Who among the following will benefit from inflation?

A. pensioners

B. savers

C. debtors

D. creditors

Inflation can be controlled by increasing

A. aggregate supply

B. government expenditure

C. aggregate demand

D. a deficit budget

Which of the following is a function of merchant banks?

A. minting of coins

B. preparation of government budget

C. keeping watch on external reserves of the country

D. acting as acceptance houses

Personal savings are generally low in West Africa because of

A. the level of income of people

B. the refusal of banks to grant loans

C. overpopulation

D. cheaper foreign currencies

Which business organization enjoys tax-free point in est Africa?

A. co-operative societies

B. private limited liability companies

C. joint stock companies

D. partnerships

The greatest revenue earning industry in Nigeria is

A. construction

B. agriculture

C. manufacturing

D. mining

A market equilibrium exist when

A. no buyer goes home empty-handed

B. demand and supply are increasing

C. demand and supply are equal

D. the price is fluctuating

The incidence of an increase in tax on a commodity with perfectly inelastic demand will be on the

A. wholesaler

B. retailer

C. government

D. consumer

Budget surplus implies that

A. expenditure equals revenue

B. expenditure is less than revenue

C. expenditure is greater than taxation

D. direct tax is more than indirect tax

International trade is based on the law of

A. absolute cost advantage

B. variable proportion

C. comparative cost advantage

D. mutual co-operation