The following measures used to check deflation EXCEPT?
A. deficit financing B. improving distribution system C. increasing wages and salaries D. raising the bank rate E. reducing taxation Correct Answer: Option D – raising the bank rate
A deliberate government policy to exclude foreign participation in certain economic activity is known as?
A. commercialization B. indigenization C. liberalization D. localization E. privatization Correct Answer: Option B – indigenization
The following methods are used in calculation of National Income EXCEPT?
A. depreciation B. Expenditure C. Income D. Output E. value added Correct Answer: Option A – depreciation
Which of the following measures can be used to control inflation?
A. decrease in bank rate B. Decrease in taxation C. deficit budget D. Export drive E. Increase in government expenditure Correct Answer: Option D – Export drive
Which of the following is a disadvantage of sole proprietorship?
A. Does not enjoy limited liability B. Decisions are easily made and implemented C. Easy to set up D. Enjoys secrecy E. Maintains dose relationship with workers and customers Correct Answer: Option A – Does not enjoy limited...Products
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