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Basic of Economics

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

Basic of Economics, Economics Mcqs /
The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

A. To convert assets into cash
B. Abolish
C. Both of them
D. All of them

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term? Read More »

Basic of Economics, Economics Mcqs

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

Basic of Economics, Economics Mcqs /
Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

A. letter of Credit
B. Letter of expression
C. Demand draft
D. Letter of intent

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ? Read More »

Basic of Economics, Economics Mcqs

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

Basic of Economics, Economics Mcqs /
A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

A. List of stock a company own
B. List of assets of a corporation
C. Total obligation of a firm
D. An evaluation or a survey, as of abilities or resources

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ? Read More »

Basic of Economics, Economics Mcqs

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

Basic of Economics, Economics Mcqs /
Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

A. Hyperinflation
B. Ultra-inflation
C. A cute inflation
D. Super inflation

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ? Read More »

Basic of Economics, Economics Mcqs

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

Basic of Economics, Economics Mcqs /
Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

A. Grey market
B. White market
C. Red market
D. Open market

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ? Read More »

Basic of Economics, Economics Mcqs