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Question-1
When price rising rapidly, it will give a chance to:
(A)
Unemployment
(B)
Economic growth
(C)
Inflation
(D)
Deflation
Question-2
The other name of trade cycle.
(A)
Business cycle
(B)
Fall in cycle
(C)
Growth cycle
(D)
Decentralisation
Question-3
A physical limit to import a good is known as:
(A)
Import quota
(B)
Import tax
(C)
Indirect tax
(D)
Export duty
Question-4
Trade Description Act was passed in:
(A)
1958
(B)
1968
(C)
1978
(D)
1988
Question-5
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-6
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-7
Goods and services sold from one country to other countries.
(A)
Export
(B)
Import
(C)
Exchange rate
(D)
Repo rate
Question-8
Sale of Goods Act was passed in:
(A)
1979
(B)
1951
(C)
1968
(D)
1974
Question-9
The amount added to the prices of goods and paid as tax.
(A)
Direct tax
(B)
Indirect tax
(C)
Fiscal policy
(D)
VAT
Question-10
Consumer Protection Act was passed in:
(A)
1951
(B)
1968
(C)
1986
(D)
1979
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Cambridge Advanced Grade 12
IGCSE
Practice in Related Chapters
Purpose of Business Activity
Types of Business Activity
Other External Influences on Business
Forms of Business Organisation
Financing Business Activity
Enterprise
Business Structure
Size of Business
Business Objectives
Recruitment, Training and Human Resources
External Economic Influences on Business Behaviour
Stakeholders in a Business
Organisational Structure
Government and Economic Influences on Business
Managing a Business
Communication in Business
Motivation at Work
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