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Hong Kong TIC 2020 > Economic Activities > Flashcards

Economic Activities Flashcards

1
Q

What are the four traditional pillar industries of Hong Kong?

A

A financial service, tourism, trading and logistics and professional services.

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2
Q

The A which was enacted in June 2012, became fully operative on 14 December 2015

A

A Competition Ordinance

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3
Q

Among 63 economies in the World Competitiveness Yearbook 2019 published by the International Institute for Management Development, Hong Kong is ranked the A, just after B.

A

A second

B Singapore

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4
Q

The Central Government places great importance on Hong Kong and the National 12th Five-Year Plan announced in 2011 has endorsed this by mapping out Beijing’s backing for Hong Kong as an international financial, trading and shipping centre, and its development into A, as well as a high value goods inventory management and regional distribution centre.

A

A an international asset management and offshore RMB business centre

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5
Q

Hong Kong is quickly becoming a regional wine A in Asia.

A

A trading and distribution hub

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6
Q

To facilitate Hong Kong as a trading and distribution hub for the region, the Hong Kong government has signed co-operation agreements with the major wine producing countries/regions, including Australia, New Zealand, A, Italy, Germany, Spain, Portugal, Hungary, B, the USA, C and Germany to strengthen promotional activities in areas including wine related trade, investment and tourism.

A

A France
B Romania
C Chile

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7
Q

The financial industry is one of the pillar industries of Hong Kong. Financial services include A, B, C, D and other related sectors

A

A banking
B insurance
C securities and futures
D asset management

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8
Q

Hong Kong is the world’s largest offshore A business hub, with the world’s largest offshore pool of liquidity of that currency.

A

A RMB

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9
Q

According to a triennial global survey conducted by the Bank for International Settlements in 2019, Hong Kong was the world’s A foreign exchange market in terms of turnover.

A

A fourth largest

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10
Q

As at the end of 2018, Hong Kong’s stock market was the A largest in the world and the third largest in Asia in terms of market capitalisation, coming after B.

A

A fifth

B Japan and Shanghai

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11
Q

According to the 2018 index of economic freedom released by the Heritage Foundation, China was ranked A whereas Hong Kong has retained its title as the world’s ‘B’ for the 24th year in a row.

A

A 110th

B freest economy

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12
Q

In the 2019 Ease of Doing Business Ranking published by the World Bank, Hong Kong ranks the world’s no A whereas the Mainland China ranks the B place.

A

A 5

B 100th

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13
Q

The 2018 New Series Hong Kong Banknotes were unveiled on 24 July 2018. The 1000 HKD note features A.

A

A the position of Hong Kong as international financial centre

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14
Q

The 2018 New Series Hong Kong Banknotes were unveiled on 24 July 2018. The 500 HKD note features A.

A

A the spectacular Hong Kong UNESCO Global Geopark

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15
Q

The 2018 New Series Hong Kong Banknotes were unveiled on 24 July 2018. The 100 HKD note features A.

A

A Cantonese opera as Hong Kong’s art and cultural legacy

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16
Q

The 2018 New Series Hong Kong Banknotes were unveiled on 24 July 2018. The 50 HKD note features A.

A

A the butterflies that inhabit Hong Kong

17
Q

The 2018 New Series Hong Kong Banknotes were unveiled on 24 July 2018. The 20 HKD note features A.

A

A the popular dim sum and tea culture

18
Q

Hong Kong’s tax system is simple. Tax rates and the cost of administration are low. The major sources of revenue include A (24%), B (22%), C (11%) and D (10%).

A

A profits tax
B land premium
C stamp duties
D salaries tax

19
Q

The small and medium enterprises play an essential role in the economic development of Hong Kong. They make up about A of Hong Kong firms and account for nearly B of the private sector employment in Hong Kong

A

A 98%

B 50%

20
Q

A are important economic drivers for Hong Kong.

A

A Creative industries

21
Q

In 2018, the labour forced totalled 3.98 million people, of whom 50.4% were men and 49.6% were women. The majority (over 80%) were employed in the A sectors.

A

A service

22
Q

According to the ‘Quarterly report on General Household Survey’ for April to June 2019 published by the Census and Statistics Department, the median monthly employment earnings of Hong Kong employees (excluding foreign domestic helpers) was A

A

A 18 700 HKD

23
Q

The A is a new strtageic trunk road running along the nothern shore of Hong Kong island. It is a B long dual three lane trunk road consisting of a length of 3.7km tunnel from Central Rumsey Street flyover, extending to the vicinity of City Garden at North Point, and finally connecting to the Island Eastern Corridor.

A

A Central-Wan Chai bypass

B 4.5 km

24
Q

It takes about A minutes to travel between Central and Island Eastern Corridor at North Point by using the Central-Wanchai Bypass.

A

A 5

25
Q

As to the extension of the MTR system in Hong Kong, the West Island Line, the A Line extension and South Island Line have been opened; while the B link is expected to be completed in 2021

A

A Kwun Tong

B Shatin to Central

26
Q

Geographically, Hong Kong consists largely of steep hillside. Only 7 square kilometres of land are actively farmed. Farms are generally small in size and they produce mainly A

A

A leafy vegetables, pigs or poultry

27
Q

The gross value of local agricultural production totalled 1 034 million HKD in 2018. A of the vegetables Hong Kong people consumed, together with B of the live poultry and B of the live pigs, came from local farms.

A

A 2%
B 100%
C 8%

28
Q

In Hong Kong aquaculture includes A.

A

A marine fish culture, pond fish culture and oyster culture.

29
Q

Following the revised industrial estate (IE) policy, the Hong Kong Science and Technology Parks Corporation is developing two pilot projects in Tseung Kwan O IE, namely A, to promote re-industrialisation and smart production.

A

A the Data Technology Hub and the Advanced Manufacturing Centre

Hong Kong TIC 2020 (7 decks)

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