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.Management Sciences
Category: Basic of Economics
What is Euro ?
A. Deposit outside one’s home country but in the home country currency
B. European currency unit, introduced on January 1, 1999
C. Both of them
D. None of them
Name a market that is characterized by a small number of producers who often act together to control the supply of a particular good and its market price ?
A. Oligopoly
B. Monopoly
C. Oligopsony
D. Grey market
What is the rate of exchange or exchange rate ?
A. Power to buy foreign currency
B. Foreign currency holding
C. Ratio at which unit of one country’s currency is exchanged for unit of another country currency
D. None of them
What is 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 them
D. None of them
Term a film that is engaged in two or more unrelated businesses ?
A. Conglomerate
B. Multinational
C. giant
D. Incorporation
What is the cost effective ?
A. Cheap things
B. Substandard things
C. Economical in terms of the goods or services received for the money spent
D. Free in terms of the goods or services received for the money spent
Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?
A. Devolution
B. Devaluation
C. Price cap
D. Cut-rate
Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?
A. Oligopoly
B. Grey market
C. Oligopsony
D. Green market
Central bank of Pakistan is ________________?
A. State Bank
B. National Bank
C. Both of them
D. None of them
What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?
A. Floor price
B. Fixed price
C. Bid price
D. Basic price
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