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.Management Sciences
Category: Basic of Economics
Term the covering of a short position by purchasing a long contract, usually resulting from the short of a commodity ?
A. Short-positioning
B. Buyback
C. Drawback
D. None of them
Name the methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries ?
A. Exchange Rate Mechanism (ERM)
B. Exchange Rate Equilibrium
C. Exchange Rate Balance
D. None of the above
Which of the following is Price of the last transaction of a particular stock completed during a day’s trading session on an exchange ?
A. Night Price
B. Closing Price
C. End price
D. Final price
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
A. Property right
B. Sole right
C. Copyright
D. Right
From the sale of capital assets tax is levied on profits. What this tax is called ?
A. Profit tax
B. Capital gains tax
C. Excise duty
D. Capital tax
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
A. Free adjustment
B. Cost effective adjustment
C. Comparative adjustment
D. Cost of living adjustment
Velocity of circulation of money means ?
A. The number of times a unit of money changes hands daily
B. The number of times as unit of money changes hands monthly
C. The number of times a unit of money changes hands annually
D. The number of times a unit of money changes value
What is underwriter ?
A. To assume financial responsibility for grantee against failure
B. To sign so as to assume liability in case of specified losses
C. To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price
D. All of them
What is referred by the hard currency ?
A. Any currency backed by gold or silver bullion rather than credit
B. Stable currency value of which does not fluctuate greatly
C. Both of them
D. None of them
What is called the acquisition abroad of physical assets with operating control that resides in parent corporation ?
A. Fixed Direct Investment
B. Foreign Direct Investment (FDI)
C. Foreign Investment
D. Remote Foreign Investment
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