Tuesday, 21 February 2017

Business and Economics Question Answer

Q1.  'VAT' is imposed-
1) Dierctly on consumer

2) On first stage of production
3) On all stages between production and sale
4) On final stage of production 

Ans: 3

Q2. What is 'Super-301'?

1) Modern computer 

2) A variety of rice 

3) An insecticide

4) American Trade Law

Ans: 4

Q3. The 'Closed Economy' is the economy in which -

1) Only export takes place

2) Budget deficit is less

3) Only import takes place 

4) There is no foreign trade

Ans: 4


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