Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

If you can get at least 60%, you can be rest assured that you’ll ace ECN 204 exam

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

Note

Do not be in a hurry to answer the questions
Do not waste time on a question you don’t know
Move as fast as possible and starting with questions that don’t have calculation first to save time
Always crosscheck
Don’t be in a hurry to submit, you are not in a competition
Don’t be scared. Getting an A is easy
Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book
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70 – 100 A

60 – 69 B

50 – 59 C

45 – 49 D

40 – 44 E

0 – 39 F

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ECN 204

1 / 40

1. Outcome of stagflation includes

A. Low unemployment

B. Inflation with stagnation

C. High output

D. Growth in reserves

2 / 40

2. Economic multiplier measures

A. Money printing

B. Output change due to spending

C. GDP variation

D. Budget deficit

3 / 40

3. NDP 2021–2025 targets

A. Trade closure

B. Colonial repatriation

C. Food rationing

D. Inclusive development

4 / 40

4. Advantage of globalization to developing nations includes

A. Higher inflation

B. Industrial decline

C. Capital inflow

D. Cultural isolation

5 / 40

5. Meaning of inflation indicates

A. Boost in employment

B. Growth in exports

C. Decrease in supply

D. Rise in price level

6 / 40

6. Use of subsidies on essentials helps

A. Direct price reduction

B. Demand expansion

C. Budget surplus

D. Currency appreciation

7 / 40

7. Result of increased cash reserve ratio leads to

A. Higher consumer demand

B. Enhanced lending

C. Reduced inflation

D. Currency devaluation

8 / 40

8. Outcome of structural adjustment programs often includes

A. Agricultural surplus

B. Import growth

C. Price stability

D. Social unrest

9 / 40

9. Equation MV = PQ shows

A. Income inequality

B. Money and output relationship

C. Exchange rate fluctuation

D. Fiscal performance

10 / 40

10. Purpose of expansionary monetary policy includes

A. Curtailing liquidity

B. Stimulating economic growth

C. Limiting exports

D. Increasing inflation

11 / 40

11. Aim of supply-side policy focuses on

A. Cutting interest rates

B. Enhancing productivity

C. Fixing wages

D. Restricting credit

12 / 40

12. Productive borrowing refers to

A. Stockpiling reserves

B. Capital investment

C. Defense spending

D. Import financing

13 / 40

13. Purpose of ERGP focused on

A. Debt accumulation

B. Recovery and growth

C. Export taxation

D. Legal reform

14 / 40

14. Fiscal consolidation aims at

A. Inflation targeting

B. Currency printing

C. Tax evasion

D. Deficit reduction

15 / 40

15. Influence of monetary policy affects

A. Price level stability

B. Weather patterns

C. Cultural identity

D. Voting behavior

16 / 40

16. Short-term benefit of deficit spending allows

A. Interest rate drop

B. Productivity fall

C. Economic contraction

D. Stimulated growth

17 / 40

17. Concept behind fiscal policy involves

A. Cultural preservation

B. Taxation and expenditure

C. Monetary tightening

D. Controlling imports

18 / 40

18. Trade liberalization results in

A. Domestic supply shock

B. Barrier reduction

C. Tariff increase

D. Public debt rise

19 / 40

19. Cash balance approach emphasizes

A. Money supply increase

B. Money demand

C. Asset revaluation

D. Credit creation

20 / 40

20. Quantity theory of money links

A. Velocity to unemployment

B. Money supply to price level

C. Currency to imports

D. Price level to fiscal deficit

21 / 40

21. Cause of demand-pull inflation relates to

A. Rising unemployment

B. Excessive demand over supply

C. Foreign investment surge

D. Increased government debt

22 / 40

22. Cultural impact of globalization includes

A. Nationalist revival

B. Wage reduction

C. Cross-cultural exchange

D. Language preservation

23 / 40

23. NDP 2021–2025 targets

A. Colonial repatriation

B. Food rationing

C. Trade closure

D. Inclusive development

24 / 40

24. Role of CBN involves

A. Defense strategy

B. Land reform

C. Legislature

D. Monetary policy

25 / 40

25. Built-in inflation stems from

A. Interest rate drops

B. Wage-price spiral

C. High taxation

D. Import restrictions

26 / 40

26. Tool used in open market operations includes

A. Exchange rate freeze

B. Tax rebates

C. Security sales

D. Reserve increase

27 / 40

27. Role of technology in globalization supports

A. Regional disintegration

B. Price fixing

C. Faster connectivity

D. Climate change

28 / 40

28. Built-in inflation stems from

A. Wage-price spiral

B. Interest rate drops

C. Import restrictions

D. High taxation

29 / 40

29. Purpose of reducing budget deficits serves

A. Inflation reduction

B. Output stagnation

C. Demand stimulation

D. Tax holiday

30 / 40

30. Fiscal deficit describes

A. Profit of firms

B. Trade surplus

C. Spending exceeding revenue

D. Total exports

31 / 40

31. Target of Vision 20:2020 set

A. Global military status

B. Low population

C. Top-20 economy status

D. Zero import dependence

32 / 40

32. Goal of raising interest rates targets

A. Wage increase

B. Inflation control

C. Currency depreciation

D. Deficit expansion

33 / 40

33. Effect of contractionary monetary policy includes

A. Boosting consumer borrowing

B. Enhancing exports

C. Increasing supply of goods

D. Tightening money supply

34 / 40

34. Risk of external debt includes

A. Agricultural surplus

B. Enhanced autonomy

C. Increased domestic trade

D. Currency depreciation

35 / 40

35. Economic diversification reduces

A. Oil dependence

B. Taxation

C. Budget surplus

D. Education funding

36 / 40

36. Result of foreign direct investment brings

A. Technological transfer

B. Environmental cleanup

C. Skill erosion

D. Wage stagnation

37 / 40

37. Feature of globalization involves

A. Nationalism

B. Market isolation

C. Bureaucratic control

D. Cross-border integration

38 / 40

38. Basic assumption in Fisher's theory holds

A. Changing velocity

B. Constant velocity

C. Fixed taxation

D. Variable output

39 / 40

39. Fast fashion serves as a case of

A. Trade embargo

B. Cultural preservation

C. Global supply chain

D. Local tailoring

40 / 40

40. Result of foreign direct investment brings

A. Environmental cleanup

B. Wage stagnation

C. Skill erosion

D. Technological transfer

Your score is

The average score is 52%

FUOYE ECN 204 CBT Practice

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