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Question-1
Selling of illegal goods is dealt in:
(A)
Consumer credit
(B)
Weight and Measures
(C)
Trade description
(D)
Sale of Goods Act
Question-2
Low unemployment will lead to:
(A)
Increased living standards
(B)
Reduced living standards
(C)
Increased output
(D)
Inflation
Question-3
When people are willing to do job, but cannot find anything, the condition is termed:
(A)
Inflation
(B)
Unemployment
(C)
Balance of payments
(D)
Real income
Question-4
Increase in the average price level of goods and services over time is known as:
(A)
Inflation
(B)
Unemployment
(C)
Balance of payments
(D)
Rent income
Question-5
People may buy foreign goods instead of buying their on country's goods.This is a result of:
(A)
Unemployment
(B)
Low income
(C)
Real income
(D)
Inflation
Question-6
The price of one in terms of another is:
(A)
Exchange rate
(B)
Imports
(C)
Exports
(D)
Economic growth
Question-7
A country's Gross Domestic Product increases because of:
(A)
Inflation
(B)
Unemployment
(C)
Low income
(D)
Economic growth
Question-8
Which is paid directly from income?
(A)
Direct tax
(B)
Indirect tax
(C)
Fiscal policy
(D)
VAT
Question-9
Trade Description Act was passed in:
(A)
1958
(B)
1968
(C)
1978
(D)
1988
Question-10
Goods and services sold from one country to other countries.
(A)
Export
(B)
Import
(C)
Exchange rate
(D)
Repo rate
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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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