Economics MCQs

Page No. 435

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


a cash goods


bconsumer items


cconsumer goods


dcash items


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


bMonopolized area


c Closed shop


dMonopolized market


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


bpayment on Delivery


cGives in take


dCash on Delivery


View Answer Cash on Delivery

The term Cartel refers to ?


a A combination of firms for business purposes


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


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


d All of the above


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


bRunning capital


cCapital goods


dHard capital


View Answer Capital goods

What is meant by capital stock ___________?


a Authorized amount of stock for issue by corporation


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


cBoth of them


d None of them


View Answer Both of them

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


aNet assets


bSolid asset


cHoldings


dCapital


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


bBusiness Cycle


c Complete Cycle


d Cycle Business


View Answer Business Cycle

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


aBreak even


bBreakeven point


cBoth of them


d None of them


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


bOvertime


c Prize


dGift


View Answer Bonus

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