Economics MCQs

Page No. 411

A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?


aMultinational corporation

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bMultinational company

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c Both of them

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dNone of them

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View Answer Both of them

Monoculture is ?


aFarming practice of growing a single crop

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bHomogeneous Nations

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cHomogeneous market

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dHomogeneous business

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What is called the market in which forces of demand and supply are not in the control of government ?


aMarket Economy

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b Free Market

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cBoth of them

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dNone of them

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View Answer Both of them

What is called the overall study of aspects and working of a national economy ?


aMacroeconomics

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bGross economics

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cMega economics

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dMicro economics

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View Answer Macroeconomics

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?


aTo convert assets into cash

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bAbolish

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c Both of them

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dAll of them

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View Answer Both of them

What is referred by the by economic theory “Liberalism” ?


aThe free market

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b Gold standard

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cLaissez faire

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dAll of these

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View Answer All of these

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?


a letter of Credit

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bLabor potential

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cWork force

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dAll of them

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View Answer letter of Credit

Total number of adults currently employed or actively seeking work in all economic sectors is known as ?


aLabor force

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bLabor potential

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cWork force

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dAll of them

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View Answer Labor force

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?


aList of stock a company own

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b List of assets of a corporation

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cTotal obligation of a firm

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dAn evaluation or a survey, as of abilities or resources

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Inflation is ?


aIncrease in the amount of circulating money

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bLowering of purchasing power

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c Decrease in the amount of circulation money

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dNone of the above

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