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.Management Sciences
Category: Basic of Economics
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
What is called that company which make loans to individuals, while not receiving deposits like a bank ?
A. Cooperative company
B. Finance corporation
C. Limited company
D. Finance company
Goods and monies from which future income can be derived is called ?
A. Net assets
B. Assets
C. Holdings
D. Capital
Which of the following is an example of government policy that could reduce inflation ?
A. increasing bank lending
B. increasing import duties
C. reducing government expenditure
D. None of these
A central bank or monetary authority hold foreign currency for the purpose of exchange intervention and the settlement of intergovernmental claims. Term the currency ?
A. Reserve currency
B. Hot currency
C. Pegged currency
D. Hard currency
What is referred by the by economic theory “Liberalism” ?
A. The free market
B. Gold standard
C. Laissez faire
D. All of these
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