Economics MCQs

Page No. 435

Goods that satisfy human wants though their direct use or consumption are called______________?


a cash goods

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bconsumer items

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cconsumer goods

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dcash items

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View Answer consumer goods

What is called a place of work where all workers within a section must belong to a single official recognized trade union ?


aMonopolized shop

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bMonopolized area

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c Closed shop

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dMonopolized market

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View Answer Closed shop

Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ?


a Barter

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bpayment on Delivery

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cGives in take

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dCash on Delivery

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View Answer Cash on Delivery

The term Cartel refers to ?


a A combination of firms for business purposes

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bAn official agreement between governments at war, especially for exchange of prisoners

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c Unity of parties, factions or nations in a common cause

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d All of the above

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View Answer All of the above

Point out the term for producer goods such as machinery that is used in production of commodities ?


aCapital assets

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bRunning capital

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cCapital goods

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dHard capital

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View Answer Capital goods

What is meant by capital stock ___________?


a Authorized amount of stock for issue by corporation

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b The total stated or par value of the permanently invested capital of corporation

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cBoth of them

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d None of them

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View Answer Both of them

Term the body of goods and monies from which future income can be derived ?


aNet assets

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bSolid asset

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cHoldings

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dCapital

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View Answer Capital

What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?


aEconomic Cycle

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bBusiness Cycle

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c Complete Cycle

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d Cycle Business

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View Answer Business Cycle

How is termed the balance of investment and return; in which investment and return are exactly equal ?


aBreak even

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bBreakeven point

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cBoth of them

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d None of them

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View Answer Both of them

Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?


aBonus

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bOvertime

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c Prize

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dGift

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View Answer Bonus

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