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


bMultinational company


c Both of them


dNone of them


View Answer Both of them

Monoculture is ?


aFarming practice of growing a single crop


bHomogeneous Nations


cHomogeneous market


dHomogeneous business



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


aMarket Economy


b Free Market


cBoth of them


dNone of them


View Answer Both of them

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


aMacroeconomics


bGross economics


cMega economics


dMicro economics


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


bAbolish


c Both of them


dAll of them


View Answer Both of them

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


aThe free market


b Gold standard


cLaissez faire


dAll of these


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


bLabor potential


cWork force


dAll of them


View Answer letter of Credit

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


aLabor force


bLabor potential


cWork force


dAll of them


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


b List of assets of a corporation


cTotal obligation of a firm


dAn evaluation or a survey, as of abilities or resources



Inflation is ?


aIncrease in the amount of circulating money


bLowering of purchasing power


c Decrease in the amount of circulation money


dNone of the above



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