Friday, 4 January 2013

QOTW 15


1. Which of these best describes the reserve bank of India?
A. Responsible for monetary policy/money supply
B. Prints money.
C. Keeps the country out of debt.
D. Helps people in need.

2. The prices of meat products in a competitive market are determined by
A. Government.
B. Business monopolies.
C. Supply and demand.
D. The Consumer Price Index.

3. The purchasing power of people's incomes is most affected by:
A. The inflation rate.
B. The trade deficit.
C. The balance of payments.
D. Supply and demand.

Send your answers in to profKMody@gmail.com by Monday 7 January 3013
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