Contents

……….is the amount of income from which tax is exempted.
a) Debt   
b) Credit                
c) Rebate
d) Cited

c

If increase in one quantity produces decrease in the other quantity, this is called………..
a) Direct proportion                             
b) Ratio
c) Inverse proportion        
d) None of these

c

How many types of bank accounts are there?
a) 3         
b) 4                         
c) 5        

d) 6

b

Concession that sales-man offers on written price of goods is called…….
a) Profit 
b) Markup             
c) Discount

c

Institution that concern with business lone and deposited etc. is called……
a) University
b) Post office        
c) Bank                 

c

(Sale price – Cost price) =…………..
a) Loss  
b) Bonus                
c) Profit

c