Tag: 1.3

Q. a) Explain the difference between Current Deposits and Saving Deposits. (10 marks) b) Describe the difference between explicit costs and implicit costs by definition, concept and appropriate examples. (10 Read More …

Q. a) Describe the main functions of commercial banks based on the two (2) following aspects: i. Acceptance of deposits (5 marks) ii. Loan Facilities (5 marks) b) Discuss two Read More …

Q. a) Explain what is meant by mixed economic system. (5 marks) b) Describe three (3) importances of Free Trade Restrictions. (15 marks) (20 marks, 2017 Q1) A. a) Similar Read More …

Q.a) Discuss the following government policy in influencing domestic demand in the country. i) Fiscal policy (4 marks)ii) Monetary policy (4 marks)iii) Direct Control Policy (4 marks) b) Explain two Read More …

Q. a) Discuss three (3) problems in calculating National Income (12 marks) b) Describe two (2) types of deposits offered by commercial banks (8 marks) (20 marks, 2017 Q5) A. Read More …

Q.a) Explain the differences between Cost-push inflation and Demand-pull inflation. (10 marks) b) Explain how the following factors promoting globalization of the national economy. i) The development of Communication System Read More …

Q.Explain how these factors influence the household consumption. a) Disposable income levels (5 marks) b) Interest rate and loan conditions (5 marks) c) Expected price of the future (5 marks) Read More …

Q. Clarify how the following factors affect the performance of an investment a) National income (4 marks) b) Loan interest rate (4 marks) c) Technological advances (4 marks) d) The Read More …

Q.(a) Define economic systems. (6 marks) (b) List FOUR (4) assumptions in Production Possibility Curve (PPC). (4 marks) (c) Explain the following concepts. (i) Scarcity(ii) Choices(iii) Opportunity Cost Give an Read More …

Q.(a) If income increases from RM2,000 per month to RM5,000 per month and the quantity of demand for single storey terrace increases from 90 to 100 units, (i) Calculate the Read More …

Q. (a) Explain any THREE (3) of the following terms in relation to International Trade and Domestic Trade. (i) Mobility of Production (ii) Size of Market and Total Transaction (iii) Read More …

Q.(a) Explain the following characteristics in relation to real estate market and perfect competition market. (i) Numbers of buyers and sellers(ii) Types of products(iii) Knowledge of the market (15 marks) Read More …

Q. (a) State any TWO (2) types of government budget. (5 marks) (b) State TWO (2) functions of Central Bank. (5 marks) (c) Define direct tax and give TWO (2) Read More …

Q. (a) Explain the difference between macroeconomics and microeconomics. (5 marks) (b) Describe the three (3) characteristic differences between free economic system and central planning economic system. (15 marks) (20 Read More …

Q. (a) Explain the difference between deflation and inflation. (4 marks) (b) Explain two (2) of the following factors as causes of inflation. (i) Cost-push inflation (4 marks) (ii) Demand-pull Read More …

Q.(a) Explain the difference between consumer goods and capital goods. (8 marks) (b) Explain the following ‘term’ with suitable examples. (i) Firm (4 marks) (ii) Industry (4 marks) (iii) Production Read More …