Question # 1

When was the world Federation of Trade Union founded?

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1949

1945

1946

1942

Every country establishes central bank to:

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issue notes

Supervise commercial banks

Give loans to businessmen

Both a and b

A pressure works for the Welfare of:

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Weaker sections of the society

All section of the society

Its members only

government employees

'From each according to his ability, to each according to his need' is the theoretical slogan of which system?

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Communist system

Capitalist system

Fascist system

None of these

Normal profit occurs when:

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Average revenue equals average variable cost

Marginal revenue equals marginal cost

Average revenue equals marginal cost

Average revenue equals average cost

Where is the headquarters of East African Development Bank?

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Uganda

South Africa

Zambia

Zimbabwe

The term 'Socialism' was first used by

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Robert Owen

Karl Marx

Lenin

Bernstein

The effects of inflation on the price competitiveness of a country products may be offers by:

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An appreciation of the currency

A revaluation of the currency

A depreciation of the currency

Lower inflation abroad

The theory of Natural Rights holds that:

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Right are a divine creation

Right came form pre-civil society

Right were granted by the king

Right6s are granted by the Constitution

The sudden and violent overthrow of a government almost invariably by military is termed as:

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Revolution

Political change

Coup d' etat

none of these

What is the single most important factor that makes the markets works?

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Money

Alan Greenspan

Markets don't works

Greed

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