Economics 2014 | Study Mode

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Question 31
A
provision of social infrastructures
B
granting of subsidies on petroleum products
C
stabilization of oil prices
D
building of refineries
Explanation

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Correct option: C
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Question 32
A
downstream sector of the oil industry
B
upstream and downstream sector of the oil industry
C
upstream sector of the oil industry
D
midstream and upstream sectors of the oil industry
Explanation

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Correct option: B
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Question 33
A
the expansion of factory space
B
the building of new warehouse
C
an increase in the cost of labour
D
an increase in the salaries of directors
Explanation

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Correct option: C
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Question 34
A
take over markets formally controlled by other firms
B
prevent other firms from entering the market
C
reduce advertisement and management cost
D
enjoy economies of large-scale production
Explanation

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Correct option: D
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Question 35
A
management
B
members without loan
C
shareholders
D
members with the highest contribution
Explanation

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Correct option: C
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Question 36
A
providing employment
B
siting industries
C
providing social amenities
D
allocating resources
Explanation

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Correct option: C
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Question 37
A
produce more food for the growing population
B
provide employment opportunities for the people
C
estimate a country's per capita income
D
fast track industrial development
Explanation

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Correct option: D
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Question 38
A
the highest denomination of the currency
B
an Act of the parliament
C
the system of government
D
the forest of demand and supply
Explanation

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Correct option: D
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Question 39
A
excise duties
B
import duties
C
quotas
D
tariff
Explanation

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Correct option: C
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Question 40
A
ensure adequate protection of infant industries
B
provide a mechanism for tariff reduction
C
assist countries with chronic balance of payments problem
D
assist developing countries to execute developmental projects
Explanation

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Correct option: D

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