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Question-1
The amount added to the prices of goods and paid as tax.
(A)
Direct tax
(B)
Indirect tax
(C)
Fiscal policy
(D)
VAT
Question-2
When price rising rapidly, it will give a chance to:
(A)
Unemployment
(B)
Economic growth
(C)
Inflation
(D)
Deflation
Question-3
Goods and services bought in buy one country from other country is:
(A)
Exports
(B)
Imports
(C)
Exchange rate
(D)
Reverse repo rate
Question-4
The difference between country's exports and imports is called:
(A)
Exchange rate
(B)
Inflation
(C)
Balance of payments
(D)
Repo rate
Question-5
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-6
Which is paid directly from income?
(A)
Direct tax
(B)
Indirect tax
(C)
Fiscal policy
(D)
VAT
Question-7
Weight and Measures Act was passed in the year:
(A)
1949
(B)
1950
(C)
1951
(D)
1952
Question-8
A legal meeting which consider workers complaints of unfair dismissal or discrimination in work is:
(A)
Exchange rate
(B)
Ethical decision
(C)
Industrial Tribunal
(D)
Race relation
Question-9
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-10
When a country is experiencing economic growth , this will result in:
(A)
Inflation
(B)
Living standards
(C)
Unemployment
(D)
Deflation
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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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