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

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bUltra-inflation

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cA cute inflation

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dSuper inflation

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View Answer Hyperinflation

What is referred by the hard currency ?


aAny currency backed by gold or silver bullion rather than credit

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bStable currency value of which does not fluctuate greatly

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cBoth of them

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dNone of them

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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

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bWhite market

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cRed market

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dOpen market

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View Answer Grey market

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


aGeneric

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bForged goods

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cContraband

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dClean goods

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View Answer Generic

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


aOpen trade

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bFree trade

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cOpen sky trade

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dEasy trade

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View Answer Free trade

Free port is ?


aWhere no export duties are levied

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bWhere no import duties are levied

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c Where no expert or import duties are levied

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dWhere everything can be import or export

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


aFour Dragons

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b Little Tigers

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c Four Tigers

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dAll of these

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View Answer Four Tigers

Which of the following is known as foreign exchange ?


aTransaction of International monetary business

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

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cBoth of them

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dNone of them

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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

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bBankruptcy

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cForfeiture

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dDebenture

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View Answer Forfeiture

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


aFiscal period

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bCalendar year

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cYear unit

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dFiscal year (FY)

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View Answer Fiscal year (FY)

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