Which of the following is not a function of an insurance company?

• A. Mobilization of funds through premiums collected
• B. Encouragement of savings habits through life assurances
• C. Collection of deposits from the public
• D. Granting of loans on long-term basis for investment

The real value of money is

• A. its face value
• B. what it can buy ata a particular time
• C. its rate of exchange with other currencies
• D. its intrinsic worth

Malthus observed in his theory that population was growing

• A. at a regular rate
• B. in arithmetical progression
• C. in geometrical progression
• D. in mathematical progression

If a monopolist is attempting to maximize profit , which of the following should he attempt to do?

• A. Equate average cost to average revenue
• B. Equate marginal cost to marginal revenue
• C. Equate marginal cost to average revenue
• D. fix price and output

Give five reasons why Government participates in business enterprise.

At optimum population level, a country has its

• A. maximum population
• B. ageing population
• C. highest birth rate
• D. highest output per head

Use the schedule to answer the follow-ing questions:

(a) At what price and quantity does the market attain equilibrium and why?

(b) At what prices does the market exhibit excess demand and by how many units?

(c) At what prices does the market exhibit excess supply and by how many units?

(d) At what price will the supplier be willing to sell most? What quantity will he be willing to sell at that

Which of the following constitute the major components of money supply in a development economy?

• A. Demand deposits
• B. Paper money
• C. Bank drafts
• D. Coins

Credit creation by banks is limited by

• A. an increase in bank deposits
• B. the establishment of specialized banks
• C. the non-availability of clllateral security
• D. the use of cheques for all transactions of the banks

Which of the following is the source of raising funds for a public limited liability company in West Africa?

• A. Bank loans
• B. issue of shares
• C. issue of debentures
• D. Sales of bonds