The natural growth rate of a population is the

A. sum of the birth rate and death rate

B. sum of the birth rate and the net immigration rate

C. birth rate minus the death rate

D. birth rate divided by the net immigration

E. death rate minus the net immigration

In the event of a limited liability company going into liquidation, each shareholder

A. may lose a maximum of the amount he has invested

B. lose nothing

C. loses everything including his house

D. may have unlimited liability

E. will lose the amount he has invested plus a proportion of his bank account

Which of the following are direct taxes?

A. Sale taxes

B. Excise duties

C. income and company taxes

D. Tarrif duties

E. Commodity taxes

Which of the following is a function of money? It is

A. portable

B. A standard of diferred payment

C. relatively stable in value

D. generally acceptable

E. an easily divisible item

The productivity of labour does not depend only o its own effort and efficiency, but also on I the level of technical knowledge II. the quality of other factors III. racial qualities which allow persons from certain races to have good physique and be very active . Which of the above statements is /are correct?

A. I only

B. I and II only

C. I and III only

D. II and III only

E. III only

A tax is said to be good when

A. it yields more revenue to the state at the expense of the people's ability to pay

B. the cost of collecting it is equal to the revenue it generates

C. it is imposed so suddenly that no one can dodge its payment

D. its payment causes minimum incovenience to the tax payer

E. it induces workers to prefer more leisure to extra work

Which of the following is a public corporation?

A. Roads (Nigeria) Plc

B. Plc

C. Union Bank of Nigeria Plc

D. Volkswagen of Nigeria Plc

E. National Electric Power authority

In a sole proprietorship decisions are made by the

A. government

B. owner

C. shareholder's conference

D. management

E. board of directors

Which of the following statements is not true in an inflationary period?

A. the purchasing power diminishes

B. Wages rise simultaneously with prices

C. More money runs after a limited quantity of goods

D. Fixed income earners lose

E. Aggregate real demand exceeds aggregate real supply

Palm oil industry in located in Bendel State because the state

A. imports raw materials for the industry

B. has a poor soil which is unsuitable for other crops

C. is a palm-tree growing area

D. government does not engage in the growing of other crops

E. has the highest demands for apl oil in Nigeria