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Economics Past Questions and Answers

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Economics Questions

Question 4236:

The indices used to measure the cost of living is ____________

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A Consumption expenditure
B National income
C Per capital income
D Price index
E Savings and investment

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Question 4237:

In Economics, want means ____________ aspiration

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A Endless
B Qualitative
C Quantifiable
D Satisfied

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Question 4238:

Which of the following will NOT be a barrier to international trade?

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A Communication hindrances
B Easy conversion of currencies
C Geographical locations
D Ideological differences
E Imposition of duties and quotas

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Question 4239:

Excise duties are taxes levied on ____________

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A Goods coming into the country
B Goods going out of the country
C Industrial incomes
D Locally manufactured goods
E Selected consumer durable

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Question 4240:

The main differences between money market and capital market is that money markets

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A Acts as advisers to investor while capital markets teleguides
B Are owned by individuals, while capital markets are owned by government
C Accepts collateral, while capital markets does not accept such
D Accepts funds while capital markets disburse fun to investors
E Provide short term loans, while capital markets provide long-term loans

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