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Interest is______________?

September 9, 2021May 26, 2019 by admin
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

Categories Basic of Economics, Economics Mcqs

Term the group of countries that have removed all restrictions on trade among themselves?

September 9, 2021May 26, 2019 by admin
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

Categories Basic of Economics, Economics Mcqs

During a given period how the economic activity of a nation is measured?

September 9, 2021May 26, 2019 by admin
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

Categories Basic of Economics, Economics Mcqs

What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?

September 9, 2021May 26, 2019 by admin
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

Categories Basic of Economics, Economics Mcqs

Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?

September 9, 2021May 26, 2019 by admin
Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?

A. Four Dragons
B. Little Tigers
C. Four Tigers
D. All of these

Categories Basic of Economics, Economics Mcqs

Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?

September 9, 2021May 26, 2019 by admin
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

Categories Basic of Economics, Economics Mcqs

What is meant by excise?

September 9, 2021May 26, 2019 by admin
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

Categories Basic of Economics, Economics Mcqs

Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?

September 9, 2021May 26, 2019 by admin
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

Categories Basic of Economics, Economics Mcqs

Downsizing is ?

September 9, 2021May 26, 2019 by admin
Downsizing is ?

A. to make in a smaller size
B. to make in actual size
C. To make in half size
D. None of these

Categories Basic of Economics, Economics Mcqs

Which kind of Tax is Federal subject ?

September 9, 2021May 26, 2019 by admin
Which kind of Tax is Federal subject ?

A. Excise Tax
B. Property Tax
C. Zakat
D. General Sales Tax

Categories Basic of Economics, Economics Mcqs
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