O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2022 · Q131 Mark

A bank continues to operate loss-making branches. Which objective is the bank trying to achieve?

Agrowth

Befficiency

Cprofit maximisation

Dsocial welfare

✓ Correct answer

D: social welfare

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2022 Paper 1 Variant 2, question 13.

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