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2003/2004 PTDF QUESTIONS

These were the questions asked in the 2003/2004 year and we will be working on finding some more questions (source: nairasource.com). )3/04 seems to be the only year in circulation though :-

DVT:2003/2004
PART 1
ANSWER ALL QUESTIONS
TIME 25 MINUTES

1. WHICH OF THE FOLLOWING IS LEAST AFFECTED BY THE BUSINESS CYCLE?
A. AUTOMOBILE MANUFACTURE
B. FOOD PRPCESSING
C. OIL AND GAS INDUSTRY
D. SHIP BUILDING
E. IRON AND STEEL INDUSTRY

2. GROSS NATIONAL PRODUCT IS DEFINED AS:
A. TOTAL GOODS PRODUCED
B. TOTAL GOODS AND SERVICES PRODUCED
C. TOTAL GOODS AND SERVICES PRODUCED LESS TAXES
D. NET NATIONAL PRODUCT LESS DIVIDENDS
E. NET NATIONAL PRODUCT LESS INVESTMENTS

3. DURING DEFLATIONARY TIMES NIGERIAN NAIRA BUYS,
A. MORE
B. LESS
C. AN AMOUNT OF GOODS LESS TO THAT OF THE PREVIOUS YEAR
D. MORE GOODS BUT FEWER SERVICES
E. FEWER GOODS BUT MORE SERVICES

4. INSURANCE IS USED FOR ALL THE FOLLOWING EXCEPT
A. PROTECTION AGAINST LOSS
B. SAVINGS
C. PROTECT THE FAMILY IN CASE OF DEATH OF THE BREADWINNER
D. INCOME TAX REDUCTION