which of the following is a direct tax
- A. import duty
- B. export duty
- C. capital gain tax
- D. sales tax
public expenditure can be financed from all the following sources except the
- A. borrowing
- B. grant-in-aid
- C. royalties and rent
- D. mobilization fees
if there is an increase in wages and salaries without corresponding increase in the supply of goods and services, the situation will lead to
- A. a reduction in aggregate demand
- B. inflation
- C. depression
- D. budget surplus
Short-term loans can be sourced from
- A. the central banks
- B. development banks
- C. Mortgage banks
- D. commercial banks
One disadvantage of inflation is that?
- A. fixed income earners gain
- B. fixed income eaners lose
- C. businessmen lose
- D. standard of living rises
commercial banks settle their daily interbank indebtedness through the
- A. money market
- B. finance House
- C. acceptance house
- D. Clearing House
The situation in which there is persistent fall in the general price level is referred to as
- A. devaluation
- B. depreciation
- C. deflation
- D. inflation
which of the following is the most liquid asset?
- A. Bank notes
- B. Silver
- C. Bank deposit
- D. cheques
The quantity theory of money states that a reduction in the quantity of money in circulation would bring about
- A. a geometrical fall in prices
- B. a proportionate fall in prices
- C. a rise in prices
- D. an unequal fall in prices
Money is demanded for which of the following reasons?
- A. to meet unforseen contigencies
- B. to solve the problem of inflation
- C. it is easily divisible
- D. it is portable
One of the function of money is
- A. double coincidence of wants
- B. unit of accounts
- C. indivisibility
- D. making payment through banks only
In a public corporation , the risks of business are borne by the
- A. workers
- B. tax payers
- C. board members
- D. treasury
The reward for a shareholdership of a company is
- A. wages
- B. interest
- C. dividends
- D. profit
Which of the following is not a condition for a perfect market?
- A. homogenous commodity
- B. ignorance of consumers
- C. perfect information
- D. free entry and exit
The monopolist power can be controlled by the government through
- A. labour union
- B. price legislation
- C. import restrictions
- D. export promotion
which of the following is not a trade union in Nigeria?
- A. Nigerian Labour Congress
- B. Academic Staff Union of Universities
- C. Nigerian Ecoonomic Society
- D. Nigerian Union of Journalists
When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being
- A. indigenized
- B. restructured
- C. privatized
- D. commercialized
Which of the following business units can issue shares?
- A. Sole trader
- B. private limited companies
- C. Central Banks
- D. Super market
Industries are not sited in most rural areas of Nigeria because ?
- A. of inadequate basic infrastructure
- B. they lack raw materials
- C. there is no appropriate government policy
- D. the climate is not conducive
monocultural agriculture means
- A. the cultivation of seasonal crops
- B. the cultivation of one major crop
- C. plantation agriculture
- D. shifting cultivation
The upward slope of the supply curve indicates that
- A. more will be supplied as price rises
- B. less will be supplied as price rises
- C. supply is not a function of price
- D. supply is static and demand is dynamic