Economics MCQs

Page No. 434

Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?


a Divided Labor

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bClosed shop

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cDivision of Labor

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d Open shop

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View Answer Division of Labor

What is referred by the discount rate________________?


aAdvance deduction of the interest in purchasing, selling or lending a commercial paper

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bState (central) Bank’s interest rate on loans to its member banks

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cBoth of them

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d None of them

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View Answer Both of them

What does mean by Deed________________?


a legal instrument used to grand a right

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b Something done

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clegal instrument

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dnone of the above

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Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?


aDecreasing business activity

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b Falling prices

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cUnemployment

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dAll of these

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View Answer All of these

What is Demand note ?


aDraft payable in lawful money upon demand

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b Cheque payable in lawful money upon demand

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cSecurity payable in lawful money upon demand

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d Term deposit payable in lawful money upon demand

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Which term is used for a bank account which can be operated at will ?


aSaving Account

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bFixed account

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cCurrent account

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d Fluctuated account

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View Answer Current account

Cost of production plus a fixed rate of profit is called ?


acost plus

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bCost effective

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cEnd price

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dEnd price

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View Answer cost plus

What is the cost effective ?


a Cheap things

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bSubstandard things

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c Economical in terms of the goods or services received for the money spent

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dFree in terms of the goods or services received for the money spent

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Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?


aCompany

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bCorporation

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c Cooperative

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dLimited CompanY

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View Answer Corporation

Term the enterprise or organization which is managed by those who use its facilities or services ?


aLimited company

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bSociety

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c Corporation

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dCooperative

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View Answer Cooperative

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