Search
.Management Sciences
Category: Basic of Economics
Governmental non-interference in commerce is called ?
A. Free market economy
B. Laissez faire also Laisser faire
C. Open market economy
D. Liberal market economy
Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price ?
A. Redemption
B. Guarantee
C. Repo
D. Repurchase arrangements
What is Black Money ?
A. Income on which payment of tax is usually evaded
B. Illegally earned money
C. Money earned through underhand deals
D. None of these
Term the average income of the people of a country during a year ?
A. National income
B. Domestic income
C. Protection Income
D. Per capita Income
Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?
A. Demurrage
B. Penalty
C. Charges
D. Fine
A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?
A. Price index
B. Price indexing
C. Price fixing
D. Price choosing
How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?
A. Bankruptcy
B. Default
C. Total loss
D. Crash
Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________?
A. Liquid asset
B. Solid asset
C. Hard asset
D. None of these
The term Cartel refers to ?
A. A combination of firms for business purposes
B. An official agreement between governments at war, especially for exchange of prisoners
C. Unity of parties, factions or nations in a common cause
D. All of the above
Recent Comments