Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?
A. Demurrage
B. Penalty
C. Charges
D. Fine
Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?
Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?
A. Devolution
B. Devaluation
C. Price cap
D. Cut-rate
What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?
What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?
A. Demand push
B. Demand pulls
C. Cost pull
D. Demand supply
Interest payments and any principal repayments which are due on a country’s external debt are known as ?
Interest payments and any principal repayments which are due on a country’s external debt are known as ?
A. Debt Payment
B. Service Charges
C. Debt Charges
D. Debt service
What is referred by cost push inflation ?
What is referred by cost push inflation ?
A. Decreased production costs drive prices up
B. Decreased production costs drive prices down
C. increased production costs drive prices down
D. increased production costs drive prices up
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
A. Free adjustment
B. Cost effective adjustment
C. Comparative adjustment
D. Cost of living adjustment
Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?
Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?
A. Cost of living
B. Basic requirement
C. Cost of life
D. None of the above
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
A. Property right
B. Sole right
C. Copyright
D. Right
How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
A. Human Development Index (HDI)
B. Consumer Price Index (CPI)
C. Complete Price Index (CPI)
D. Comparative Price Index (CPI)
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
A. Adam Smith
B. David Ricardo
C. David Smith
D. Adam Ricardo