
LIBF UNIT 3 TOPIC 2

Quiz
•
Business
•
12th Grade
•
Hard

A Smith
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Attendance Allowance payable for?
To anyone over 16 who spends 35 hours per week caring for someone
To those over state pension age with a long-term illness or disability
To parents or other people responsible for bringing up a child
To people in low-paid work to help with child-rearing costs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Benefits cap limit?
The total amount of benefits for working-age people
The number of hours a person can work while receiving benefits
The age at which a person can start receiving benefits
The number of children a family can claim benefits for
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Consumer Prices Index (CPI)?
To measure the total amount of benefits a person can receive
To calculate the price of a representative sample of goods monthly
To determine the eligibility for unemployment benefits
To assess the number of years people are expected to live
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Gross Domestic Product (GDP)?
The total amount of benefits a country provides
The value of all goods and services produced within a country over a year
The number of years people are expected to live
The amount of money paid to parents for child-rearing
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is means testing?
A process to determine the total amount of benefits a person can receive
A reduction of benefits if household income is above a certain level
A method to calculate the price of goods on a monthly basis
A benefit for those over state pension age with limited mobility
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a recession?
A period of at least six months with shrinking goods and services production
A time when benefits are increased for all claimants
A phase where the Consumer Prices Index (CPI) is stable
A period when the government increases taxes to boost the economy
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the benefit called that people receive from the state once they reach a certain age, provided they have paid or been credited with enough National Insurance contributions?
Statutory Maternity Pay
State Pension
Universal Credit
Working Tax Credit
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