In Planned economy’ Production and distribution of Wealth is under control of_____________?
A. Private sector
B. Government
C. Bank
D. None of the above
Economics Mcqs
Market in which forces of demand and supply are not in the control of government is called ?
Market in which forces of demand and supply are not in the control of government is called ?
A. Market Economy
B. Free Market
C. Both of them
D. None of them
Interest is______________?
Interest is______________?
A. Payment made for the use of another person’s money
B. Payment made for the use of bank’s money
C. in profit
D. Devaluation in the Currency
Term the group of countries that have removed all restrictions on trade among themselves?
Term the group of countries that have removed all restrictions on trade among themselves?
A. Close-Trade zone
B. Free-trade zone
C. Both of them
D. None of them
During a given period how the economic activity of a nation is measured?
During a given period how the economic activity of a nation is measured?
A. Gross Domestic Product (GOP)
B. Gross National output (GNO)
C. Gross National product (GNP)
D. Gross National Output
What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?
What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?
A. Open trade
B. Free trade
C. Open sky trade
D. Easy trade
Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?
Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?
A. Four Dragons
B. Little Tigers
C. Four Tigers
D. All of these
Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?
Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?
A. Floor price
B. Fixed price
C. Bid Price
D. Basic Price
What is meant by excise?
What is meant by excise?
A. A tax levied on certain articles produced and consumed in a country
B. A licensing charge or a fee levied for certain privileges
C. Both of them
D. None of them
Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?
Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?
A. Embargo
B. Contraband
C. Ban
D. Restriction