(A) The coffee market, where the product is standardised and there are a large number of
coffee growers.
(B) The automobile industry, where there are few producers but there is great product
differentiation.
(C) The market for copper, where there are very few producers and the product is
standardised.
(D) The fast-food market, where there are a large number of producers but the demand for
fast food is inelastic.
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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%
-
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
-
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
-
Which of the following is an example of indirect tax:
(A) Corporation tax
(B) Wealth tax
(C) Income tax
(D) Sales tax
-
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
-
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
-
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
-
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