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.Management Sciences
Category: Basic of Economics
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
Open market Operation is ?
A. Buying and selling bills of exchange
B. Buying and Selling govt. securities
C. Buying and selling shares of companies
D. Buying and selling foreign exchanges
Central bank’s rate of lending to commercial banks is called ?
A. Interest rate
B. Discount rate
C. Money rate
D. Control rate
Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?
A. Floor price
B. Fixed price
C. Bid Price
D. Basic Price
The French term Bourse refers to_________________?
A. A big company
B. Stock market
C. Joint-stock
D. A multinational company
What meant by excise ?
A. A tax levied on certain articles produced and consumed in a country
B. A licensing charge or a fee levied for certain privileges
C. Both of these
D. None of the above
What is called the market in which forces of demand and supply are not in the control of government ?
A. Market Economy
B. Free Market
C. Both of them
D. None of them
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