Surplus budgeting
Supplementary budgeting
Balanced budgeting
Deficit budgeting
Correct answer is D
If revenue expenses of the government exceed revenue receipts, it results in revenue account deficit. When the revenue is less than the estimated expenditure, it results to a budget deficit.
The following are reasons for failure of agricultural policies in West Africa except
Vague policy statements
Negation of polices
Creation of agro-service stations
Provision of obsolete implements
Correct answer is C
Agro Service Centres are an innovative idea and interesting experiment which holds the great promises to increase agricultural production. They are geared towards agricultural development. It isnt a reason for agricultural failure.
In open market operations, what the Central Banks sells or buys are
Shares
Debentures
Securities
Equities
Correct answer is C
Open market operations is where the federal government through the central bank buys and sells government securities to control the money supply and interest rates.
The different between birth rate and death rate is known as
Demographic transition
Natural growth rate
Migration rate
Fertility rate
Correct answer is B
The natural growth rate refers to the difference between the number of live births and the number of deaths occurring in a year.
A price index as a statistic, measures
How the value of money changes over time
The volume of currency in the economy
The exchange rate of a country's currency
The composition of goods and services
Correct answer is A
A price index is a measure of how prices change over a period of time, or it is a way to measure inflation.