Question 1The organization which provide credits to help countries achieve short-term balance in their balance of payment is theA.Economic Community of West African stateB.International Monetary FundC.International Bank for Reconstruction and Development D.African Development Bank Objective Show full explanation
Question 2An increasing population might be of economic benefit to a country if A.the female population is greater than the male populationB.the dependency ratio is increasing as the continuously total populationC.a continuously higher proportion falls into the work class categoryD.the rural and urban proportions are balancedObjective Show full explanation
Question 3The demands made on each other by the agricultural and industrial sector as the economy grows are reflected inA.Backward and forward linkagesB.horizontal and vertical linkages C.vertical linkages D.functional linkageObjective Show full explanation
Question 4A corporation can obtain funds by issuing bonds. A bond is a form of debt falls due for repayment afterA.6 monthsB.9 monthsC.2 yearsD.10 or more yearsObjective Show full explanation
Question 5The age distribution of a population is NOT influenced by A.Birth ratesB.Death ratesC.School leaving ageD.patterns of immigrationObjective Show full explanation
Question 6The tax that take an increasing fraction of income as income goes down is calledA.conditional B.regressiveC.progressiveD.proportionalObjective Show full explanation
Question 7The average tax is defined asA.Total tax rate to the marginal tax rateB.The tax rate which applies to additional value of incomeC.The ratio of the total taxes paid to total incomeD.Marginal tax rate for being progressive Objective Show full explanation
Question 8Unlike the retailer, the wholesaler providesA.Useful information to the manufacturer about consumersB.after sales services to the consumerC.Useful information to the customers on the benefits uses of the product D.Useful information about market trend and finance to the manufacturerObjective Show full explanation
Question 9Liquidation of a limited liability company implies that theA.Company may not pay its debtB.debts of the company can only be paid from its own assetC.debts of the company are paid from both business and private funds of the ownersD.debts of the company must be paid from public funds onlyObjective Show full explanation
Question 10One form of business organization which is not motivated solely by the profit objective is theA.Joint stock companyB.private limited companyC.co-operative societyD.ordinary partnershipObjective Show full explanation