A non-bank financial intermediary which is regarded as a pool of risks is the

A. co-operative society

B. stock exchange

C. insurance company

D. post office

A foreign exchange market deals in

A. treasury bills

B. currencies

C. government bonds

D. commodities

Which of the following institutions assists the government in managing the national debt?

A. Commercial banks

B. The Central banks

C. The capital market

D. The World bank

If tax takes a large proportion of the income of people with lower income, the tax is

A. progressive

B. proportional

C. regressive

D. investment

Which of the following is an example of direct tax?

A. import duties

B. income tax

C. export duties

D. purchase tax

Monetary control measure are coordinated by

A. Development banks

B. Merchant banks

C. comercial banks

D. the central banks

A country whose economy is buoyant is likely to have

A. a weak currency

B. devaluation from time to time

C. a strong currency

D. balance of payment problem

The Net National Product (NNP) is Gross National Product (GNP) less

A. domestic product

B. foreign product

C. depreciation

D. investment

If the population of a country is low and the Gross National Product is high, the per capita income will be

A. high

B. low

C. average

D. unitary

The population of a country in a certain year was fifty million and her per capita income was $2,050. What was the national income?

A. $750,000 million

B. $100,250 million

C. $102,500 million

D. $125,050 million