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.Management Sciences
Category: Basic of Economics
Which of the following is not a function of a commercial bank?
A. Accepting public deposits
B. Granting loan and advances
C. Undertaking agency functions
D. Banker to the government
The term technology refers to______________?
A. Application of science to achieve a commercial or industrial objective
B. Application of modern science in the country
C. Science based know low
D. All of these
If saving exceeds investment the national income will ?
A. Fall
B. Rise
C. Fluctuate
D. Remain constant
What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?
A. Demand push
B. Demand pulls
C. Cost pull
D. Demand supply
What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?
A. Open trade
B. Free trade
C. Open sky trade
D. Easy trade
Estimated income and plane for expenditure is called Budget. What is Budget deficit ?
A. Less Public spending than amount of revenue corporation
B. Balance between public spending and amount of revenue
C. More public spending than amount of revenue
D. None of them
What is inflation ?
A. Increase in the amount of circulating money
B. Lowering of purchasing power
C. Decrease in the amount of circulation money
D. None of these
In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?
A. Spreadsheet
B. Splinter
C. Family growth
D. Butterfly
What is price support ?
A. To increase price artificially
B. Maintenance of price through public subsidy or government intervention
C. To enhance price
D. To maintain price at specific level
Gross National income is always more than Net National income because it includes ?
A. Foreign income
B. Capital consumption allowance
C. Indirect taxes
D. Direct taxes
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