Economics MCQs

Page No. 410

What is the rate of exchange or exchange rate ?


aPower to buy foreign currency


bForeign currency holding


cRatio at which unit of one country’s currency is exchanged for unit of another country currency


dNone of them



What is comprised by public sector ?


aPublic corporations


b Central and local government.


cNationalized industries


d All of them


View Answer All of them

What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?


aDomestication


bProtectionism


cLocalization


d National interest


View Answer Protectionism

How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?


aPromissory Note (PN)


b Note of hand


cBoth of them


dNone of them


View Answer Both of them

What is price support ?


aTo increase price artificially


bMaintenance of price through public subsidy or government intervention


cTo enhance price


dTo maintain price at specific level



Point out the use of the term price fixing ?


aUnlawful agreement between manufacturers to set and maintain specified price on typically competing products


bArtificial setting of price of commodity by government


cBoth of them


dNone of them


View Answer Both of them

The economics system planned economy is ?


aIn which economists control production


b In which production and distribution of wealth is under government’s control


cIn which technocrats control production


dIn which government controls distribution



How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?


aOpen door market


bOpen door country


cOpen sky market


dFree economy


View Answer Open door market

Which term is used for the total net value of all goods and services produced in a country in specified period of time ?


aNational income


b Public income


cLocal income


dGross income


View Answer National income

How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?


acombine fund


bMutual fund


cLiquid fund


dStock holding company


View Answer Mutual fund

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