Economics Past Questions And Answers
1751
Deposit held in a commercial bank are part of
- A. money supply
- B. transfer payments
- C. ordinary shares
- D. treasury bills
1752
The production possibility curve can be used to explain the underlying concepts of
- A. scale of preference and choice
- B. opportunity cost and choice
- C. wants and means
- D. opportunity cost and scale of preference
1753
Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55. Determine the range?
- A. 0.25
- B. 10.00
- C. 1.55
- D. 9.95
1754
The consumers co-operative society is owned by
- A. a management committee
- B. members of the society
- C. debenture holders
- D. the government
1755
The loading of crude oil at the terminal is an activity in the
- A. downstream sector of the oil industry
- B. upstream and downstream sector of the oil industry
- C. upstream sector of the oil industry
- D. midstream and upstream sectors of the oil industry
1756
The speculative demand for money is inversely related to the
- A. interest rate
- B. level of income
- C. exchange rate
- D. inflation rate
1757
Tax evasion means
- A. postponing paymeny of tax
- B. tax payment according to ability to pay
- C. making false declaration of taxable income
- D. paying little amount of money as tax
1758
The demand curve for a normal good will shift to the left if?
- A. the incomes of consumers rise
- B. the price of the goods rises
- C. the price of complementary goods rises
- D. advertising expenditure on complementary goods increase
1759
(a) Present the above data in a bar graph. (The use of graph sheet is essential).
(b) Calculate the average utility curve.
1760
The types, sources and uses of government income are mainly concerned with?
- A. public expenditure
- B. public revenue
- C. public budget
- D. public finance