Economics - Basic of Economics
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- Answered
- Review
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Question 1 of 438
1. Question
Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account?
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Question 2 of 438
2. Question
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner?
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Question 3 of 438
3. Question
The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates?
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Question 4 of 438
4. Question
The balance of payment is:
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Question 5 of 438
5. Question
What is called the difference in the money value between exports and imports during the specific period of time?
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Question 6 of 438
6. Question
Balance of sheet is understood as:
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Question 7 of 438
7. Question
How is termed the legal proceeding in which debtor remains unable to pay his creditors in full?
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Question 8 of 438
8. Question
Bearer cheque is:
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Question 9 of 438
9. Question
What is called the trade of goods or services without the exchange of money?
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Question 10 of 438
10. Question
Term the written order which directs that a specified sum of money be paid to a specified person?
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Question 11 of 438
11. Question
A stock that sells at a high price because of public confidence in its long record of steady earnings is called:
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Question 12 of 438
12. Question
Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates?
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Question 13 of 438
13. Question
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers?
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Question 14 of 438
14. Question
The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called?
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Question 15 of 438
15. Question
How is termed the balance of investment and return; in which investment and return are exactly equal?
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Question 16 of 438
16. Question
The intermediary agent in the purchase and sale of any good is known as:
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Question 17 of 438
17. Question
What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline?
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Question 18 of 438
18. Question
What is called the rules of laws which governs the internal affairs of an organization?
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Question 19 of 438
19. Question
Term the body of goods and monies from which future income can be derived?
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Question 20 of 438
20. Question
A long-term asset, such as land or building is termed as:
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Question 21 of 438
21. Question
What is meant by capital stock?
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Question 22 of 438
22. Question
Mention the term which is used for the large scale removal of individual and corporate investment capital and income from a country?
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Question 23 of 438
23. Question
Point out the term for producer goods such as machinery that is used in production of commodities?
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Question 24 of 438
24. Question
Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market?
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Question 25 of 438
25. Question
The term Cartel refers to:
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Question 26 of 438
26. Question
What is called the crop which is grown for sale rather than the farmer’s own use?
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Question 27 of 438
27. Question
Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery?
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Question 28 of 438
28. Question
Which of the following is the Pakistan’s central bank?
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Question 29 of 438
29. Question
What is called a place of work where all workers within a section must belong to a single official recognized trade union?
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Question 30 of 438
30. Question
A borrower gives to creditor a security to grantee repayment of a loan. What is this security called?
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Question 31 of 438
31. Question
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
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Question 32 of 438
32. Question
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
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Question 33 of 438
33. Question
Goods that satisfy human wants though their direct use or consumption are called:
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Question 34 of 438
34. Question
How i measured the change in the cost of basic goods and services in comparison with a fixed base period?
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Question 35 of 438
35. Question
Term the enterprise or organization which is managed by those who use its facilities or services?
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Question 36 of 438
36. Question
The sole legal right to print or publish anything which belongs to the author or his assignees is called:
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Question 37 of 438
37. Question
Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law?
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Question 38 of 438
38. Question
Amount of money needed to purchase the goods and services required to maintain a certain standards of living called:
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Question 39 of 438
39. Question
What is the cost effective?
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Question 40 of 438
40. Question
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called?
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Question 41 of 438
41. Question
Cost of production plus a fixed rate of profit is called:
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Question 42 of 438
42. Question
What is referred by cost push inflation?
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Question 43 of 438
43. Question
Which term is used for a bank account which can be operated at will?
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Question 44 of 438
44. Question
Interest payments and any principal repayments which are due on a country’s external debt are known as:
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Question 45 of 438
45. Question
What is Demand note?
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Question 46 of 438
46. Question
What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices?
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Question 47 of 438
47. Question
Depression is a drastic decline in a national or international economy. It’s characteristic is:
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Question 48 of 438
48. Question
Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets?
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Question 49 of 438
49. Question
What does mean by Deed?
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Question 50 of 438
50. Question
Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time?
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Question 51 of 438
51. Question
What is referred by the discount rate?
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Question 52 of 438
52. Question
Term the shared of profits of a joint stock company?
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Question 53 of 438
53. Question
Different workers or group of workers separate the production works and trade into processes. What this separation is called?
