Economics MCQs

Page No. 412

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?


aHyperinflation


bUltra-inflation


cA cute inflation


dSuper inflation


View Answer Hyperinflation

What is referred by the hard currency ?


aAny currency backed by gold or silver bullion rather than credit


bStable currency value of which does not fluctuate greatly


cBoth of them


dNone of them


View Answer Both of them

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?


aGrey market


bWhite market


cRed market


dOpen market


View Answer Grey market

There are certain products which are sold without brand name or trademark What these products are called ?


aGeneric


bForged goods


cContraband


dClean goods


View Answer Generic

Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?


aOpen trade


bFree trade


cOpen sky trade


dEasy trade


View Answer Free trade

Free port is ?


aWhere no export duties are levied


bWhere no import duties are levied


c Where no expert or import duties are levied


dWhere everything can be import or export



How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?


aFour Dragons


b Little Tigers


c Four Tigers


dAll of these


View Answer Four Tigers

Which of the following is known as foreign exchange ?


aTransaction of International monetary business


b Negotiable bills drawn in one country to be paid in another country


cBoth of them


dNone of them


View Answer Both of them

Mention the penalty by which a person loses title of his property, that is a result of some illegal act ?


aConfiscation


bBankruptcy


cForfeiture


dDebenture


View Answer Forfeiture

An organization plans the use of its fund during a 12-month period. What is this period called ?


aFiscal period


bCalendar year


cYear unit


dFiscal year (FY)


View Answer Fiscal year (FY)

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