Which of the following statements about population is correct?

A. Optimum population whenever achieved does not change

B. Under-population implies that available resources are not use to full capacity

C. Over-population leads to a higher per capital output

D. Optimum population leads to overcrowding of cities

Malthus population theory stated that

A. Higher death rate may lead to low productivity

B. Population may outgrow the means of subsistence

C. people will always decide to have children

D. migration may leave some parts of the world barren

One of the criticisms of population increase is that it result in

A. a rise in people's standard of living

B. low level of illiteracy

C. low level of taxation

D. increase in government expenditure

Which of the following is not likely to be an effect of a growing population?

A. rise in demand

B. unemployment

C. fall in standard of living

D. high per capita income

Census figure of most countries in West Africa is inaccurate because of

A. low cost of enumeration

B. low per capita income

C. high degree of illiteracy

D. high level of civilization

Which of the following is a problem of trade by barter?

A. exchange rate determination

B. hoarding

C. how to produce

D. what to produce

Cheques are not money because

A. there use is confined to business hours

B. there are few banks in the rural areas

C. they are not generally acceptable as a medium of exchange

D. they are not issued by government

Which of the following is a liability of commercial banks?

A. deposits

B. money at call

C. loans to customers

D. overdrafts

The value of money is best determined by its

A. size

B. purchasing power

C. portability

D. being recognized

Which of the following is a function of the Central Bank of Nigeria?

A. serving as a custodians of important valuables

B. giving advice to customers

C. serving as banker's bank

D. creating credit