A joint stock company enjoys perpetual existence because
There is a higher degree of specialization
It is a corporate entity
It is formed by a minimum of seven members
Its shares are easily
Correct answer is B
A joint stock company enjoys perpetual existence because it is a corporate entity. This means that the company is a legal person separate from its members. As a result, the company can continue to exist even if the members change or die.
A country is described as developing if
The income per head is low
The contribution of tertiary sector to national income is high
The population is decreasing
There is low labour supply
Correct answer is A
A country is described as developing if the income per head is low. A developing country is a country that is in the process of economic development. This means that the country is trying to increase its standard of living and improve the quality of life for its citizens.
One of the key indicators of a developing country is the income per head. This is the average income of a person in the country. If the income per head is low, it means that the standard of living in the country is also low.
Trade protection will assit economic growth in developing countries if it can
Allow the importation of cheaper goods people want
Effectively safeguard newly established firms
Eliminate importation of all commodities
Generate enough revenue through export duties
Correct answer is B
Newly established firms in developing countries often face stiff competition from established foreign firms. Trade protection can help these new firms to compete by shielding them from some of the competition. This can give them time to grow and develop, and eventually become competitive on their own.
Tariffs, quotas and embargoes are examples of
Trade restriction policies
Monetary policies
Fiscal policies
Foreign exchange policies
Correct answer is A
Trade restriction policies are government interventions that are designed to restrict the flow of goods and services between countries. They can be used to protect domestic industries from foreign competition, to raise revenue for the government, or to achieve other policy objectives.
Tariffs are taxes that are imposed on imported goods. Quotas are limits on the quantity of goods that can be imported. Embargoes are bans on the import or export of certain goods.
7
8.5
8
7.5
Correct answer is A
The median mark is the middle mark when the marks are arranged in ascending order. First, let's arrange the marks in ascending order: 5, 6, 7, 7, 7, 8, 8, 9, 9
Since there are 9 students, the median mark is the average of the 4th and 5th marks. The 4th mark is 7 and the 5th mark is also 7, so the median mark is 7.
Therefore, the answer is 7.