UNIZIK Economics 2018/2019 - Model 1 Past Questions

Practice each question, then open it to see the full details.

Which of the following is an asset of a commercial bank?

A.Reserve funds
B. shareholder's capital
C. capital customers deposits
D. treasury bills

A co-operative society is a

A.finance house
B. self-help business organisation
C.public corporation
D.non-democratic business organisation

A characteristic common to partnership and sole proprietorship is

A.unlimited liability
B.limited liability
C.accessibility to loan
D.transferability of shares

Which of the following is not a function of an insurance company?

A.Pooling resources together against risks
B. mobilization of funds through premiums collected
C. encouragement of investment by security of capital
D. collection of deposits from the public for investments

If a commodity has a high marginal utility, its market price will be

A.Stable
B. high
C. zero
D.constant

One way of controlling deflation is by

A.decreasing wages
B.rigid fiscal policy
C.contractionary monetary policy
D.deficit financing

In the balance of payment of a country, tourism is classified under

A.Capital account
B. invisible trade
C. merchandise trade
D. official reserves

The movement of people from rural to urban areas affects the

A. sex distribution of population
B. geographical distribution of population
C. age distribution of population
D. occupational distribution of population

Demand is elastic when percentage change in

A.quantity demanded is greater than percentage in price
B. prices better than percentage change in quantity demanded
C. price is equal to one
D.what is it demanded is zero

Price fluctuation is a feature of

A.Common market
B.imperfect market
C.supermarkets
D.market failure