The total amount of money in circulation includes cash?

• A. and current account
• B. owned by banks and the non-bank public
• C. and current acount balances owned by banks and non-bank public
• D. owned by banks, the government and the non-bank public

The Nigerian Trust Fund is managed on behalf of Nigeria by the?

• A. World Bank
• B. International Monetary Fund
• C. African Development Bank
• D. Economic Commission for Africa

When interest rates are high and still rising the least-cost method used by public limited companies to obtain additional funds for their operations is by?

• A. obtaining life-term loans from merchant banks
• B. obtain short-term loans from commercial banks
• C. selling floating-rate debenture stocks to the general public
• D. selling new ordinary shares to the general public

If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?

• A. the size of population
• B. technical progress
• C. the environment
• D. the amount of natural resources

the major objective of current campaign for family planning in Nigeria is to?

• A. reduce the death rate
• B. limit the number of women a man can marry
• C. keep the population growth rate constant
• D. raise the standard of living of the population

The objective of public finance is to promote?

• A. full employment, national income and price stability
• B. government revenue drive and expenditure to as high a level as possible
• C. the expansion of government social services
• D. government revenue drive and minimize government expenditure

Which of the following situations can give rise to economic problems?

• A. Unlimited human wants
• B. Wants of varying important
• C. Limited means available for satisfying wants
• D. Means used in different ways

In national income accounting, aggregate saving in any year is defined as?

• A. all disposable income not spent on consumption
• B. all savings deposits in all banks during the year
• C. all savings and time deposits in all banks during the year
• D. the value of inventory change for the year

A significant effect of the growth of the oil sector in Nigeria has been to?

• A. increase the rate of unemployment
• B. diminish the percentage contribution of the agricultural sector to GNP
• C. slow down the pace of industrialization
• D. retard the rate of economic growth

The type of business organizations mostly used for producing public goods in Nigeria is

• A. Sole proprietorships
• B. Limited liability companies
• C. Co-operative societies
• D. Statutory corporations