Mini Quiz For National Economics And Financial Management

10 Questions | Total Attempts: 117

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Financial Management Quizzes & Trivia

This is Mini Quiz 2 for NEFMQ 2010.


Questions and Answers
  • 1. 
    1.       Specialisation and trade will increase total output available. Therefore, it is best for a person to specialise in the production of the good in which he has ___________.
    • A. 

      More resources

    • B. 

      Absolute advantage

    • C. 

      Comparative advantage

    • D. 

      Higher opportunity cost

  • 2. 
    In price discrimination, who should be charged the lowest price?
    • A. 

      The poorest

    • B. 

      The group with a positive price elastic demand

    • C. 

      The group with a negative inelastic demand

    • D. 

      The group with a perfectly elastic demand

  • 3. 
    The table below shows the changing Certificate of Entitlement (COE)  premium for cars smaller than 1600cc in 2009.   Month Price March S$3864 June S$11690 October $16231 December $17615   Which reason is false about the cause of the changing price pattern?
    • A. 

      Fall in supply of COE

    • B. 

      Fall in income of consumers

    • C. 

      Rising cost of public transport

    • D. 

      None of the above

  • 4. 
    The current account surplus(CA=Y-X>0) is equal to the sum of (Y=income, X=net import, T= tax, G= government expenditure, S=savings, I=investment) :
    • A. 

      The government deficit (T-G0).

    • B. 

      The government surplus (T-G>0) and the private surplus (S-I>0).

    • C. 

      The government deficit (T-G

    • D. 

      The government surplus (T-G>0) and the private deficit (S-I

  • 5. 
    Other things being equal, the slope of the aggregate expenditures curve will increase as a result of:
    • A. 

      A decline in the size of the inflationary gap.

    • B. 

      A decline in the general price level.

    • C. 

      An increase in the MPC.

    • D. 

      An increase in the MPS.

  • 6. 
    Which of the followings is not one of the top 3 largest stock exchange markets in the world (by 2009)?
    • A. 

      New York Stock Exchanges

    • B. 

      NASDAQ

    • C. 

      The London Stock Exchange

    • D. 

      Toronto Stock Exchange

  • 7. 
    Which of the followings is not a protection against credit card fraud?
    • A. 

      Never do online shopping by using credit card

    • B. 

      Signing on the credit card

    • C. 

      Check the bills regularly

    • D. 

      Reporting to the issuer if the card lost or stolen

  • 8. 
    Which of following is true about CPF?
    • A. 

      It provides housing grant for Singaporean and Singapore PR.

    • B. 

      The ordinary and special accounts can be used for investment.

    • C. 

      It has two accounts: ordinary and special.

    • D. 

      It can be used to repay the outstanding education loans.

  • 9. 
    An agent is trying to gather information about his prospect, Mr Ong. Which of the following information should the agent determine? (i) Whether Mr Ong needs life insurance (ii) Whether he has any health conditions that could make him uninsurable (iii) Whether Mr Ong can afford to buy life insurance
    • A. 

      (i) and (ii) only

    • B. 

      (i) and (iii) only

    • C. 

      (ii) and (iii) only

    • D. 

      (i), (ii) and (iii)

  • 10. 
    Which of the following should you not consider before investing?
    • A. 

      My investment objective

    • B. 

      My desired rate of return

    • C. 

      Historical performance of investment I am considering

    • D. 

      My risk appetite