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Question-1
The difference between country's exports and imports is called:
(A)
Exchange rate
(B)
Inflation
(C)
Balance of payments
(D)
Repo rate
Question-2
When price rising rapidly, it will give a chance to:
(A)
Unemployment
(B)
Economic growth
(C)
Inflation
(D)
Deflation
Question-3
Any change by the government in tax rate or public sector spending is:
(A)
Exchange rate
(B)
Reverse repo rate
(C)
Fiscal policy
(D)
Income tax
Question-4
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-5
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-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 tax on the profits made by business is:
(A)
Corporate tax
(B)
Disposable income
(C)
Direct tax
(D)
Indirect tax
Question-8
One firm controls or dominates the market for goods or services. This situation is referred to as:
(A)
Monopoly
(B)
Oligopoly
(C)
Duopoly
(D)
Free market
Question-9
Decision taken under the influence of moral code is:
(A)
Ethical decision
(B)
Moral decision
(C)
Empirical decision
(D)
Group decision
Question-10
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
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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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