Waec Economics 2008 Past Questions and Answers

Question 41:

• WAEC 2008

Creation of money by commercial bank is done by

A. Increasing the cash ratio
B. Printing money
C. Lending to borrowers
D. Issuing cheques

Question 42:

• WAEC 2008

Public finance is basically an analysis of the

A. Income and expenditure of government
B. Expenditure patterns of the government
C. Current and capital receipts of the government
D. Current and capital expenditure of the government

Question 43:

• WAEC 2008

A major use of taxation is to

A. Control population growth rate
B. Influence people's spending habits
C. Control money supply
D. Create bank credits

Question 44:

• WAEC 2008

A tax which is expressed as a given absolute sum of money per unit of a commodity is known as

A. A specific tax
B. A direct tax
C. An indirect tax
D. A value added tax

Question 45:

• WAEC 2008

All indirect taxes tends to be

A. Progressive
B. Regressive
C. Certain
D. Equitable