2007 - WAEC Economics Past Questions and Answers - page 4
31
A non-bank financial intermediary which is regarded as a pool of risks is the
A
co-operative society
B
stock exchange
C
insurance company
D
post office
correct option: c
Users' Answers & Comments32
A foreign exchange market deals in
A
treasury bills
B
currencies
C
government bonds
D
commodities
correct option: b
Users' Answers & Comments33
Which of the following institutions assists the government in managing the national debt?
A
Commercial banks
B
The Central banks
C
The capital market
D
The World bank
correct option: b
Users' Answers & Comments34
If tax takes a large proportion of the income of people with lower income, the tax is
A
progressive
B
proportional
C
regressive
D
investment
correct option: c
Users' Answers & Comments35
Which of the following is an example of direct tax?
A
import duties
B
income tax
C
export duties
D
purchase tax
correct option: b
Users' Answers & Comments36
Monetary control measure are coordinated by
A
Development banks
B
Merchant banks
C
comercial banks
D
the central banks
correct option: d
Users' Answers & Comments37
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 problem
correct option: c
Users' Answers & Comments38
The Net National Product (NNP) is Gross National Product (GNP) less
A
domestic product
B
foreign product
C
depreciation
D
investment
correct option: c
Users' Answers & Comments39
If the population of a country is low and the Gross National Product is high, the per capita income will be
A
high
B
low
C
average
D
unitary
correct option: a
Users' Answers & Comments40
The population of a country in a certain year was fifty million and her per capita income was $2,050. What was the national income?
A
$750,000 million
B
$100,250 million
C
$102,500 million
D
$125,050 million
correct option: c
Users' Answers & Comments