AP (Advanced Placement) Macroeconomics: Questions 647 - 650 of 750

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Question 647

Appeared in Year: 2020 (NET)

Question

MCQ▾

Inadequacy or absence of KYC (Know Your Customer) standards can subject a bank to serious and counter party risk as follows

A. Reputation risk

B. Compliance risk

C. Legal risk

D. Bankruptcy risk

Choose the correct answer from the options given below:

(September Evening Shift)

Choices

Choice (5)Response

a.

A, C and D only

b.

B, C and D only

c.

A, B and C only

d.

A, B and D only

e.

Question does not provide sufficient data or is vague

Question 648

Question

MCQ▾

What is GNP?

Choices

Choice (5)Response

a.

GNP = GDP + Net factor Income from abroad

b.

GNP = C + I + G + (X-M)

c.

GNP = GDP + (X-M)

d.

GNP = GDP

e.

Question does not provide sufficient data or is vague

Question 649

Question

MCQ▾

If government՚s tax collection through gift tax is less as compared to the cost of collection it, the tax should be?

Choices

Choice (5)Response

a.

Continue

b.

Abolished

c.

Redefined

d.

Rates should be redefined

e.

Question does not provide sufficient data or is vague

Question 650

Question

MCQ▾

GDP is $ 10 million, consumer spending is $ 6 million, government spending is $ 3 million, exports are $ 2 million, and imports are $ 3 million. How much is spent for investments?

Choices

Choice (5)Response

a.

$ 2 million

b.

$ 4 million

c.

$ 0 million

d.

$ 3 million

e.

$ 1 million

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