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.Management Sciences
Category: Basic of Economics
What is sales tax_____________?
A. Levied on the retail price of merchandise and collected by retailer
B. Tax deducted at source
C. Tax on local produce
D. Tax on gross sale
Which of the following must always balance ?
A. The balance of visible trade
B. The balance of invisible trade
C. The balance on the current account
D. The balance of payments
What is called a country’s total financial obligations to the rest of the world ?
A. Total dept
B. Debt burden
C. National liabilities
D. External debt
Market value of all final goods and services produced in a country during a year is definition of ?
A. NI
B. NNP
C. GNP
D. Consumption
A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?
A. Bond deposit
B. term deposit
C. time deposit
D. Fixed investment
Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ?
A. Common fund
B. Stock fund
C. Growth fund
D. Capital growth fund
What is called the stock that sells at a high price ?
A. Blue chip
B. Blue Chipper
C. An extremely valuable asset or property
D. All of these
Where ‘Nikkei Stock average’ applies ?
A. Mainly to Korean equities
B. Mainly to international equities
C. Mainly to Japanese equities
D. Mainly to US equities
Free port is ?
A. Where no export duties are levied
B. Where no import duties are levied
C. Where no expert or import duties are levied
D. Where everything can be import or export
An essential attribute of inflation is ?
A. Fall in production
B. Increase in prices
C. Stagflation
D. None of these
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