CIPS
A6
Q1:
Which of the following headings would appear in the current account of a country's balance of payments?
○
A
Transactions in goods and services○
B
Transactions in external assets and liabilities○
C
Transactions in large sums of money○
D
Transactions in stocks and shares.
CIPS
A6
Q2:
Which of the following best describes the effect of inflation.
○
A
Too many people chasing too many goods○
B
Too few people chasing too few goods○
C
Too many people chasing too few goods○
D
Too few people chasing too many goods.
CIPS
A6
Q3:
Which of the following best describes the concept of exchange rates?
○
A
The amount of business transacted between one country and another during a year○
B
The speed with which a company receives payment for goods or services sold○
C
The ability of a country to take advantage of currency differences○
D
The value of one country's currency measured against that of another.
CIPS
A6
Q4:
Which of the following best describes the pricing policy known as 'penetration pricing'?
○
A
A price in line with that being charged by competitors○
B
A high price aimed at a quick recovery of costs○
C
A low price set to gain a large share of the market○
D
A temporary price reduction to increase sales or 'ward off ' competition.
CIPS
A6
Q5:
Which of the following is an important concept in economic theory?
○
A
PEST analysis○
B
Product life cycle○
C
Profit maximization○
D
Sampson's concept.