The main source of government revenue in Nigeria is
Import duties
Rents and royalties
Company income tax
Capital gains tax
Correct answer is A
No explanation has been provided for this answer.
If the Central Bank of Nigeria reduces the bank rate, this will cause
Money supply to increase
Commercial banks to reduce lending
Commercial banks to merge
Money supply to reduce
Correct answer is A
No explanation has been provided for this answer.
One way of controlling deflation is by
Contractionary monetary policy
Decreasing wages
Deficit financing
Rigid fiscal policy
Correct answer is C
No explanation has been provided for this answer.
When the federal government guarantees a loan for a state government, such a loan constitutes
A public debt
A transferred debt
A private debt
An inter-governmental debt
Correct answer is A
No explanation has been provided for this answer.
Insure bank deposits
Regulate the activities of insurance companies
Ensure adequate capitalization of insurance companies
Accept customers' deposit
Correct answer is A
No explanation has been provided for this answer.