Wages increase
If the same basket of goods which cost N12.00 in 1985 cost N15.00 in 1987, price index for 1987 is?
Which of the following will be the effect of allowing only economic factors to dedicate the location of industries in Nigeria?
A A more even development of the different parts of the country will be assured
B There will be an unbalanced spread in the distribution of industries
C The less developed parts of the country will be able to attract more industries
D Only the government will be able to finance the establishment of industries
Which of the following factors is the most important in siting a petrol-chemical plants?
A Nearness to the source of raw materials
B Nearness to the source of power
C Availability of labour
D Proximity to financial institutions
Capital provided by individuals to the firm by purchasing stocks is called?
A debt capital
B fixed capital
C circulating capital
D equlity capital
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