Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Author name: admin

Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?

Basic of Economics, Economics Mcqs /
Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?

A. Demurrage
B. Penalty
C. Charges
D. Fine

Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ? Read More »

Basic of Economics, Economics Mcqs

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?

Basic of Economics, Economics Mcqs /
Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?

A. Devolution
B. Devaluation
C. Price cap
D. Cut-rate

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ? Read More »

Basic of Economics, Economics Mcqs

What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?

Basic of Economics, Economics Mcqs /
What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?

A. Demand push
B. Demand pulls
C. Cost pull
D. Demand supply

What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ? Read More »

Basic of Economics, Economics Mcqs

An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?

Basic of Economics, Economics Mcqs /
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?

A. Free adjustment
B. Cost effective adjustment
C. Comparative adjustment
D. Cost of living adjustment

An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ? Read More »

Basic of Economics, Economics Mcqs

Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

Basic of Economics, Economics Mcqs /
Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

A. Cost of living
B. Basic requirement
C. Cost of life
D. None of the above

Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ? Read More »

Basic of Economics, Economics Mcqs

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

Basic of Economics, Economics Mcqs /
How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

A. Human Development Index (HDI)
B. Consumer Price Index (CPI)
C. Complete Price Index (CPI)
D. Comparative Price Index (CPI)

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ? Read More »

Basic of Economics, Economics Mcqs

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

Basic of Economics, Economics Mcqs /
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

A. Adam Smith
B. David Ricardo
C. David Smith
D. Adam Ricardo

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ? Read More »

Basic of Economics, Economics Mcqs