Which of the following is not the function of a commercial bank

A. accepting deposits from the publicv

B. serving as banker to the government

C. lending to the public

D. safekeeping of valuables

E. undertaking foreign exchange transaction of customers

Inflation caused by increase in demand is known as

A. cost-push inflation

B. hyper-inflation

C. demand-pull inflation

D. creeping inflation

E. runaway inflation

Indirect tax are taxes which

A. are levied on the income and profit of the individuals and firms

B. always affects the producer only

C. are bassed on the progressive principles

D. are based on the regressive principles

E. are levied on goods and services purchased by individuals and firms

The situation where government revenue in a fiscal year is less than its expenditure is referred to as

A. budget deficit

B. balanced budget

C. budget surplus

D. budget statement

E. unfavourable budget

The situation where government revenue in a fiscal year is less than its expenditure is referred to as

A. budget deficit

B. balanced budget

C. budget surplus

D. budget statement

E. unfavourable budget

Land is often different from other factors of production because it

A. is a free gift of nature

B. constitutes one-third of the entire world

C. has different grades

D. is owned bt individuals

E. is owned by government