Terminology Online Test With Answers

Terminology Online Test

Sr. # Questions Answers Choice
1 What of the following is false about W.T.O? It is the main organ implementing the Multilateral Trade Agreement It is global in its membership It has far wider scope than GATT Only countries having more than prescribed level of total GDP can become its members
2 When was Bank of Central African States formed? 1974 1978 1973 1979
3 Which of the following established as the Breton Woods Conference in 1944? IMF World Bank WHO Both a & b
4 According to the law of demand,when: Price increases demand decreases Price decreases demand decreases Price increases demand increases Price decreases demand does not change
5 Share premium account can be used for- Paying tax liability Meeting the cost of issue of shares or debentures Paying Dividend on shares Meeting the loss on sale of old asset
6 The resources in the economy do not include: Demand Land Labour Capital
7 In a free market the combination of products produced will be determined by: Market forces of supply and demand The goverment The law The Public sector
8 Which of the following is an indirect tax? Coroporation tax Excise Duty Wealth tax Capital Gains tax
9 Investment is defined as a- Deployment of a sum in business operations Purchasing an interest bearing bond Change in the stock of capital All the above
10 The charge in quantity demanded because of the change in the relative price of the product? Change in quantity demanded Change in demand Law of demad Substitution effect
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