Post Utme Economics Past Questions and Answers

Question 436:

Which of the following institutions assists the government in managing the national debt?

A. Commercial bank
B. The central bank
C. The capital market
D. The World Bank

Question 437:

Which of the following is an example o direct tax?

A. Import duties
B. Income tax
C. Export duties
D. Purchase tax

Question 438:

A country whose economy is buoyant is likely to have ____________

A. A weak currency
B. Devaluation from time to time
C. A strong currency
D. Balance of payment problems

Question 439:

The Net National Product (NNP) is gross National Product (GNP) less ____________

A. Domestic product
B. Foreign product
C. Depreciation
D. Investment.

Question 440:

A necessary condition for specialization in an economy is the existence of ____________

A. A regulated market
B. A competitive market
C. A medium of exchange
D. Adequate capital