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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
The other name of trade cycle.
(A)
Business cycle
(B)
Fall in cycle
(C)
Growth cycle
(D)
Decentralisation
Question-3
GDP is:
(A)
Gross Domestic Product
(B)
Gradual Decreased Product
(C)
Gross Domicile Product
(D)
General Distribution Power
Question-4
Which is paid directly from income?
(A)
Direct tax
(B)
Indirect tax
(C)
Fiscal policy
(D)
VAT
Question-5
Tax on an imported good is:
(A)
Tax
(B)
Import tariff
(C)
Export tax
(D)
Export duty
Question-6
The price of one in terms of another is:
(A)
Exchange rate
(B)
Imports
(C)
Exports
(D)
Economic growth
Question-7
A physical limit to import a good is known as:
(A)
Import quota
(B)
Import tax
(C)
Indirect tax
(D)
Export duty
Question-8
People may buy foreign goods instead of buying their on country's goods.This is a result of:
(A)
Unemployment
(B)
Low income
(C)
Real income
(D)
Inflation
Question-9
Low unemployment will lead to:
(A)
Increased living standards
(B)
Reduced living standards
(C)
Increased output
(D)
Inflation
Question-10
A change in interest rate by government is:
(A)
Taxation
(B)
Repo rate
(C)
Monetary policy
(D)
Exchange rate
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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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