Economics Test 9

Total Questions: 25

1 - 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

2 - The smallest unit of ownership of a company is:

A ) A share ✅
B ) A debenture
C ) Fifty percent of the equity capital
D ) One percent of the equity capital

3 - It was earlier known as the Bank of Italy. What is known as nowadays?

A ) Bank of England
B ) Bank of America ✅
C ) Standard & Chartered Bank
D ) ANZ Grindlay's Bank

4 - In which stock exchange is the number of scripts listed the largest in the world?

A ) New York Stock Exchange
B ) Bombay Stock Exchange ✅
C ) London Stock Exchange
D ) NASDAQ

5 - Who is a "Lame Duck" in a stock market?

A ) A naive investor
B ) A new investor
C ) A member of the stock exchange who cannot meet his obligations; ✅
D ) A member of the stock exchange who is engaged in insider trading

6 - An ATM(automated teller machine) card is basically a:

A ) Credit card
B ) Charge card
C ) Debit card ✅
D ) Corporate card

7 - Debenture holders of a company are it's:

A ) Shareholders
B ) Creditors ✅
C ) Debtors
D ) Directors

8 - 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

9 - Rate of growth of an economy is measured in terms of:

A ) Per Capita income
B ) Industrial development
C ) Number of people who have been lifted above the poverty line
D ) National income ✅

10 - The standard of living in a country is represented by its:

A ) National income
B ) Per capita income ✅
C ) Poverty ratio
D ) Unemployment rate

11 - Which is the best measure of economic growth of a country?

A ) GNP ✅
B ) GDP
C ) Net revenue
D ) None of these

12 - Which of the following is the basis for determining the national income?

A ) Total revenue of the state
B ) Net profit earned and expenditure incurred by the state
C ) Production of goods and services ✅
D ) All of these

13 - Which of the following are referred to as the developed economics?

A ) Countries earning huge industrial profits
B ) Countries proficient in trade and export
C ) Countries have large per capita income ✅
D ) Countries advanced in technology

14 - The existence of a Parallel Economy or Black Money:

A ) Makes the economy more competitive
B ) Makes the monetary policies less effective ✅
C ) Ensures a better distribution of income and wealth
D ) Ensures increasing productive investment

15 - The communist manifesto was first published in which language?

A ) English
B ) French
C ) German ✅
D ) Russia

16 - Main bearsrs of the burden of indirect tax are:

A ) Manufacturers.
B ) Traders
C ) Consumers ✅
D ) Tax payers

17 - A tax that take away a higher proportion of one's income as the income rises is termed as

A ) Indirect tax
B ) Progressive tax ✅
C ) Regressive tax
D ) Proportional tax

18 - Excise Duties are taxes on:

A ) Sale of commodities
B ) Export of commodities
C ) Production of commodities ✅
D ) Import of commodities

19 - Companies pay Corporation Tax on their:

A ) Investment
B ) Production
C ) Sales
D ) Incomes ✅

20 - The rate of growth of per capita income is equal to:

A ) Rate of growth of national income divided by the rate of growth of population
B ) Growth in national income divided by the increase in population
C ) Rate of growth of national income minus the rate of growth of population ✅
D ) Rate of growth of national income

21 - If saving exceeds investment, the national income will:

A ) Fall
B ) Rise
C ) Fluctuate
D ) Remain constant ✅

22 - Which of the following is not required while computing Gross National Product (GNP)?

A ) Net foreign investment
B ) Private investment
C ) Per capita income of citizens. ✅
D ) Purchase of goods by government

23 - The sum total of income received for the services of labour,land or capital in a country is called:

A ) Gross domestic product
B ) National income ✅
C ) Gross domestic income
D ) Gross national income

24 - Which of the following is an indirect tax?

A ) Corporation Tax
B ) Excise Duty ✅
C ) Wealth Tax
D ) Capital Gains Tax

25 - Which of the following is not a direct tax?

A ) Tax on income
B ) Tax on wealth
C ) Tax on expenditure
D ) Tax on entertainment ✅