(A) Unsatisfaction of human wants
(B) Evaluation of alternative uses of scarce
resources
(C) Both
(D) None
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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
-
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
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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