Privatization of government-owned companies means the?
- A. relinquishing of government equility participation to private individuals
- B. recapitalization of distressed government-owned companies
- C. joint paticipation of government and private individuals
- D. commercialization and deregulation of the economy
The total money values of all goods and services produced in a country during a certain period is measured by using the?
- A. income method
- B. expenditure method
- C. output method
- D. factor method
Given: Investment = N100 million
Consumption = N200 m + 0.75Y
Y = C + I
where, Y =Income, C = Consumption and where
I = Investment
What is the income level to the nearest million?
- A. N100 Million
- B. N300 Million
- C. N1,000 Million
- D. N1,200 Million
If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by?
- A. N12 billion
- B. N15 billion
- C. N20 billion
- D. N25 billion
One of the factors which is likely to check the growth of public debts is?
- A. bridging the resources gap
- B. debt reputation
- C. debts rescheduling
- D. debt-equility swap
The greatest proportion of government revenue in Nigeria comes from?
- A. export of raw materials
- B. income taxes on individuals and business
- C. custom duties and excise duties
- D. loans and grants from industrially advanced countries
The use of legally permissible means to reduce tax liabilities is known as tax?
- A. evasion
- B. avoidance
- C. reliefs
- D. exemption
Stock and shares as well as bonds are examples of instruments used in the?
- A. commodity markets
- B. money markets
- C. capital markets
- D. security markets
Banks can create more money by?
- A. increasing its cash ratio with the Central Bank
- B. issuing more banks cheques
- C. accepting more deposits from customers
- D. lending out money from customers deposits
In commercial banking, an account from which the customer cannot withdraw money instantly is a?
- A. demand deposit account
- B. time deposit account
- C. special deposit account
- D. savings deposit account
Which of the following is inflationary?
- A. An increase in taxation
- B. An increase in savings
- C. A decrease in money supply
- D. An increase in government expenditure
The most important attribute of money is?
- A. homogeneity
- B. relative scarcity
- C. divisibility
- D. general acceptability
The main problem of the Organization of Petroleum Exporting Countries is how to?
- A. prevent members from violating their quota
- B. enhance the quality of petroleum product
- C. compete with the North Sea producers
- D. ensure viable crude reserves
A glut in the world market for crude oil means?
- A. a fall in crude oil production
- B. an excess supply of crude petroleum
- C. a higher crude oil price offered by the buyer
- D. a higher crude oil price demanded by the seller
One of the dangers of the localization of industries is?
- A. residual employment
- B. mass unemployment
- C. structural unemployment
- D. cyclical unemployment
A firm is said to have benefited from external economies in production if it has realized?
- A. a more efficient management of resources
- B. a better combination of factors of production
- C. reduced resources costs due to operation of other firms
- D. a higher profit level due to increased sales
Plywood industries are often located near the source of?
- A. finance
- B. labour
- C. power supply
- D. raw materials
What is the effect of inelastic demand for agricultural products on the income of a farmer?
- A. A price rise results in its fall
- B. A price fall results in its fall
- C. A price fall results in its rise
- D. A price rise leaves the income unchanged
The most important requirement for increasing agriculture output in Nigeria is?
- A. for the government to go into large scale farming
- B. to employ relevant foreign technology and reform the land tenure system
- C. to increase farmers'incomes and improve the farming techniques
- D. to employ more extension workers
The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?
- A. increase their output
- B. decrease their output
- C. keep their output constant
- D. hoard their output
The shares that must be redeemed first at liquidation of a company are?
- A. preference shares
- B. non-voting ordinary shares
- C. ordinary shares
- D. debentures