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1091
In the balance of payments of a country, tourism is classified under
  • A. capital account
  • B. invisible trade
  • C. merchandise trade
  • D. official reserves
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1092
General rise in the price level induced by increased price of inputs is referred to as
  • A. run-away inflation
  • B. cost -push inflation
  • C. demand -pull inflation
  • D. imported inflation
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1093
Which of the following is a function of merchant banks?
  • A. Acting as bankers' bank.
  • B. Lending to the commercial banks as a last resort
  • C. controlling inflation in the economy
  • D. underwriting and issuing of shares
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1094
A budget is balance when expected total revenue is
  • A. greater than expected expected expenditure
  • B. less than total expenditure
  • C. equal to expected expenditure
  • D. greater than total expenditure
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1095
A co-operative society is a
  • A. finance house
  • B. self -help business organization
  • C. public corporation
  • D. non-democratic business organization
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