The loans from the World Bank to developing countries are mainly to support?

• A. the establishment of more universities
• B. capital-intensive technology
• C. infrastructural investments
• D. their low level of consumption

The values of different types of accounts held in Nigerian banks for the period 1984 to 1988

Present the data above in the form of a component bar chart.

The law of diminishing marginal returns relate to?

• A. total utility
• B. average utility
• C. total product
• D. marginal utility

The circular flow of income defines the?

• A. relationship between ends and means in the economic system
• B. allocation of income to various members of the household
• C. flow of goods, services amd money among the various micro-sectors of the economy
• D. micro-economic relationships in economic analysis

Joint-stock companies can raise funds from

• A. the money market
• B. the capital market
• C. various sources
• D. government

the location of timber and plywood industries in West Africa is mainly influenced by the

• A. avilability of transport
• B. good climate
• C. availability of power supply
• D. presence of a luxuriant forest

Money supply is the

• A. currency available in the banks
• B. currency in circulation and time deposits
• C. currency in circulation and saving deposits
• D. currency in circulation and demand deposits

A country achieves economic development when there is

• A. an increase in military expenditure
• B. an increase in capacity utilization
• C. a sustained increase in per capital income
• D. an even distribution of goods and services

The best index for international comparison of standards of living is the?

• A. gross national product
• B. net national income
• C. per capita income
• D. gross national income

Deficit budget means that government’s

• A. Government expenditure is equal to its revenue
• B. Planned expenditure is more than the estimated income
• C. Planned income and expenditure target cannot be achieved
• D. Expenditure is less than estimated revenue