(A) All inputs are fixed.
(B) All inputs are variable.
(C) At least one input is variable and one input is fixed.
(D) At most one input is variable and one input is fixed.
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South Asia has 22% of word population The percentage of income it has:
(A) 22%
(B) 10%
(C) 5%
(D) 1%
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From when did the euro became the legal tender:
(A) 1 December 1999
(B) 1 January 1999
(C) 1 January 2001
(D) 1 January 2000
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Euro the new common currency of europeon countries began its life world wide on:
(A) 1 December 1999
(B) 4 January 1999
(C) 1 January 2000
(D) 1 January 2001
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Which of the following is an example of indirect tax:
(A) Corporation tax
(B) Wealth tax
(C) Income tax
(D) Sales tax
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An indirect tax is one where:
(A) Tax is leaved on service
(B) Tax is leaved always on products
(C) Points of impact and incidence are the same
(D) Points of impact and incidence are different
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The branch banking system is in vogue in most countries of the world in which country was it first developed:
(A) South Africa
(B) UK
(C) Canada
(D) Austrailia
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Which of the following is not a function of a commercial bank:
(A) Accepting public deposits
(B) Granting loans and advances
(C) Undertaking agency functions
(D) Banker to the government
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In which capacity does a person stand to gain from deflation:
(A) As a prisoner
(B) As a debtor
(C) As an enterprenur
(D) As an equity-holder