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Economics Past Questions

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4356

An increase in cash ratio by the central bank will_______

  • A. Increase the supply of money.
  • B. Increase banks lending
  • C. Encourage borrowing.
  • D. Reduce the supply of money.
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4357

When a government cuts down her expenditure to reduce inflation, she has embarked on___________

  • A. A restrictive Fiscal policy.
  • B. An expansionary monetary policy.
  • C. Physical policy.
  • D. Implementing budget deficit
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4358

In order to enable the government of a country to increase its tax revenue, it will be advisable for it to increase taxes on_______

  • A. Textile materials with elastic demand
  • B. Alcoholic beverages with inelastic demand
  • C. Agricultural products with inelastic supply
  • D. Luxury goods with elastic supply
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4359

People who dispose of their assets are expected to pay ______________

  • A. value added tax
  • B. capital gains tax
  • C. expenditure tax
  • D. sales tax
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4360

A floating exchange rate means that the exchange rate is fixed by the __________

  • A. Central bank of the country
  • B. Forces of demand and supply
  • C. International monetary fund (IMF)
  • D. Ministry of Finance
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC offline past questions - with all answers and explanations in one app - Download for free