Economics Test 6
Total Questions: 25
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A ) Council of Mutual Economic Assistance
B ) European Free Trade Association
C ) European Economic Community ✅
D ) Council of Europe
A ) Bills of exchange ✅
B ) Cheques
C ) Bank notes
D ) Coins
A ) Token money
B ) Full-bodied money ✅
C ) Quasi-money
D ) Fiat money
A ) J M Kaynes
B ) Thomas Gresham ✅
C ) L E Mises
D ) R G Hawtrey
A ) Taxation
B ) Bank rate
C ) Open-market operations
D ) Credit rationing ✅
A ) Low rate of interest
B ) Very low rate of interest
C ) High rate of interest
D ) Very high rate of interest ✅
A ) As a pensioner ✅
B ) As a debtor
C ) As a entrepreneur
D ) As an equity-holder
A ) Accepting public deposits
B ) Granting loan and advances
C ) Undertaking agency functions
D ) Banker to the government ✅
A ) South Africa
B ) UK ✅
C ) Canada
D ) Australia
A ) Tax is levied on a service
B ) Tax is levied always on products
C ) Points of impact and incident are the same
D ) Points of impact and incidence are different ✅
A ) Corporation tax
B ) Wealth tax
C ) Income tax
D ) Sales tax ✅
A ) 1 December 1999
B ) 4 January 1999 ✅
C ) 1 January 2000
D ) 1 January 2001
A ) 1 December 1999
B ) 1 January 2000
C ) 1 January 2001
D ) 1 January 2002 ✅
A ) 22%
B ) 10%
C ) 5%
D ) 1% ✅
A ) Frankfurt
B ) Bonn
C ) Berlin
D ) Stuttgart ✅
A ) Brl
B ) Bel
C ) Bbl ✅
D ) Obl
A ) Underemployment
B ) Disguised unemployment
C ) Temporary unemployment
D ) Cyclical unemployment ✅
A ) Marshall's Paradox
B ) Adam's Law
C ) Gresham's Law
D ) Giffen's Paradox ✅
A ) Inflation ✅
B ) Income
C ) Tax
D ) Import
A ) Unemployment caused by the changing structure of an industry or of society ✅
B ) Unemployment caused after the completion of a major construction project
C ) Unemployment caused due to depressed economy
D ) Unemployment caused due to industrial sickness
A ) Rome Treaty of 1957 ✅
B ) Bretton Woods Treaty of 1944
C ) Geneva Treaty,1947
D ) London Treaty, 1957
A ) Malaysia
B ) Italy ✅
C ) Singapore
D ) USA
A ) 1 January 1995 ✅
B ) 1 January 1997
C ) 1 December 1999
D ) 1 June 2000
A ) Iraq
B ) USA ✅
C ) Saudi Arabia
D ) Russia
A ) Milton Friedman ✅
B ) Adam Smith
C ) Alfred Marshall
D ) Karl Marx