Question 1 of 20 4,545 total questions
The reward for capital is
A interest
B rent
C risk premium
D premium
When a pen and a book is demanded together, the demand is said to be
A composite
B competitive
C joint
D derived
which of the following is an indirect tax
A income tax
B company tax
C profit tax
D sales tax
The quantity demanded of a commodity is influenced only by changes
A tastes
B weather
C price of the commodity
D Price of other commodities
which of the following combination of qualities ensures a good tax system?
A Deflationary equity, certainty and convinience
B Economy convinience, certainty and equity
C Economy, deflationary, inflationary and certainty
D Economy, convinience, certainty and inflationary
balance of trade is define as the relationship between
A invisible imports and exports
B visible and invisible exports
C imports and exports of services
D visible exports and visible imports
In ordinary partnership, the risks are
A borne by the workers
B borne by the creditors
C shared among the partners
D undertaken by the active partners
Provision of services is classified under
A primary production
B secondary production
C tertiary production
D production possibilities
Commodity market can best be described as a market in which
A goods are sold
B labour is sold and bought
C short-term loans are obtained
D quoted stocks are bought
Price discrimination can only occur when there is
A perfect competiton
B imperfect competition
C a merge
D partnership
The population which yields the highest level of income per head is known as
A over-population
B under-population
C extreme population
D optimum population
which of the following is not n item of capital expenditure?
A Construction of highways
B Building of dams
C payment of salaries and wages
D building of a new universities
proportional tax refers to
A taxation of the rich only
B equal tax rate for all people
C unequal tax rate for all people
D taxation of civil servants only
Occupational distribution of population is mainly influenced by
A economic factors
B religious factors
C geographical factors
D social factors
Government revenue will increase if tax is imposed on a good whose demand is
A elastic
B inelastic
C unitary elastic
D perfectly elastic
The creation of utility can be referred to as
A value added
B profit maximization
C entreprenuership
D production
The reduction in the value of a country's currency of other nations is known as
A deflation
B devaluation
C inflation
D revaluation
A form of tax in which the poor pay a higher rate than the rich is known as
A regressive tax
B backward tax
C oppressive tax
D retrogressive tax
One quality of money which makes it possible to be carried easily is its
A Scarcity
B Durability
C portability
D acceptability
In a socialist economy, factors of production are owned and controlled by the
A citizens
B businessmen
C government
D foreigners
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