A-Level经济真题（2）

1.Whichone of the following is not the role of investment banks?

A  take in deposits from customers

B  helping firms to issue shares and raisefinance

C  assisting with mergers and acquisitions

D  investment management

2.Whichone of the following is correct?

A  banks can not engage in both commercial andinvestment banking activities

B  banks create deposits by providing loans

C  investment banks take in deposits fromcustomers

D  commercial banks and investmentbanks have no risks

3.Three aims of commercial banks are liquidity, profitability andsecurity.To achieve these aims, the banks hold a range of assets.  Which one of the following shows a list ofbanks’ assets ranging from the most liquid to the least liquid?

4.Whichone of the following is not the difference between Investment Bank andCommercial Bank?

A  Deposits

B  Loans and lending services

C  The number of consumers

D  Can not exist in one bank

5.Whichone of the following is not the risk of Investment Banks?

A  Legal Risk

B  Credit Risk

C  Reputation Risk

D  Price Risk    

6.Assume the Chinese monetary authorities arecommitted to maintaining the exchange rate of China’s currency, the Yuan,against the US$ between P1 and P2 on the diagram.

What might they do if demand changed from D1 to D2?

A. impose controls on Chineseinvestment overseas

B. increase interest rates $

C. sell US$ from foreign exchangereserves

D. sell Yuan on the foreign exchange markets   

7.What is usually a characteristic of low incomedeveloping countries?

A. an absenceof government intervention in the economy

B. low birthrates

C. lowtertiary sector output as a percentage of GDP

D. zero tariffs on imports 

8.Which policy is likely to promote economicdevelopment in a developing economy but may lead to a decline in the rate ofeconomic growth?

A. a policy to increase female participation in thelabour market

B. a policy to increase immunisation rates

C. a policy to reverse environmental degradation

D. a policy to promoteexports

9.The Sri Lankan government decides to offerfinancial support to local firms. Of what is this an example?

A. a quota

B. a subsidy

C. a tariff

D. exchange control

10.Drinks producers in India are resisting plans toremove tariffs on imported drinks. They claim that a reduction in tariffs woulddestroy the emerging drinks industry with large-scale imports of cheap drinks.Which argument for protectionism are they putting forward?

A. thedeclining industry argument

B. the infantindustry argument

C. thestrategic industry argument

D. the sunset industry argument