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Basic of Economics

What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?

Basic of Economics, Economics Mcqs /
What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?

A. Floor price
B. Fixed price
C. Bid price
D. Basic price

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Basic of Economics, Economics Mcqs

Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?

Basic of Economics, Economics Mcqs /
Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?

A. FIFO (first in first out)
B. LAFO (last in first out)
C. First come First serve
D. None of these

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Basic of Economics, Economics Mcqs

There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?

Basic of Economics, Economics Mcqs /
There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?

A. Currency exchange
B. Currency value
C. Currency value
D. Exchange rate

There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ? Read More »

Basic of Economics, Economics Mcqs

Endorsement means anything written upon the back of the document What does means by Endorse ?

Basic of Economics, Economics Mcqs /
Endorsement means anything written upon the back of the document What does means by Endorse ?

A. To verify signature
B. To verify the person holding cheque
C. To sign one’s name upon the back of cheque
D. To sign one’s name upon the front of cheque

Endorsement means anything written upon the back of the document What does means by Endorse ? Read More »

Basic of Economics, Economics Mcqs

Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?

Basic of Economics, Economics Mcqs /
Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?

A. Divided Labor
B. Closed shop
C. Division of Labor
D. Open shop

Different workers or group of workers separate the production works and trade into__________processes. What this separation is called? Read More »

Basic of Economics, Economics Mcqs

Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?

Basic of Economics, Economics Mcqs /
Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?

A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of these

Depression is a drastic decline in a national or international economy. It’s characteristic is_____________? Read More »

Basic of Economics, Economics Mcqs