Question 461:

• JAMB 1979

Which of these is not usually the function of a wholesaler?

A. Transport
B. Storage
C. Advertising
D. After-sale services
E. Branding

Question 462:

• JAMB 1979

Net national income is

A. Gross national income minus depreciation
B. Gross domestic product plus net income from abroad
C. Nominal national income divided by the price level
D. Gross national income divided by the total population
E. Gross national product plus subsidies minus indirect taxes

Question 463:

• JAMB 1979

If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is

A. Progressive
B. Indirect
C. Regressive
D. Proportional
E. None of the above

Question 464:

• JAMB 1979

Which of the following is not an asset of a commercial bank?

A. Cash
B. Money at call
C. Treasury bills
D. Reserve funds
E. Loans and over-draft

Question 465:

• JAMB 1979

The lowering of the exchange rate between country's currency and other currencies is known as

A. The foreign exchange rate
B. Deflation
C. Exchange control
D. The law of comparative advantage
E. None of the above