Question 1

Which is the only edible food that never goes bad?

Accepted Answer

Honey

Answer

Plumps

Answer

Peanut

Answer

Jack Beans

Question 2

Which country invented ice cream?

Accepted Answer

China

Answer

Turkey

Answer

Iceland

Answer

Netherlands

Question 3

What is always coming, but never arrives?

Accepted Answer

Tomorrow

Answer

Thoughts

Answer

today

Answer

Sun

Question 4

What can be broken, but is never held?

Accepted Answer

promises

Answer

Wind

Answer

Comments

Answer

water

Question 5

What is Sri Lanka's largest export ?

Accepted Answer

Tea

Answer

Mineral fuels

Answer

Clothing accessories

Answer

Rubber

Question 6

Suppose a demand curve runs from the price axis to the quantity axis in a straight line. Whereabouts will PED=-1.0?

Accepted Answer

At the mid-point of the curve.

Answer

Everywhere along the curve.

Answer

Nowhere along the curve.

Answer

Where the curve meets the price axis.

Question 7

Which of the following definitions of a household's income is false?

Accepted Answer

Its post-tax income deducts other taxes and adds in the value of government services received free of charge.

Answer

Its gross income adds in transfers from the government.

Answer

Its original income is its income from earnings, investments and pensions other than State Pensions.

Answer

Its disposable income deducts taxes paid directly to the government.

Question 8

How many months have 28 days?

Accepted Answer

All of them

Answer

1

Answer

Depends if there is a leap year or not

Answer

2

Question 9

Which countries officially use two currencies?

Accepted Answer

Cuba

Answer

Russia

Answer

Nambia

Answer

Zimbabwe

Question 10

You are 3rd place right now in a race. What place are you in when you pass the person 2nd place?

Accepted Answer

2nd

Answer

1st

Answer

None of the above

Answer

3rd

Question 11

Number of business sectors currently listed in Colombo Stock Exchange is?

Accepted Answer

20

Answer

10

Answer

15

Answer

08

Question 12

Which of the following government policies would not raise the long term rate of economic growth?

Accepted Answer

Trying to encourage a greater amount of Consumer's expenditure

Answer

Encouraging a higher level of business in business investment

Answer

Increasing expenditure on education and training

Answer

Providing tax relief for companies engaged in research & development

Question 13

The underlying trend in inflation or inflation calculated by removing volatile components of the CPI is know as?

Accepted Answer

Core inflation

Answer

Galloping inflation

Answer

Creeping inflation

Answer

Headline inflation

Question 14

Who is the first governor of central bank of Sri Lanka?

Accepted Answer

John Exter

Answer

Sir Arthur Ranasinghe

Answer

N.U. Jayawardena

Answer

W. Tennekoon

Question 15

Which year did Sri Lanka won t-twenty World Cup?

Accepted Answer

2014

Answer

2016

Answer

2012

Answer

2010

Question 16

What is the most stolen food in the world?

Accepted Answer

Cheese

Answer

Chocolate

Answer

Pizza

Answer

Ice-cream

Question 17

Which country in the world is the believed to have the most miles of motorway?

Accepted Answer

China

Answer

Japan

Answer

South Korea

Answer

Russia

Question 18

What is the official name of the clock tower commonly referred to as big ben?

Accepted Answer

Elizabeth Tower

Answer

Victoria Tower

Answer

Blackpool Tower

Answer

CIS Tower

Question 19

Which of the following is an example of macroeconomics ?

Accepted Answer

Inflation

Answer

Price determination

Answer

Consumer 's equilibrium

Answer

Producer's equilibrium

Question 20

Which animal has three hearts ?

Accepted Answer

Octopus

Answer

Shark

Answer

Blue whale

Answer

Penguin

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