Question # 1

Which one of he following is not a natural element of power?

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Political parties

Resources

Population

Geography

What does 'the Civic List' man and refer to in the UK?

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Money paid by the taxpayer for the upkeep of civil rights groups

Money paid by the taxpayer for the upkeep of the unemployed

Money paid by the taxpayer for the upkeep of the Royal family

Money paid by the taxpayer to servicemen recently discharged form the armed forces

A voluntary association of people formed to carry on some kind of economic activity that will benefit its members?

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Revenues

Cooperative

Horizontal merger

Labour union

When was Bank of Central African States formed?

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1974

1978

1973

1979

Who among the following is an acclamied analyst of political parties?

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Lasswell

Laski

Huntington

Duverger

In monopoly when abnormal profits are made:

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The price set is greater than the marginal cost

The price is less than the average cost

The average revenue equals the marginal cost

Revenue equals total cost

Which of the following is not a direct tax?

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Income tax

Property tax

Sales tax

House tax

In common meaning inflation is a condition in which__

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Price of commodity increases

Value of money decreases

Price of Commodity and value of both increases

Price of commodity increases and value of money decreases

If an increase in investment leads to a bigger increase in national income this is called the:

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Aggregate demand

Accelerator

Monetarism

Multiplier

The charge in quantity demanded because of the change in the relative price of the product?

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Change in quantity demanded

Change in demand

Law of demad

Substitution effect

The reserves of a commercial bank consist of:

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The amount of money market funds it holds.

Deposits at the Federal Reserve Bank and vault cash

Government bonds which the bank holds

The bank's net worth.

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