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.Management Sciences
Category: Basic of Economics
What is referred by the discount rate________________?
A. Advance deduction of the interest in purchasing, selling or lending a commercial paper
B. State (central) Bank’s interest rate on loans to its member banks
C. Both of them
D. None of them
What is measured by Gross domestic product (GDP)?
A. Value of all economic activity within nation’s border
B. Economic output of a country
C. Economic activity of federal government
D. None of these
What is called the manipulation of the market by traders to create the illusion of active volume to attract investors ?
A. Daisy chain
B. Illusion
C. False market
D. Manipulated market
LIFO (last in, first out) means ?
A. to make queue
B. items are removed in inverse order
C. turn by turn
D. make space for new production
Total number of adults currently employed or actively seeking work in all economic sectors is known as ?
A. Labor force
B. Labor potential
C. Work force
D. All of them
With whom would you associate the following quote” The business of business is business” ?
A. Milton Friedman
B. Adam smith
C. Alfred Marshal
D. Karl Marx
The situation with increasing unemployment and inflation is terms as ?
A. Hyperinflation
B. Reflection
C. Stagflation
D. Galloping
Which of the following is rate of interest the major international banks charge each other for borrowings ?
A. New York Interbank Offered Rates (NIBOR)
B. international Interbank Offered Rates (IOBOR)
C. London Interbank Offered Rate (LIBOR)
D. USA Interbank Offered Rate (UIBOR)
A budgetary deficit means ?
A. Total expenditure is more than total revenue
B. Current expenditure is more than current revenue
C. Capital expenditure is more than capital revenue
D. Total expenditure is more than current revenue
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