Other questions in this quiz

2. If the nominal rate of return on an investment is 3.5%, annual inflation is 1.5% and Bank base rate is
0.5%, what is the approximate real rate of return? (2.6)

  • 2.0%
  • 3.0%
  • 1.3%
  • 1.5%

3. The State pension age will be increased to 67 between: (2.9)

  • 2027 and 2028
  • 2026 and 2028
  • 2025 and 2027
  • 2028 and 2030

4. Which of the following is an example of a direct tax? (2.3)

  • Inheritance Tax
  • VAT
  • Air Passenger Duty
  • Insurance Premium Tax

5. Capital gains tax is chargeable on:

  • profits on the disposal of assets.
  • profits on the purchase of assets.
  • income following the purchase of an asset.
  • income on the disposal of assets.
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