Civil Engineering MCQs

Page No. 68

What is considered as the standard unit which forms the basis of a country’s domestic money supply ?


aMonetary unit


bCurrency


cForeign exchange


dCash or check


View Answer Foreign exchange

What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?


aServices


bGoods


cCommodities


dGoods or commodities


View Answer Services

What are the two classifications of goods and services ?


aLocal and imported


bRaw and finished


cConsumer and producer


d Ready-made and made-to-order


View Answer Consumer and producer

What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?


aServices


bGoods


cCommodities


dGoods or commodities


View Answer Goods or commodities

What refers to the goods and services that are required to support human life, needs and activities ?


aProducer products


bConsumer products


cLuxury


dNecessity


View Answer Necessity

What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?


aMall


bMarket


cStore


dOffice


View Answer Market

What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied ?


aProducer products


bConsumer products


cLuxury


dNecessity


View Answer Necessity

What is considered as the basic consuming or demanding unit of a commodity ?


aSeller


bManufacturer


cProducer


dBuyer or consumer


View Answer Buyer or consumer

What is a market situation whereby there is only one buyer of an item for which there is no goods substitute ?


aMonopsony


bMonopoly


cOligopoly


dOligopsony


View Answer Monopsony

What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?


aSeller


bManufacturer


cProducer


dBuyer or consumer


View Answer Buyer or consumer

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