Government levy tax on imports and exports What this tax is called ?
A. Custom
B. Exercise Duty
C. Tariff
D. Freight
Economics Mcqs
Which theory of economic management focuses on encouraging product through tax reduction ?
Which theory of economic management focuses on encouraging product through tax reduction ?
A. Liberalism
B. Free market economics
C. Supply-side economics
D. Supervised market
Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?
Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?
A. Financial assistance given by one person or government to another
B. Financial assistance given to poor people
C. Financial assistance given to aged people
D. Financial assistance given to small companies
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
A. Idealism
B. Blind game
C. Speculation
D. Risk covering
A government program, social security is ?
A government program, social security is ?
A. Economics assistance provided by social security
B. Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees
C. Both a & b
D. Nor a nor b
Which term is used for a country’s holdings of intentionally acceptable means of payment ?
Which term is used for a country’s holdings of intentionally acceptable means of payment ?
A. Holdings
B. Reserves
C. Foreign currency
D. Treasure
What is the rate of exchange or exchange rate ?
What is the rate of exchange or exchange rate ?
A. Power to buy foreign currency
B. Foreign currency holding
C. Ratio at which unit of one country’s currency is exchanged for unit of another country currency
D. None of them
What is comprised by public sector ?
What is comprised by public sector ?
A. Public corporations
B. Central and local government.
C. Nationalized industries
D. All of them
What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?
What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?
A. Domestication
B. Protectionism
C. Localization
D. National interest
How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?
How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?
A. Promissory Note (PN)
B. Note of hand
C. Both of them
D. None of them