MACRO ECONOMICS

If the US dollar appreciates relative to the Canadian dollar, what is a likely outcome?

• trade surplus in US
• trade deficit in Canada
• trade deficit in both
• trade surplus in Canada

An increase in the value of currency is called

• appreciation
• depreciation
• trade surplus
• exchange rate

Prices at which currencies are traded is called...

• Exchange Currency
• Exchange Rate
• Foreign Exchange Market
• Local Currency Demand

Which one of the following is not an objective of government budget?

• Reallocation of resources

• Economic stability

• Increasing regional disparities

• Economic growth

'Construction of a school building' is a

• Capital receipt

• Revenue expenditure

• Capital expenditure

• Revenue receipt

The non-tax revenue in the following is

• Income tax

• Corporate tax

• Dividends

• Borrowing

The incidence of tax refers to

• Level and rate of taxation

• Who ultimately bears the money burden of the tax

• Growth of taxation

• Way in which a tax is collected

A direct tax is a tax which is imposed on.

• Corporations only

• None of these

• Individuals only

• Individuals and corporations

Borrowings are equivalent to:

• Revenue deficit

• Primary deficit

• Fiscal deficit

• None of these

Escheats is an example of:

• Capital Receipts

• Revenue Receipts

• Capital Expenditure

• Revenue Expenditure