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Question-1
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-2
Giving deliberately misleading impression about a product to a customer is dealt in:
(A)
Weight & Measures Act
(B)
Consumer credit
(C)
Trade Descriptions Act
(D)
Sale of Goods Act
Question-3
A change in interest rate by government is:
(A)
Taxation
(B)
Repo rate
(C)
Monetary policy
(D)
Exchange rate
Question-4
The value of goods and services produced in a country in one year is called:
(A)
GDP
(B)
Inflation
(C)
Unemployment
(D)
Real income
Question-5
GDP is:
(A)
Gross Domestic Product
(B)
Gradual Decreased Product
(C)
Gross Domicile Product
(D)
General Distribution Power
Question-6
Giving deliberately misleading impression about a product to a customer is dealt in:
(A)
Consumer Credit Act
(B)
Weight and Measures Act
(C)
Trade Description Act
(D)
Sale of Goods Act
Question-7
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-8
The other name of trade cycle.
(A)
Business cycle
(B)
Fall in cycle
(C)
Growth cycle
(D)
Decentralisation
Question-9
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-10
Trade Description Act was passed in:
(A)
1958
(B)
1968
(C)
1978
(D)
1988
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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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