The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is
Total interest payment
Net income generated internally
Total national savings
Net income from abroad
Correct answer is D
No explanation has been provided for this answer.
Amount proposed for payment of wages and salaries in a budget is regarded as part of
Recurrent expenditure
Direct investment
Recurrent revenue
Capital receipts
Correct answer is A
No explanation has been provided for this answer.
A cheque book is issued to customers of a bank operating a
Savings account
Time deposit account
Current account
Fixed deposit account
Correct answer is C
No explanation has been provided for this answer.
The motive for holding money for investing in securities is referred to as
Transactionary
Speculative
Accumulation
Deflationary
Correct answer is B
No explanation has been provided for this answer.
One way to solve the economic problem of inflation in a country is by increasing the
Supply of commodities
Supply of currency
Salaries of workers
Demand for commodities
Correct answer is A
No explanation has been provided for this answer.