The most unique quality of money is its
Relative scarcity
Divisibility
Durability
General acceptability
Correct answer is D
No explanation has been provided for this answer.
Deficit budget means that government’s
Government expenditure is equal to its revenue
Planned expenditure is more than the estimated income
Planned income and expenditure target cannot be achieved
Expenditure is less than estimated revenue
Correct answer is B
No explanation has been provided for this answer.
Which of the following is an item of government recurrent expenditure?
Road construction
Port facilities
Wages and Salaries
Telecommunication projects
Correct answer is C
No explanation has been provided for this answer.
The main feature of regressive taxation is that its rate
Is higher when income is higher
Is equal tax for all categories of people
Remains constant when income increases
Reduces when income increasesÂ
Correct answer is D
No explanation has been provided for this answer.
A tax on a commodity whose demand is perfectly inelastic will fall heavily on the
Consumer
Manufacturer
Wholesaler
Retailer
Correct answer is A
No explanation has been provided for this answer.