Economics MCQs

Page No. 413

In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?


aMilitary system


b Land based system


c Feudal system


d Rural system


View Answer Feudal system

What meant by excise ?


aA tax levied on certain articles produced and consumed in a country


b A licensing charge or a fee levied for certain privileges


cBoth of these


dNone of the above


View Answer V

Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity ?


aThe market value of securities less any debt incurred and common stock and preferred stock


b Funds provided to a business by the sale of stock


cBoth of them


dNone of them


View Answer Both of them

How is termed the government’s order to prevent the arrival or departure of merchant ships or to restrict import or export of specified or all goods with a foreign nation ?


aEmbargo


bContraband


cBan


dRestriction


View Answer Embargo

Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?


aNikki Index


bNASDAQ


cDow Jones Index


dMajor Index


View Answer Dow Jones Index

Term the shared of profits of a joint stock company ?


aShare


bProfit-share


cDividend


dMargin


View Answer Dividend

Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?


aDemurrage


bPenalty


cCharges


dFine


View Answer Demurrage

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?


aDevolution


bDevaluation


cPrice cap


dCut-rate


View Answer Devaluation

What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?


aDemand push


bDemand pulls


c Cost pull


dDemand supply


View Answer Demand pulls

Interest payments and any principal repayments which are due on a country’s external debt are known as ?


aDebt Payment


bService Charges


cDebt Charges


dDebt service


View Answer Debt service

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