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Economics 2003 NECO Past Questions

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21
Which of the following is NOT a cause of inflation?
  • A. excessive bank lending
  • B. excessive deficit financing
  • C. increase in domestics productivity
  • D. increase in wages and salaries of workers
  • E. increase in government expenditure
View Answer & Discuss NECO 2003
22
One of the following is NOT a reason for increase in public expenditure
  • A. decrease arising from public debt and its servicing
  • B. increase in capital expenditure to provide social services
  • C. increase financial commitment for defence and security
  • D. increase in recurrent expenditure with regard to wages and salary paid to public servant
  • E. returns on viable public corporation
View Answer & Discuss (1) NECO 2003
23
Which of the following is a motive for holding money?
  • A. celebration
  • B. daily purchases
  • C. election campaign
  • D. payment of taxes
View Answer & Discuss (4) NECO 2003
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24
Price legislation means
  • A. directing market specialist to fix prices
  • B. interplay of either demand or supply
  • C. producers are prices givers
  • D. regulating the price system by the government
  • E. the use of market forces
View Answer & Discuss (5) NECO 2003
25
Which of the following is NOT a function of taxation?
  • A. make few people rich in the country
  • B. raise revenue for the government
  • C. redistribution of income
  • D. reduces production and consumption of harmful goods
  • E. used as anti-inflationary device
View Answer & Discuss (5) NECO 2003
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