Economics MCQs

Page No. 415

Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?


aMoney flight

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bCapital drain

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cFree flow

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dCapital flight

✓


View Answer Capital flight

A long-term asset, such as land or building is termed as ?


acapital asset

✓


bsolid asset

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csolid capital

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d Future asset

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View Answer capital asset

What is called the rules of laws which governs the internal affairs of an organization ?


aCorporate Laws

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bSecondary Laws

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cBy laws

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d Internal Laws

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View Answer By laws

The intermediary agent in the purchase and sale of any good is known as ?


aDealer

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bBroker

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cAgent

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dCommission agent

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View Answer Broker

The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?


aOpen value

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bBook value

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cReal value

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dArtificial value

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View Answer Book value

Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?


aCertificates

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bSureties

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cSecurity bonds

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dBond

✓


View Answer Bond

Term the written order which directs that a specified sum of money be paid to a specified person ?


a Bill of Exchange BE

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b Bill of Lading

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cBearer Cheque

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dNone of them

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Bearer cheque is ?


aPayable to anyone

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bpayable to person holding it

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cpayable through account only

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dpayable after specific period

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Balance of sheet is understood as ?


aProfit in a year

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bStatements of accounts that shows debit and credit accounts under the broad heads

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cPerformance of a company

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dAccurate economic position

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The balance of payment is ?


aBalance between a nation’s expenditure on imports and its receipts from exports

✓


bTotal sum a state owned

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c Total liabilities of a nation

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dShortfall in budget

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