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


bCapital drain


cFree flow


dCapital flight


View Answer Capital flight

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


acapital asset


bsolid asset


csolid capital


d Future asset


View Answer capital asset

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


aCorporate Laws


bSecondary Laws


cBy laws


d Internal Laws


View Answer By laws

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


aDealer


bBroker


cAgent


dCommission agent


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


bBook value


cReal value


dArtificial value


View Answer Book value

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


aCertificates


bSureties


cSecurity bonds


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


b Bill of Lading


cBearer Cheque


dNone of them



Bearer cheque is ?


aPayable to anyone


bpayable to person holding it


cpayable through account only


dpayable after specific period



Balance of sheet is understood as ?


aProfit in a year


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


cPerformance of a company


dAccurate economic position



The balance of payment is ?


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


bTotal sum a state owned


c Total liabilities of a nation


dShortfall in budget



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