Which of the following is NOT a source of government revenue?

Selling government-owned businesses

Which of the following is NOT a reason for imposing taxes?

To raise revenue for the government

What does the supply of money refer to?

The total amount of money available for use in the economy

The total amount of money desired by individuals

The amount of money held by the government

The amount of money invested in stocks and bonds

Explain the difference between a treasury bill and a treasury certificate.

Treasury bills mature in less than a year, while treasury certificates mature in one to two years.

Treasury bills have a higher interest rate than treasury certificates.

Treasury certificates are issued by commercial banks, while treasury bills are issued by the Central Bank.

Treasury bills are riskier investments than treasury certificates

What is the primary purpose of government expenditure on providing social amenities?

To improve the well-being of the people.

To promote economic development.

What is the principle of tax equity?

The tax burden should be shared equally among all citizens.

The tax system should be simple and easy to understand.

The government should collect as much revenue as possible.

Taxes should discourage savings and investment

Differentiate between direct and indirect taxes.

Direct taxes are paid directly to the government, while indirect taxes are paid to businesses that then forward them to the government.

Direct taxes are levied on goods and services, while indirect taxes are levied on income.

Direct taxes are easier to evade than indirect taxes.

Direct taxes are always progressive, while indirect taxes are always regressive.

What is the difference between budget deficit and a budget surplus?

A budget deficit occurs when expenditure exceeds revenue, while a budget surplus occurs when revenue exceeds expenditure

a budget deficit occurs when revenue exceed expenditure, while a budget surplus occurs when expenditure exceeds revenue

a budget deficit occurs when government spends is at equilibrium, while a budget surplus occurs when the government expenditure equates revenue

A budget deficit occurs when the government saves more than it spends, while a budget surplus occurs when the government spends more than it saves.

How does an increase in national debt affect the economy?

it depends on the reason for the increase in national debt.

it increases economic growth and job creation

it decreases economic growth and job creation

it has no impact on economic growth and job creation

What is the main difference between a stock and a bond?

Stocks represent ownership, while bonds represent debt

Stocks are short-term, while bonds are long-term

Stocks are low-risk, while bonds are high-risk

Stocks are traded on the primary market, while bonds are traded on the secondary market

What is the primary measure used to calculate national income?

National Disposable Income (NDI)

If the Central Bank increases the cash reserve ratio, what will happen to the money supply?

The money supply will decrease.

The money supply will increase.

The money supply will remain unchanged.

The impact on the money supply cannot be determined

You are planning to buy a new car. According to the transaction motive for holding money, why would you keep some cash readily available?

To pay for the down payment on the car

To cover unexpected repairs in the future

To earn interest on your savings

How can government expenditure help to redistribute income?

By providing subsidies to the poor.

By increasing taxes on the wealthy.

By investing in social welfare programs.

The government is considering a tax break for companies that invest in renewable energy. How might this policy impact tax revenue and environmental sustainability?

Tax revenue will increase, and environmental sustainability will improve.

Tax revenue will decrease, but environmental sustainability will improve.

Tax revenue will decrease, and environmental sustainability will worsen.

Tax revenue will increase, and environmental sustainability will worsen

A country is facing a natural disaster. How might the government use national debt to respond?

To provide financial aid to affected citizens

To raise taxes and reduce spending

To stimulate economic growth in unaffected areas

To invest in long-term infrastructure projects

What role do investment banks typically play in the capital market?

c) Facilitating the buying and selling of securities

a) Investing their own funds in securities

b) Advising companies on marketing strategies

d) Providing loans to individual investors

A family has a total income of $50,000 and pays $5,000 in taxes. What is their disposable income?

It depends on their spending habits.

Which component of national income is affected when households increase their savings rate?

Personal Disposable Income (PDI)

Compare and contrast the precautionary motive and the speculative motive for holding money.

Both motives involve holding money for future needs, but the precautionary motive is for unplanned events, while the speculative motive is for investment opportunities.

Both motives involve holding money to earn interest, but the precautionary motive is for short-term needs, while the speculative motive is for long-term goals.

The precautionary motive is for saving money, while the speculative motive is for borrowing money.

The precautionary motive is for everyday transactions, while the speculative motive is for risky investments

Compare and contrast the functions of the money market and the capital market.

The money market deals with securities with maturities of less than a year, while the capital market deals with securities with maturities of more than one year.

Both markets provide short-term funding for businesses.

The money market is for governments only, while the capital market is for businesses and individuals.

The money market is less risky than the capital market

Which of the following is not a cause of inflation?

High productivity in the agricultural sector

Increase in the money supply without a corresponding increase in production

Explain the relationship between income, consumption, and savings using the circular flow of income model.

Income, consumption, and savings are interrelated

Income influences consumption but not savings

Consumption influences income but not savings

Savings influence income but not consumption

Which of the following is the primary purpose of the capital market?

Providing long-term loans for investment

Providing capital for day-to-day business operations

Mobilizing savings for investment

Which of the following is not a positive effect of inflation?

Debtors gain at the expense of creditors

Which of the following is not a valid objective of government expenditure?

Maximizing profit from government-owned businesses.

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Economics Quiz (3rd Term) Year 11

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What are the motives for holding money according to Lord Keynes?

What is demand for money?

What is a money market?

What type of security represents ownership in a company?

What is the definition of inflation?

What is the term used to describe a situation where the total demand in the economy exceeds the total supply of goods and services?

What is the term for the study of government income and expenditure?

Which of the following is NOT a source of government revenue?

What is the compulsory payment made by citizens to the government?

Which of the following is NOT a reason for imposing taxes?

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