A. Advanced payment to bind a contract or bargain
B. A token of something to come
C. A promise or assurance
D. All of these
Economics Mcqs
Endorsement means anything written upon the back of the document What does means by Endorse ?
A. To verify signature
B. To verify the person holding cheque
C. To sign one’s name upon the back of cheque
D. To sign one’s name upon the front of cheque
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 ?
A. Currency exchange
B. Currency value
C. Currency value
D. Exchange rate
Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?
A. FIFO (first in first out)
B. LAFO (last in first out)
C. First come First serve
D. None of these
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 ?
A. Floor price
B. Fixed price
C. Bid price
D. Basic price
An act of altering of a written or printed document with intentions of deceiving anyone is called……..?
A. Fraud
B. Cheating
C. Forgery
D. Fraudulent
What does mean by Franchise………………?
A. A privilege or right officially granted by a person or group by a government
B. Authorization granted to someone to sell or distribute a company’s goods or service in certain area
C. Territory or limits within which immunity, privilege or right may be exercised
D. All of the above
The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
A. Hire and Fire
B. Rent
C. Transportation Changes
D. Freight
What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?
A. Close-trade zone
B. Free trade zone
C. Both of them
D. None of them
The system under which a country’s currency is exchangeable for a fixed weight of gold on demand at central bank is called ?
A. God standard system
B. Gold based system
C. Bullion standard system
D. None of the above