Which of the following is a motive for holding money?
Celebration
Daily purchases
Election campaign
Payment of taxes
Correct answer is B
In his publication on The General Theory of Employment, Interest, & Money, Keynes outlined three reasons, or motives, for holding money or cash: Transaction Motive: to pay for goods or services. It is useful for conducting everyday transactions or purchases. Precautionary Motive: it's a relatively safe investment.
One of the following is NOT a reason for increase in public expenditure
Decrease arising from public debt and its servicing
Increase in capital expenditure to provide social services
Increase financial commitment for defence and security
Increase in recurrent expenditure with regard to wages and salary paid to public servant
Returns on viable public corporation
Correct answer is D
No explanation has been provided for this answer.
Which of the following is NOT a cause of inflation?
Excessive bank lending
Excessive deficit financing
Increase in domestics productivity
Increase in government expenditure
Correct answer is C
No explanation has been provided for this answer.
Education and training
Good working condition
Healthier workforce
Increased productivity worker accompanied by improvement in the quality of output
The amount of incentives or remuneration given to workers
Correct answer is D
No explanation has been provided for this answer.
A tax system which takes lesser percentage of a tax payers income as his income increase is known as
Direct tax
Indirect tax
Progressive tax
Proportional tax
Regressive tax
Correct answer is C
No explanation has been provided for this answer.