Question # 1

What is meant by the term, 'Compagnies d'Ordonnance'?

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French tanks of WW1

15th century French cavalry and mounted infantry

French tanks of WW2

French support troops in both world wars

Pass through effect in international trade theory refers to:

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The proportion of an exchange rate change that is reflected in export and import price change

Exports and imports not facing any tariff barrier

Exports and imports not facing any technical barrier

All of the above

Gross National Income is always more than net national income because it includes:

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Foreign income

Capital consumption allowance

Indirect taxes

Direct taxes

Menu costs in relation to inflation refer to:

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Costs of finding better raters of return

Cost of altering price lists

Costs of money increasing its value

Costs of revaluing the currency

POTA stand for:

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Prohibition of Terrorist Act

Prevention of Terrorist Act

Prevention of Territorial Act

Prevention of Terrorist Agency

Increase in fixed asset due to purchase is

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Source of fund

Fund from operation

Use of fund

None of the above

Where is the headquarters of East African Development Bank?

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Uganda

South Africa

Zambia

Zimbabwe

Who introduced the concept of 'Permanent Income Hypothesis'?

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Irving Fisher

Adam smith

Milton Friedman

Franco

Which of the following cannot be accepted factor of production?

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Land

Labour

Light of sun

Capital

What is a Cadenza?

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A note that is held for an amount of time that is up to the conductor

A tempo that is faster than moderato, but slower then allegretto

Another name for an accidental

an extended solo that is usually sped up or slowed down at the performers will

When was west African Monetary and Economic Union found?

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1991

1994

1992

1995

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