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Question 54 of 438
54. Question
Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?
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Question 55 of 438
55. Question
Downsizing is:
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Question 56 of 438
56. Question
What is Dumping ?
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Question 57 of 438
57. Question
Which money is called ‘Earnest’ Money?
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Question 58 of 438
58. Question
How is termed the government’s order to prevent the arrival or departure of merchant ships or to restrict import or export of specified or all goods with a foreign nation?
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Question 59 of 438
59. Question
Endorsement means anything written upon the back of the document What does means by Endorse?
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Question 60 of 438
60. Question
Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity?
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Question 61 of 438
61. Question
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?
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Question 62 of 438
62. Question
What meant by excise?
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Question 63 of 438
63. Question
What is called a country’s total financial obligations to the rest of the world?
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Question 64 of 438
64. Question
In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system?
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Question 65 of 438
65. Question
Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold?
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Question 66 of 438
66. Question
An organization plans the use of its fund during a 12 month period. What is this period called?
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Question 67 of 438
67. Question
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?
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Question 68 of 438
68. Question
Mention the penalty by which a person loses title of his property, that is a result of some illegal act?
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Question 69 of 438
69. Question
An act of altering of a written or printed document with intentions of deceiving anyone is called:
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Question 70 of 438
70. Question
Which of the following is known as foreign exchange?
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Question 71 of 438
71. Question
How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea?
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Question 72 of 438
72. Question
What does mean by Franchise?
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Question 73 of 438
73. Question
Free port is:
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Question 74 of 438
74. Question
The amount that is paid for carriage of goods by chips, railways, airways etc is called:
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Question 75 of 438
75. Question
Term the interchange of commodities across political political frontiers without restriction such as tariffs, quotas, or foreign exchange controls?
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Question 76 of 438
76. Question
What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves?
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Question 77 of 438
77. Question
There are certain products which are sold without brand name or trademark What these products are called?
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Question 78 of 438
78. Question
The system under which a country’s currency is exchangeable for a fixed weight of gold on demand at central bank is called:
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Question 79 of 438
79. Question
Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal?
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Question 80 of 438
80. Question
By Which scale the value of all economic activity produced by a nation during a given period is measured?
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Question 81 of 438
81. Question
What is referred by the hard currency?
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Question 82 of 438
82. Question
Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement?
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Question 83 of 438
83. Question
Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system?
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Question 84 of 438
84. Question
Indemnity is:
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Question 85 of 438
85. Question
Inflation is:
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Question 86 of 438
86. Question
What is referred by interest?
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Question 87 of 438
87. Question
A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory?
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Question 88 of 438
88. Question
How is termed the economic theories or mayard Keynes especially those which advocate government monetary and fiscal and stimulate business activity?
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Question 89 of 438
89. Question
Total number of adults currently employed or actively seeking work in all economic sectors is known as:
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Question 90 of 438
90. Question
Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others?
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Question 91 of 438
91. Question
Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called?
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Question 92 of 438
92. Question
Termed the written statement which expresses the intention of undersigned to enter into a formal agreement?
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Question 93 of 438
93. Question
What is referred by the by economic theory “Liberalism”?
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Question 94 of 438
94. Question
LIFO (last in, first out) means:
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Question 95 of 438
95. Question
The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?
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Question 96 of 438
96. Question
Name the company in which the liability of the shareholders is limited to the amount of their shares?
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Question 97 of 438
97. Question
What is called the overall study of aspects and working of a national economy?
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Question 98 of 438
98. Question
The term Mark-up refers to:
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Question 99 of 438
99. Question
What is called the market in which forces of demand and supply are not in the control of government?
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Question 100 of 438
100. Question
The branch of economics ‘Microeconomics’ deals with:
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Question 101 of 438
101. Question
Monoculture is:
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Question 102 of 438
102. Question
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture? It is a sole power of dealing in something
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Question 103 of 438
103. Question
A company or corporation which was subsidiaries, investments or operation in more than one country is known as:
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Question 104 of 438
104. Question
What is mortgage?
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Question 105 of 438
105. Question
How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies?
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Question 106 of 438
106. Question
What is called the result of a state’s borrowing from its population, from foreign governments or from international institutions?
