What is deflation________________? A. Deficit Budget B. Reduction in taxation C. Increase in public expenditureD. Reverse of inflation

Two countries can gain from foreign trade if ? A. Cost ratios are different B. Tariff rates are different C. Price ratios are differentD. A and C of above

Which of the following is a valid currency______________? A. Promissory noteB. Currency note C. Exchange rate D. Bank cheque

From each according to his ability to each according to his need is the theoretical slogan of ? A. Feudal System B. Capitalist System C. Fascist SystemD. Communist System

Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ? A. Gold currency B. Hard currency C. Silver currencyD. Soft currency

Oil is measured in barrels. What is the abbreviation for barrels________________? A. Brl B. BelC. Bbl D. Obl

Commercial policy means_______________? A. Policy about markets B. Policy about money supplyC. Policy about imports and exports D. Policy of controlling of prices of goods

Which city in Germany has the distinction of housing the first car manufacturing plant in the world ? A. FrankfurtB. Bonn C. Berlin D. Stuttgart

Balance of payments of a country includes ? A. Balance of trade B. Capital receipts and payments C. Savings and investment accountD. A and B of above

Which of the following is not a function of a commercial bank? A. Accepting public deposits B. Granting loan and advances C. Undertaking agency functionsD. Banker to the government