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Economics Past Questions

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4776

Money supply will increase when the Central Bank

  • A. buys securities from the public.
  • B. increases the reserve requirements.
  • C. increases the bank rate.
  • D. sells securities to the public.
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4777

 Expansionary fiscal policy implies

  • A. decreasing bank loans.
  • B. raising tax rates.
  • C. increasing the bank rate.
  • D. decreasing tax rates.
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4778

A commodity with perfectly inelastic demand has the burden of tax borne by 

  • A. both the sellers and the buyers.
  • B. the buyers alone.
  • C. the government alone.
  • D. both the buyers and the government.
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
4779

An increase in a country's production capacity usually leads to economic 

  • A. development.
  • B. stability.
  • C. growth
  • D. efficiency.
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4780

One indicator of the low level of cap ital formation in developing countries is

  • A. low per capita income.
  • B. high rate of investment.
  • C. low importation of consumer goods.
  • D. high rate of household savings
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts