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.Management Sciences
Category: Basic of Economics
Bearer cheque is ?
A. Payable to anyone
B. payable to person holding it
C. payable through account only
D. payable after specific period
What is meant by capital stock ___________?
A. Authorized amount of stock for issue by corporation
B. The total stated or par value of the permanently invested capital of corporation
C. Both of them
D. None of them
A long-term asset, such as land or building is termed as ?
A. capital asset
B. solid asset
C. solid capital
D. Future asset
What is called degree of buyer’s responsiveness to price changes ?
A. Production & Supply
B. Demand push Supply
C. Demand & Supply
D. Demand pull supply
Economic system in which the government owns and controls the means of production to benefit all the people is called ?
A. Dictatorship
B. Socialism
C. Capitalism
D. Authoritarianism
Economic development is measured on the basis of ?
A. Increase in nominal GNP
B. Increase in real GNP
C. Increase in personal income
D. Increase in government revenue
What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?
A. Domestication
B. Protectionism
C. Localization
D. National interest
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
A. Assembly line
B. Production line
C. Both of them
D. None of them
Which term is used for a bank account which can be operated at will ?
A. Saving Account
B. Fixed account
C. Current account
D. Fluctuated account
What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?
A. Bonus
B. Up level
C. Goodwill
D. Upgradation
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