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Question-1
Goods and services sold from one country to other countries.
(A)
Export
(B)
Import
(C)
Exchange rate
(D)
Repo rate
Question-2
The tax on the profits made by business is:
(A)
Corporate tax
(B)
Disposable income
(C)
Direct tax
(D)
Indirect tax
Question-3
Low unemployment will lead to:
(A)
Increased living standards
(B)
Reduced living standards
(C)
Increased output
(D)
Inflation
Question-4
Unemployment leads to:
(A)
Low out put
(B)
High rate of GDP
(C)
Increase in real income
(D)
Low rate of price of commodities
Question-5
Tax on an imported good is:
(A)
Tax
(B)
Import tariff
(C)
Export tax
(D)
Export duty
Question-6
Goods and services bought in buy one country from other country is:
(A)
Exports
(B)
Imports
(C)
Exchange rate
(D)
Reverse repo rate
Question-7
The amount added to the prices of goods and paid as tax.
(A)
Direct tax
(B)
Indirect tax
(C)
Fiscal policy
(D)
VAT
Question-8
A country's Gross Domestic Product increases because of:
(A)
Inflation
(B)
Unemployment
(C)
Low income
(D)
Economic growth
Question-9
GDP is:
(A)
Gross Domestic Product
(B)
Gradual Decreased Product
(C)
Gross Domicile Product
(D)
General Distribution Power
Question-10
Selling of illegal goods is dealt in:
(A)
Consumer credit
(B)
Weight and Measures
(C)
Trade description
(D)
Sale of Goods Act
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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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