Basic Of Economics MCQs

Option A: Close-trade zone

Option B: Free trade zone

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Hire and Fire

Option B: Rent

Option C: Transportation Changes

Option D: Freight

Correct Answer: Freight ✔

Option A: A privilege or right officially granted by a person or group by a government

Option B: Authorization granted to someone to sell or distribute a company’s goods or service in certain area

Option C: Territory or limits within which immunity, privilege or right may be exercised

Option D: All of the above

Correct Answer: All of the above ✔

Option A: Fraud

Option B: Cheating

Option C: Forgery

Option D: Fraudulent

Correct Answer: ✔

Option A: Floor price

Option B: Fixed price

Option C: Bid price

Option D: Basic price

Correct Answer: Floor price ✔

Option A: FIFO (first in first out)

Option B: LAFO (last in first out)

Option C: First come First serve

Option D: None of these

Correct Answer: FIFO (first in first out) ✔

Option A: Total dept

Option B: Debt burden

Option C: National liabilities

Option D: External debt

Correct Answer: External debt ✔

Option A: Currency exchange

Option B: Currency value

Option C: Currency value

Option D: Exchange rate

Correct Answer: Exchange rate ✔

Option A: To verify signature

Option B: To verify the person holding cheque

Option C: To sign one’s name upon the back of cheque

Option D: To sign one’s name upon the front of cheque

Correct Answer: C. To sign one’s name upon the back of cheque ✔

Option A: Advanced payment to bind a contract or bargain

Option B: A token of something to come

Option C: A promise or assurance

Option D: All of these

Correct Answer: All of these ✔

Option A: to make in a smaller size

Option B: to make in a actual size

Option C: to make in a half size

Option D: None of the above

Correct Answer: to make in a smaller size ✔

Option A: Divided Labor

Option B: Closed shop

Option C: Division of Labor

Option D: Open shop

Correct Answer: Division of Labor ✔

Option A: Advance deduction of the interest in purchasing, selling or lending a commercial paper

Option B: State (central) Bank’s interest rate on loans to its member banks

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: legal instrument used to grand a right

Option B: Something done

Option C: legal instrument

Option D: none of the above

Correct Answer: legal instrument used to grand a right ✔

Option A: Decreasing business activity

Option B: Falling prices

Option C: Unemployment

Option D: All of these

Correct Answer: All of these ✔

Option A: Draft payable in lawful money upon demand

Option B: Cheque payable in lawful money upon demand

Option C: Security payable in lawful money upon demand

Option D: Term deposit payable in lawful money upon demand

Correct Answer: Draft payable in lawful money upon demand ✔

Option A: Saving Account

Option B: Fixed account

Option C: Current account

Option D: Fluctuated account

Correct Answer: Current account ✔

Option A: cost plus

Option B: Cost effective

Option C: End price

Option D: Consumer price

Correct Answer: cost plus ✔

Option A: Cheap things

Option B: Substandard things

Option C: Economical in terms of the goods or services received for the money spent

Option D: Free in terms of the goods or services received for the money spent

Correct Answer: Economical in terms of the goods or services received for the money spent ✔

Option A: Company

Option B: Corporation

Option C: Cooperative

Option D: Limited Company

Correct Answer: Corporation ✔

Option A: Limited company

Option B: Society

Option C: Corporation

Option D: Cooperative

Correct Answer: Cooperative ✔

Option A: cash goods

Option B: consumer items

Option C: consumer goods

Option D: cash items

Correct Answer: consumer goods ✔

Option A: Relative Advantage

Option B: Complete Advantage

Option C: Comparative Edge

Option D: Comparative Advantage

Correct Answer: Comparative Advantage ✔

Option A: Monopolized shop

Option B: Monopolized area

Option C: Closed shop

Option D: Monopolized market

Correct Answer: Closed shop ✔

Option A: Barter

Option B: payment on Delivery

Option C: Gives in take

Option D: Cash on Delivery

Correct Answer: Cash on Delivery ✔

Option A: A combination of firms for business purposes

Option B: An official agreement between governments at war, especially for exchange of prisoners

Option C: Unity of parties, factions or nations in a common cause

Option D: All of the above

Correct Answer: All of the above ✔

Option A: Capital assets

Option B: Running capital

Option C: Capital goods

Option D: Hard capital

Correct Answer: Capital goods ✔

Option A: Authorized amount of stock for issue by corporation

Option B: The total stated or par value of the permanently invested capital of corporation

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Net assets

Option B: Solid asset

Option C: Holdings

Option D: Capital

Correct Answer: Capital ✔

Option A: Economic Cycle

Option B: Business Cycle

Option C: Complete Cycle

Option D: Cycle Business

Correct Answer: Business Cycle ✔

Option A: Break even

Option B: Breakeven point

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Bonus

Option B: Overtime

Option C: Prize

Option D: Gift

Correct Answer: Bonus ✔

Option A: Blue chip

Option B: Blue Chipper

Option C: An extremely valuable asset or property

Option D: All of these

Correct Answer: All of these ✔

Option A: Free exchange

Option B: Liberal Exchange

Option C: Barter

Option D: Bilateral Trade

Correct Answer: Barter ✔

Option A: Bankruptcy

Option B: Default

Option C: Total loss

Option D: Crash

Correct Answer: Bankruptcy ✔

Option A: Balance of payment

Option B: Balance sheet

Option C: Terms of trade

Option D: Balance of trade

Correct Answer: Balance of trade ✔

Option A: Breton Wood method

Option B: Free market exchange rate

Option C: Atlas method of exchange rate

Option D: Open market exchange rate

Correct Answer: Atlas method of exchange rate ✔

Option A: A precise list or enumeration of financial transactions

Option B: Money deposited for checking savings or breakage use

Option C: A customer having business or credit relationship with a firm

Option D: All of these

Correct Answer: All of these ✔