Question: Activities of central bank designed to influence financial variables such as money supply and interest rates?

• 1. Fiscal policy
• 2. Economic policy
• 3. Monitory policy
• 4. None

Question: A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?

• 1. Oligopoly
• 2. Monopoly
• 3. Perfect competition
• 4. None

Question: Any system that features one price for sellers and another for buyers ?

• 1. Dual price system
• 2. Floor pricing
• 3. Ceiling pricing
• 4. None

Question: The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?

• 1. Formal sector
• 2. Informal sector
• 3. Formal finance
• 4. Informal finance

Question: The annual amount that a borrower must pay a lender over an above the total borrowed ?

• 1. Interest
• 2. Loan
• 3. Interest rated
• 4. None

Question: The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?

• 1. Income effect
• 2. Substitution effect
• 3. Labour effect
• 4. All

Question: The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?

• 1. Elasticity of demand
• 2. Import substitution
• 3. Income elasticity of demand
• 4. None

Question: The currency of a major industrial country, such as the U.S dollar___________________?

• 1. Main currency
• 2. Hard currency
• 3. Stable currency
• 4. None

Question: An index measuring national socioeconomic development based on measures of life expectancy at birth, educational attainment and adjusted per capital income ?

• 1. Human development index
• 2. Human poverty index
• 3. Headcount index
• 4. None

Question: What percentage of Agriculture in GDP?

• 1. 20.9
• 2. 21.5
• 3. 19.8
• 4. 18.5