Post Utme Economics Past Questions and Answers

Question 486:

In the particular flow of income, an increase in savings causes ____________

A. An increase in imports
B. A decrease in the income stream
C. An increase in household consumption
D. A decrease in exports

Question 487:

The ability on commercial banks to create money depends on the ____________

A. Reserve ratio
B. Liquidity ratio
C. Interest rate
D. Capital base

Question 488:

The return in banking sector in Nigeria is principally motivated by the need to ____________

A. Increase the capital base of banks
B. Provide more money to run the economy
C. Minimize the rate of bank failures
D. Enhance efficiency in bank operations

Question 489:

If government expenditures exceed revenue, this results in ____________

A. Balanced budget
B. National debt
C. Budget deficit
D. Budget surplus

Question 490:

The back heals approach to development is directed at ____________

A. Poverty alleviation
B. Provision of educational infrastructure
C. Provision of health services
D. Improvement in workers income