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Question-1
A change in interest rate by government is:
(A)
Taxation
(B)
Repo rate
(C)
Monetary policy
(D)
Exchange rate
Question-2
GDP is:
(A)
Gross Domestic Product
(B)
Gradual Decreased Product
(C)
Gross Domicile Product
(D)
General Distribution Power
Question-3
Selling of illegal goods is dealt in:
(A)
Consumer credit
(B)
Weight and Measures
(C)
Trade description
(D)
Sale of Goods Act
Question-4
Low unemployment will lead to:
(A)
Increased living standards
(B)
Reduced living standards
(C)
Increased output
(D)
Inflation
Question-5
Goods and services bought in buy one country from other country is:
(A)
Exports
(B)
Imports
(C)
Exchange rate
(D)
Reverse repo rate
Question-6
Companies can fix high price to make high profits as they have no direct competitors. This is main feature of:
(A)
Oligopoly
(B)
Monopoly
(C)
Duopoly
(D)
Free market
Question-7
Low unemployment will lead to:
(A)
Increased living standards
(B)
Reduced living standards
(C)
Increased output
(D)
Inflation
Question-8
Consumer Protection Act was passed in:
(A)
1951
(B)
1968
(C)
1986
(D)
1979
Question-9
Sale of Goods Act was passed in:
(A)
1979
(B)
1951
(C)
1968
(D)
1974
Question-10
Tax on an imported good is:
(A)
Tax
(B)
Import tariff
(C)
Export tax
(D)
Export duty
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Cambridge Advanced Grade 11
IGCSE
Practice in Related Chapters
Stakeholders in a Business
Managing a Business
Financing Business Activity
External Economic Influences on Business Behaviour
Enterprise
Business Structure
Size of Business
Business Objectives
The Purpose of Business Activity
Forms of Business Organisation
Types of Business Activity
Business Costs and Revenue
Recruitment,Training and Human Resources
Other External Influences on Business
Organisational Structure
Government and Economic Influences on Business
Communication in Business
Motivation at Work
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