Who is a “Lame Duck” in a stock market ?

A. a new investor
B. a old investor
C. a member of the stock exchange who cannot meet his obligations
D. none of the above

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

The standard of living in a country is represented by its ?

A. national income
B. per capita income
C. poverty ratio
D. none of these

Transfer payments means ?

A. bank loans
B. the payment without work
C. tax payments
D. payments made to all factors of production

Which function is performed by both commercial banks and central banks ?

A. acting as bankers to the government
B. advising the government on monetary policy
C. dealing in foreign exchange
D. fixing the main interest rate

If saving exceeds investment the national income will ?

A. fall
B. rise
C. fluctuate
D. remain constant

What is called the stock that sells at a high price ?

A. blue chip
B. blue chipper
C. an extremely valuable asset or property
D. all of these

Of which item’s chief exporter is Indonesia ?

A. gold
B. silver
C. wheat
D. sugar

What is called the situation in which a debtor remains unable to pay his creditors in full ?

A. bankruptcy
B. default
C. total loss
D. crash

India is the chief exporter of ?

A. mica
B. rubber
C. silver
D. gold