(A) 22%
(B) 10%
(C) 5%
(D) 1%
Tag: Economics Mcqs With Answers
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