Which of the following is not a component of national income at factor cost?
Wages earned by doctor
Rent paid to landlords
Indirect tax
Undistributed company profits
Interest on loan
Correct answer is C
No explanation has been provided for this answer.
Which of the following assets of the commercial bank does not yield revenue?
Money in the tills of the bank
Money at call
Treasury certificates
Treasury bills
Bills of exchange
Correct answer is A
No explanation has been provided for this answer.
Pure monopoly describes market where
There are many sellers and a few buyers
Goods are sold at different price
Entry is not blocked, but no one cares to enter
A few sellers and one buyer exist
None of the above
Correct answer is E
No explanation has been provided for this answer.
If a government is running deficit, this means
A term of trade are unfavourable
More project cannot be undertaken
Tax inflow is greater than expenditure
Aggregate demand is greater than aggregate supply
Tax inflow is less than expenditure
Correct answer is E
No explanation has been provided for this answer.
The proportion of currency in the money supply
Is higher in developing countries than advanced countries
Is lower in developing countries than advanced countries
Is the same in both developing and advanced countries
Grows as the economy develope
None of the above
Correct answer is A
No explanation has been provided for this answer.