Monetary policy does NOT involve
Increasing the import duties
Buying or selling treasury bills by the Central Bank
Printing of more currency note
Increasing or decreasing cash reserve ratio by the Central Bank
Raising the level of interest
Correct answer is A
No explanation has been provided for this answer.
Function of commercial banks do NOT include
Lending with interest charges
Carrying out transactions on behalf of customers
Expansion of money supply
Keeping of security document s for customers
Printing of currency
Correct answer is E
No explanation has been provided for this answer.
The chief sources of Federal Government revenue in Nigeria are
Import duties, petroleum, import tax, profit tax, royalties and government dividends
Personal income tax, excise tax and vehicle licenses
Export duties, personal income tax and royalties
Property income, sales tax and excise tax
Import duties, sales tax and poll tax
Correct answer is A
No explanation has been provided for this answer.
The purpose of import duties does NOT include the
Generation of revenue for government
Protection of domestic industries
Promotion of international trade
Conservation of foreign exchange earnings
Control of comsuption pattern
Correct answer is C
No explanation has been provided for this answer.
Retailers are greater in numbers than wholesalers because
Retail business may not be registered or incorporated
Retail business requires less expertise
Retailers deal with final consumers
All retail businesses are large enterprises
All retail businesses are small enterprises
Correct answer is B
No explanation has been provided for this answer.