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Term the average income of the people of a country during a year ?

September 9, 2021May 26, 2019 by QuizMaster
Term the average income of the people of a country during a year ?

A. National income
B. Domestic income
C. Protection Income
D. Per capita Income

Categories Basic of Economics, Economics Mcqs

Currency that is expected to drop in value relative to other currencies is called ?

September 9, 2021May 26, 2019 by QuizMaster
Currency that is expected to drop in value relative to other currencies is called ?

A. Local currency
B. Cold currency
C. Lime currency
D. Soft currency

Categories Basic of Economics, Economics Mcqs

What is called the tax that is levied on retail price of merchandise collected by retailer ?

September 9, 2021May 26, 2019 by QuizMaster
What is called the tax that is levied on retail price of merchandise collected by retailer ?

A. Sales Tax
B. General Tax
C. Local Tax
D. Gross Tax

Categories Basic of Economics, Economics Mcqs

What is public sector ?

September 9, 2021May 26, 2019 by QuizMaster
What is public sector ?

A. Public corporations
B. Central and local government
C. Nationalized Industries
D. All of them

Categories Basic of Economics, Economics Mcqs

Term the minimum income level below which a person is considered to be living in poverty ?

September 9, 2021May 26, 2019 by QuizMaster
Term the minimum income level below which a person is considered to be living in poverty ?

A. Poverty level
B. Poverty line
C. Both of them
D. None of them

Categories Basic of Economics, Economics Mcqs

What is National debt or public debt ?

September 9, 2021May 26, 2019 by QuizMaster
What is National debt or public debt ?

A. State’s borrowing from its population
B. State’s borrowing from foreign government
C. state’s borrowing from international institution
D. All of these

Categories Basic of Economics, Economics Mcqs

Governmental non-interference in commerce is called ?

September 9, 2021May 26, 2019 by QuizMaster
Governmental non-interference in commerce is called ?

A. Free market economy
B. Laissez faire also Laisser faire
C. Open market economy
D. Liberal market economy

Categories Basic of Economics, Economics Mcqs

What is inflation ?

September 9, 2021May 26, 2019 by QuizMaster
What is inflation ?

A. Increase in the amount of circulating money
B. Lowering of purchasing power
C. Decrease in the amount of circulation money
D. None of these

Categories Basic of Economics, Economics Mcqs

What is Free port ?

September 9, 2021May 26, 2019 by QuizMaster
What is Free port ?

A. Where no export duties are levied
B. Where no import duties are levied
C. Where no export or import duties are levied
D. Where everything can be import or export

Categories Basic of Economics, Economics Mcqs

What is called a country’s total financial obligations to the rest of the world ?

September 9, 2021May 26, 2019 by QuizMaster
What is called a country’s total financial obligations to the rest of the world ?

A. Total debt
B. Debt burden
C. National liabilities
D. External debt

Categories Basic of Economics, MCQs / Q&A
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