Test 1
1 / 10
Which of the following factors distinguishes building societies from banks?
2 / 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?
3 / 10
Which of the following would not normally be assessable for income tax?
4 / 10
Which index does the government use to assess the inflation rate?
5 / 10
On which one of the following is the payment of capital gains tax most likely to arise?
6 / 10
Who is responsible for the control of interest rates in the UK economy?
7 / 10
On which one of the following would a child be subject to income tax?
8 / 10
Which one of the following is NOT a way of establishing domicile?
9 / 10
Which of the following describes a function of the Bank of England?
10 / 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?
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The average score is 70%
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