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CSEE (Form 4) Economic and Social Development — practice questions

Explore 5 free Economic and Social Development questions in CSEE (Form 4) Civics. Open each question or exercise to read its content, reference answers and available explanation.

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Economic and Social Development questions and exercises with answers

Showing questions 1–5 of 5.

Non-banking institutions differ from banks in that they:Read the answer and worked solution →Economic development is distinguished by an increase in gross national product together with:Read the answer and worked solution →Bank or non-bank?Read the answer and worked solution →Growth or development?Read the answer and worked solution →Spot the false claimRead the answer and worked solution →

Worked practice questions

Non-banking institutions differ from banks in that they:

  1. provide insurance and pension services
  2. keep valuable items such as gold
  3. mobilise savings and handle transactions
  4. provide commercial services to the public
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Correct answer: A. provide insurance and pension services

1. Both kinds of institution handle money, so the difference lies in what services they offer. 2. Non-banking institutions provide services such as insurance and pension funds. 3. Keeping valuables such as gold in safe custody is a core function of banks. 4. Mobilising savings and handling customer transactions is likewise core banking work. 5. Providing commercial services to the public is a bank's business too, so three options all describe banks. _Source: NECTA CSEE 2021 Civics 011, Question 1: Multiple Choice, item (vii)_

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Economic development is distinguished by an increase in gross national product together with:

  1. an increase in the volume of exports
  2. a rise in the total national population
  3. a growth in the number of banks opened
  4. an improvement in the welfare of people
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Correct answer: D. an improvement in the welfare of people

1. Economic growth alone is a rise in output, measured by gross national product. 2. Gross national product estimates the total value of final goods and services produced in a period by a country's residents. 3. Economic development is broader: it requires that rise in output to reach people's lives. 4. Welfare means people's health, comfort and happiness, supported by having income. 5. So development is growth plus improved welfare; population, bank numbers and exports may all rise without welfare improving at all. _Source: NECTA CSEE 2021 Civics 011, Question 1: Multiple Choice, item (viii)_

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Bank or non-bank?

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Left
Bank
Items
  1. Region
    Bank
    Item
    Keeps gold safe
  2. Region
    Bank
    Item
    Handles cheques
  3. Region
    Non-bank
    Item
    Sells insurance
  4. Region
    Non-bank
    Item
    Runs pensions
  5. Region
    both
    Item
    Handles money
  6. Region
    both
    Item
    Is regulated
Right
Non-bank
Instructions
Tap a service, then the institution that offers it. Some apply to both.

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