With whom would you associate the following quote” The business of business is business” ?
A. Milton Friedman
B. Adam smith
C. Alfred Marshal
D. Karl Marx
Which of the following groups suffer the most from inflation ?
A. Debtors
B. Creditors
C. Business class
D. None of these
Which of the following is an example of government policy that could reduce inflation ?
A. increasing bank lending
B. increasing import duties
C. reducing government expenditure
D. None of these
What can a central bank increase in order to reduce consumer borrowing ?
A. commercial bank deposits
B. government bank deposits
C. government spending
D. interest rates
E. None of these
The most industrialized country in Asia is ?
A. Japan
B. South Korea
C. Taiwan
D. Malaysia
If saving exceeds investment the national income will ?
A. Fall
B. Rise
C. Fluctuate
D. Remain constant
Devaluation of currency helps to promote ?
A. National income
B. Saving
C. Imports at lower cost
D. Exports
Which company holds the world record for having the maximum number of shareholders ?
A. Reliance Industries Ltd.
B. British Gas
C. General Motors
D. State Bank
Who is a “Lame Duck” in a stock market ?
A. A new investor
B. A old investor
C. A member of the stock exchange who cannot meet his obligations
D. None of the above
A tax which is paid by the person on whom the tax is incident is called a ?
A. Local tax
B. Indirect tax
C. Direct tax
D. Rate
