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Test 1

1 / 10

Which index does the government use to assess the inflation rate?

2 / 10

On which one of the following would a child be subject to income tax?

3 / 10

Which one of the following is NOT a way of establishing domicile?

4 / 10

Which of the following factors distinguishes building societies from banks?

5 / 10

Damien has gifted some authorised unit trusts to his brother, on which a capital gain of £8,000 has been made. At what rate will he be required to pay capital gains tax?

6 / 10

Which of the following would not normally be assessable for income tax?

7 / 10

Who is responsible for the control of interest rates in the UK economy?

8 / 10

Under what circumstances if any can a nation state opt out of a regulation laid down by the European Council and Council of Ministers?

9 / 10

Which of the following describes a function of the Bank of England?

10 / 10

On which one of the following is the payment of capital gains tax most likely to arise?

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The average score is 70%

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