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Question-1
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-2
The policy used by Government to improve the efficient supply of goods and service in a country.
(A)
Monetary policy
(B)
Supply side policy
(C)
Fiscal policy
(D)
Exchange rate
Question-3
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-4
A country's Gross Domestic Product increases because of:
(A)
Inflation
(B)
Unemployment
(C)
Low income
(D)
Economic growth
Question-5
A physical limit to import a good is known as:
(A)
Import quota
(B)
Import tax
(C)
Indirect tax
(D)
Export duty
Question-6
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-7
The tax on the profits made by business is:
(A)
Corporate tax
(B)
Disposable income
(C)
Direct tax
(D)
Indirect tax
Question-8
Which is paid directly from income?
(A)
Direct tax
(B)
Indirect tax
(C)
Fiscal policy
(D)
VAT
Question-9
VAT is:
(A)
Indirect tax
(B)
Direct tax
(C)
Corporate tax
(D)
Profit tax
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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