Economics II | Study Mode

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Question 51
A
Dealing in foreign exchange
B
Issuing of currency
C
Accounting deposit from private customers
D
Acting as bankers bank
Explanation

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Correct option: C
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Question 52
A
manpower to another countries
B
crude oil
C
petroleum products
D
palm oil and cocoa
Explanation

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Correct option: B
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Question 53
A
freedom of action
B
limited liabilities
C
Quick decision-making
D
Personal contact with customers
Explanation

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Correct option: B
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Question 54
A
Make possible for an individual to build up store of many things for future use
B
Makes it possible for payment to be postponed from the present to a future date
C
Facilitate the exchange of goods
D
Makes easy calculations possible
Explanation

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Correct option: B
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Question 55
A
industrialization
B
export-promotion
C
import-substitution
D
import-expansion
Explanation

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Correct option: C
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Question 56
A
Durability
B
Portable
C
Identifiable by all
D
Measure of value
Explanation

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Correct option: D
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Question 57
A
Indirect tax, direct tax, and loans expected within a financial year
B
Planned recurrent expenditure and planned investment expenditure
C
Planned capital expenditure for a development plan within a plan period
D
Planned expenditure and expect revenue within a financial year
Explanation

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Correct option: D
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Question 58
A
a socialist economy
B
a capitalist economy
C
a mixed economy
D
an industrial economy
Explanation

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Correct option: C
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Question 59
A
tax that falls as income rises
B
tax that rises as income falls
C
tax that is independent of income
D
tax that rises as income rises
Explanation

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Correct option: D
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Question 60
A
the factors of production
B
allocation of scarce resources
C
the gross domestic product (GDP)
D
national income
Explanation

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Correct option: B

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