WAEC Past Questions and Answers - Page 3479

17,391.

Budget deficit can be financed by

A.

Reducing the level of taxation

B.

Printing more money

C.

Lending to financial institution

D.

Employing more workers

Correct answer is B

No explanation has been provided for this answer.

17,392.

Which of the following is not a direct effort to increase agricultural production?

A.

Operation feed the nation

B.

Use of improved seedlings

C.

Increased loans to farmers and co-operative societies

D.

National Youth Service Corps

Correct answer is D

The primary reason for the establishment of the National Youth Service Corps (NYSC) is to develop common ties among the Nigerian youths and promote national unity and integration.

 

It was not created primarily for the increase of agricultural production.

17,393.

Public expenditure on on education and health is known as expenditure on

A.

General services

B.

Social services

C.

Commercial services

D.

Economic services

Correct answer is B

No explanation has been provided for this answer.

17,394.

When the general price level persistently falls, the rate of unemployment

A.

Rises

B.

Stagnates

C.

Rapidly reduces

D.

Equal natural groth rate

Correct answer is A

No explanation has been provided for this answer.

17,395.

The tax whose rate increases as the level of income increases is known as

A.

Regressive tax

B.

Proportional tax

C.

Progressive tax

D.

Company tax

Correct answer is C

No explanation has been provided for this answer.