Practice mode / Basic of Economics What does franchise mean? A Option A: Authorisation granted to someone to sell or distribute a company's goods or services in a certain area B Option B: Territory or limits within which immunity, privilege or right may be exercised C Option C: A privilege or right officially granted to a person or group by a government D Option D: All of the above Correct answer D. All of the above Explanation A franchise can mean a right or privilege officially granted by a government, a licence to sell a company's goods or services in a particular area, or the territory where such a right applies. Show answer Report a problem Answer checked 11 October 2026 · How we write and check questions
Question 01 / Basic of Economics What is the charge paid for carrying goods by ship, rail, air and so on called? A Option A: Hire and Fire B Option B: Freight C Option C: Rent D Option D: Transportation Charges Correct answer B. Freight Show answer Open question
Question 02 / Basic of Economics What is a group of countries called that has removed all tariffs, quotas and export subsidies on trade among themselves? A Option A: Close-trade zone B Option B: Free trade zone C Option C: Both of them D Option D: None of them Correct answer B. Free trade zone Show answer Open question
Question 03 / Basic of Economics What is the system called under which a country’s currency can be exchanged on demand at the central bank for a fixed weight of gold? A Option A: Bullion standard system B Option B: Gold standard system C Option C: Gold based system D Option D: None of the above Correct answer B. Gold standard system Show answer Open question
Question 04 / Basic of Economics Which measure gives the value of all economic activity produced by a nation during a given period? A Option A: Gross National Product (GNP) B Option B: Gross National Output C Option C: Gross Domestic Product (GDP) D Option D: Gross National output (GNO) Correct answer A. Gross National Product (GNP) Show answer Open question
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