Economics MCQs

Page No. 409

What is underwriter ?


a To assume financial responsibility for grantee against failure


bTo sign so as to assume liability in case of specified losses


cTo guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price


d All of them


View Answer All of them

Government borrows in the form of promissory note to repay the bearer after some fixed days from the date of issue. How is called such borrowing ?


aBond


bTreasury bill


cTerm bound


dSecurities


View Answer Treasury bill

Trade name is ?


aUsed to identify a commercial product or service


bBy which commodity service or process is known to trade


c Under which a business firm operates


dAll of them


View Answer All of them

A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?


aA bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?


bterm deposit


ctime deposit


dFixed investment


View Answer term deposit

Government levy tax on imports and exports What this tax is called ?


aCustom


bExercise Duty


cTariff


dFreight


View Answer Tariff

Which theory of economic management focuses on encouraging product through tax reduction ?


aLiberalism


bFree market economics


cSupply-side economics


d Supervised market


View Answer Supply-side economics

Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?


aFinancial assistance given by one person or government to another


b Financial assistance given to poor people


cFinancial assistance given to aged people


dFinancial assistance given to small companies



Which term is used for an engagement in risky business with the idea of making a large profit in short time ?


aIdealism


bBlind game


cSpeculation


dRisk covering


View Answer Speculation

A government program, social security is ?


aEconomics assistance provided by social security


b Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees


c Both a & b


d Nor a nor b


View Answer Both a & b

Which term is used for a country’s holdings of intentionally acceptable means of payment ?


aHoldings


bReserves


cForeign currency


dTreasure


View Answer Reserves

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