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.Management Sciences
Category: Basic of Economics
Devaluation means ?
A. Converting rupee into gold
B. Lowering of the value of one currency in comparison of some foreign currency
C. Making rupee dearer in comparison to some foreign currency
D. None of these
Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?
A. Deflector
B. Purchasing power parity
C. Inflator
D. Deflation
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?
A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative Advantage
The system under which a country’s currency is exchangeable for a fixed weight of gold on demand at central bank is called ?
A. God standard system
B. Gold based system
C. Bullion standard system
D. None of the above
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
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