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Question 107 of 438
107. Question
Which term is used for the total net value of all goods and services produced in a country in specified period of time?
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Question 108 of 438
108. Question
What is called the amount of non-military foreign aid which a country received?
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Question 109 of 438
109. Question
How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country?
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Question 110 of 438
110. Question
Which term is used for the value imprinted on a security?
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Question 111 of 438
111. Question
The economics system planned economy is:
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Question 112 of 438
112. Question
How is termed the minimum income level below which a person is considered to be living in poverty?
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Question 113 of 438
113. Question
Point out the use of the term price fixing?
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Question 114 of 438
114. Question
A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called:
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Question 115 of 438
115. Question
What is price support?
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Question 116 of 438
116. Question
Which term is used for the period of competition in which each competitor tries to cut retail prices below the others?
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Question 117 of 438
117. Question
How is termed a written promise to pay back a specified sum of money at a stated time or on demand?
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Question 118 of 438
118. Question
The term prospectus refers to:
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Question 119 of 438
119. Question
What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods an services?
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Question 120 of 438
120. Question
By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process
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Question 121 of 438
121. Question
What is comprised by public sector?
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Question 122 of 438
122. Question
How is termed the ability to buy?
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Question 123 of 438
123. Question
What is the rate of exchange or exchange rate?
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Question 124 of 438
124. Question
The term Remittance refers to:
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Question 125 of 438
125. Question
Which term is used for a country’s holdings of intentionally acceptable means of payment?
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Question 126 of 438
126. Question
A payment is made in return for some transference of privilege. What this payment is called?
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Question 127 of 438
127. Question
What is sales tax?
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Question 128 of 438
128. Question
A government program, social security is:
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Question 129 of 438
129. Question
Name the political and economic system in which the government owns and controls the means of production to benefit all the people?
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Question 130 of 438
130. Question
Which term is used for an engagement in risky business with the idea of making a large profit in short time?
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Question 131 of 438
131. Question
A share or an interest in an enterprise, especially a financial share, is called:
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Question 132 of 438
132. Question
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?
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Question 133 of 438
133. Question
When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
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Question 134 of 438
134. Question
Which theory of economic management focuses on encouraging product through tax reduction?
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Question 135 of 438
135. Question
What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations?
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Question 136 of 438
136. Question
Government levy tax on imports and exports What this tax is called?
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Question 137 of 438
137. Question
The term technology refers to:
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Question 138 of 438
138. Question
A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called
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Question 139 of 438
139. Question
Which of the following is referred by the phrase trade balance?
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Question 140 of 438
140. Question
Trade name is:
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Question 141 of 438
141. Question
The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called?
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Question 142 of 438
142. Question
Government borrows in the form of promissory note to repay the bearer after some fixed days from the date of issue. How is called such borrowing?
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Question 143 of 438
143. Question
Which of the following is indicated by the term unemployed?
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Question 144 of 438
144. Question
What is underwriter?
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Question 145 of 438
145. Question
Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as:
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Question 146 of 438
146. Question
What is referred by the Working capital?
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Question 147 of 438
147. Question
What is artificial currency?
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Question 148 of 438
148. Question
Which of the following is a price that is equal to the face value of a security?
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Question 149 of 438
149. Question
An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called?
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Question 150 of 438
150. Question
What is called an internet strategy of dealing directly with business rather than consumer?
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Question 151 of 438
151. Question
Which market is called Bear market?
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Question 152 of 438
152. Question
Mention an international trade policy competitive devaluations and increased protective barriers that one country institute to gain at the expense of its trading partners?
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Question 153 of 438
153. Question
What is called the price that a potential buyer is willing to pay for a security?
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Question 154 of 438
154. Question
Quoted bid or highest price on inventor in willing to pay to buy a security is called?
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Question 155 of 438
155. Question
Which of the following are bonds that are not registered on the books of the issuer?
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Question 156 of 438
156. Question
Blue chip company is used in the context of general equities. What does it refer?
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Question 157 of 438
157. Question
Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called?
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Question 158 of 438
158. Question
In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have?
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Question 159 of 438
159. Question
Term the covering of a short position by purchasing a long contract, usually resulting from the short of a commodity?
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