If government expenditure exceeds revenue, this result in
Balanced budget
National debt
Budget deficit
Budget surplus
Correct answer is C
A budget deficit occurs when expenses exceed revenue.
The Basic Needs Approach to development is
Poverty alleviation
Provision of educational infrastructure
Provision of health services
Improvement in workers income
Correct answer is A
No explanation has been provided for this answer.
Cost-push inflation occurs when
Production cost is high
Factor prices decrease
There is too much money in circulation
Government embarks on deficit financing
Correct answer is A
Cost-push inflation occurs when overall prices go up due to increase in the cost of wages and raw materials.
A manufacturer who wants to build a new plant will source funds from the
Commercial banks
Money market
Capital market
Government
Correct answer is C
No explanation has been provided for this answer.
The reform in the banking sector in Nigeria is principally motivated by the need to
Increase the capital base of banks
Provide more money to run the economy
Minimize the rate of bank failures
Enhance efficiency in bank operations
Correct answer is C
No explanation has been provided for this answer.