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Economics Mcqs

Term the sole legal right to print or publish anything that belongs to the author ?

A. property right
B. Sole right
C. Copyright
D. rights

Categories Basic of Economics, Economics Mcqs Leave a comment

What is Debt Service ?

A. Interest payments on external debts
B. repayments of external debt
C. none of these
D. Both of them

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What is called the reduction in the rate of a currency

A. Devolution
B. Devaluation
C. Price cap
D. Cut-rate

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Which kind of Tax is Federal subject ?

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

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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

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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

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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

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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

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

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

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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

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