TEST 1

I. 1. 2. Fill in the blanks with the appropriate answer (20 p): Two men ......................... in the accident. (dead/ dies/ dying/ died) Mother ...................... a tea in the kitchen now. (make/ makes/ is making/ made)

3. It ............................ while I was walking in the park yesterday. (rains/ rained/ was raining/ had rained) 4. 5. 6. 7. 8. 9. 10. 11. There is .................... money left after our trip to Prague. (much/ few/ little/ many) I am disappointed .......................... his attitude. (by/ about/ with/ to) Ann is not at home. She ....................... an hour ago. (leave/ has left/ had left/ left) I badly need to (do/ make/ produce/ perform) some progress! I have received a reply ........................ the email I sent yesterday. (at/ for/ about/ to) They always ............................... coffee in the afternoon. (make/ makes/ is making/ made) My father is reading ................................ newspaper. (today/ todays/ todays/ todays) I had to pay ............................... (custom/ customs) on ......................... (this/ those) cigarettes.

12. A new plan .......................... when the manager came in. (is discussed/ was discussed/ will be discussed/ was being discussed) 13. 14. 15. If I .............................. the accountant, I would tell her the truth. (am/ was/ were/ had been) The money used in a country is called ......................... (currency/ coin/ banknote/ cheque) The ......................... mountain in the world is found in Asia. (high/ higher/ highest/ most high)

16. The bank customer can ...................... (withdraw/ extract/ dispense/ produce) money from a cash dispenser (A.T.M.). 17. paid. The ............................. (receipt/ recipe/ bill/ refund) is a written statement that money has been

18. Those manufacturers offer fashionable clothes, but Im not sure about .................... quality. (theirs/ its/ it/ their) 19. Inflation is a general ....................... (raise/ rise/ growth/ development) in the price level of goods and services. 20. The ........................... (supply/ interest/ cost/ profit) is the amount of a product that is available for people to purchase.

II.

Say whether the following statements are true or false:

Vulnerability indicates exposure to hazards and the likelihood that the welfare of an individual or a household falls below minimum consumption levels. Risks may include covariant risks such as natural disasters; civil conflicts or economic downturns, of which the 1997 Asian financial crisis is the most recent example. Development interventions may themselves create new vulnerability and risks through involuntary effects such as less affordable goods and services, temporary job loss, loss of common property, displacement, and loss of community support networks and social capital. Social assistance in the Asia-Pacific region includes public works programs that provide a way to meet the dual goals of creating infrastructure and providing a minimal wage to the destitute or unemployed. Labor Market Programs (LMPs) may now offer employment support in the form of public works programs to the unemployed or poorest families. State intervention to support the prices of goods produced by the poor, or subsidize the commodities they require for subsistence can smooth income and consumption for the poorest. 1. Vulnerability indicates that the consumption levels of an individual or a household are above average. 2. Development interventions may create further risks, among which the loss of social capital.

3. State intervention to support the prices of goods or subsidize the commodities does not have any effect on income or consumption. 4. Social assistance in the Asia-Pacific region include programs created to provide a minimal wage even to the unemployed. 5. The 1997 financial crisis in Asia is an example of economic downturn.

Test 2

I. Fill in the blanks with the correct alternative ( 20 p):

1 Open the door for me, I ___________ my key. ( lose/ lost/ have lost/ had lost ) 2. Sarah__________in a department store before marriage. ( works/ has worked/ work/ worked ) 3. If the weather ___________fine, well go for a walk. ( will be/ is/ were/ was ) 4.The Browns_______by the time their friends call on them.( have/ will have had/ has/ will have) 5. As I________to school yesterday, I saw an accident. (was walking/ am walking/ walk/ walked) 6. Could you give me __________ more milk in my tea? ( little/ many/ a few) 7. There is hardly ____________ wine left. (some/ no/ any )

8. The journey was ____________ longer than I thought it would be. (farther/ very/ much ) 9. No sooner ____ his umbrella than it began to rain. ( had he closed/ has he closed/ did he close) 10. She spends ________money on clothes. ( a large amount of/ a couple of/ a great number of ) 11. I have been requested to__________a deposit. (let/ leave/ put/ do). 12. Banks collect ________and lend them out again. (coins/ bookings/ savings/ ratings) 13. Corporate tax is levied on_________ .(private persons/ companies/ personal property) 14. An economy regulated by the law of supply and demand is a __________economy. (liberal/ freemarket/ marketing) 15. Business __________ is the key to economic growth. (settling/ building/ formation/ location) 16. A bill of exchange is drawn up by_________. (the prayer / the creditor/ the drawee) 17. The money ________is the amount of money that exists in an economy.(load/ supply/ mass) 18. A market overloaded with goods is said to be a ________.(sellers market/ buyers market/ consumers market) 19. How long has she been on _________? ( sea-sick/ make/ sick-leave/ leave sickness) 20. Are ________ auditors eligible for re-election? ( issuing/ outgoing/ declining)

II. Read the text below and choose the appropriate answer ( 5p):

A partnership is defined as the relation which subsists between two or more people carrying on business in common with a view to profit. The number of partners must not exceed 20. There are two categories of partnership. In an ordinary partnership all the partners are liable for the debts of the firm. In a limited partnership, limited partners are only liable to the extent of their own financial contribution. But they do not take an active part in the running of the business. Yet there must be at least one general partner or an acting partner whose liability for the debts of the firm is not limited. a. Are there three categories of partnership? Yes / No b. Is the partnership defined as the relation which subsists between two or more people carrying on business in common? Yes / No c. Only a few partners are liable for the debts of the firm in an ordinary partnership. Yes / No d. Limited partners are only liable to the extent of their own financial contribution. Yes / No e. Is there a general partner whose liability for the debts of the firm is not limited? Yes / No