Inflation means that _____.

1. 1. Rises in value
   2. Money becomes scarce
   3. Money falls in value
   4. None of these

Euro currency was launched in _____.

1. 1. January, 1999
   2. January, 1998
   3. January, 1997
   4. January, 1996

The rate of growth of per capita income is equal to _____.

1. 1. Rate of growth of national income divided by the rate of growth of population
   2. Rate of growth of national income minus the rate of growth of population
   3. Growth in national income divided by the increase in population
   4. Rate of growth of national income

If saving exceeds investment, the national income will _____.

1. 1. remain constant
   2. fluctuate
   3. rise
   4. fall

Companies pay Corporation Tax on their _____.

1. 1. production
   2. investment
   3. incomes
   4. sales

Excise Duties are taxes on _____.

1. 1. Import of commodities
   2. Export of commodities
   3. Sale of commodities
   4. Production of commodities

The standard of living in a country is represented by its _____.

1. 1. Per capita income
   2. Poverty ratio
   3. National income
   4. Unemployment rate

Debenture holders of a company are its _____.

1. 1. Directors
   2. Debtors
   3. Shareholders
   4. Creditors

A tax which is paid by the person on whom the tax is incident is called a _____.

1. 1. Rate
   2. Indirect tax
   3. Direct tax
   4. Local tax

Which of the following is not a direct tax?

1. 1. Sales tax
   2. Estate tax
   3. Wealth tax
   4. Corporation tax