A. Profit in a year
B. Statements of accounts that shows debit and credit accounts under the broad heads
C. Performance of a company
D. Accurate economic position
Economics Mcqs
Bearer cheque is ?
A. Payable to anyone
B. payable to person holding it
C. payable through account only
D. payable after specific period
Term the written order which directs that a specified sum of money be paid to a specified person ?
A. Bill of Exchange BE
B. Bill of Lading
C. Bearer Cheque
D. None of them
Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?
A. Certificates
B. Sureties
C. Security bonds
D. Bond
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 ?
A. Open value
B. Book value
C. Real value
D. Artificial value
The intermediary agent in the purchase and sale of any good is known as ?
A. Dealer
B. Broker
C. Agent
D. Commission agent
What is called the rules of laws which governs the internal affairs of an organization ?
A. Corporate Laws
B. Secondary Laws
C. By laws
D. Internal Laws
A long-term asset, such as land or building is termed as ?
A. capital asset
B. solid asset
C. solid capital
D. Future asset
Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?
A. Money flight
B. Capital drain
C. Free flow
D. Capital flight
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 ?
A. Capitalism
B. Socialism
C. Free market economy
D. Liberalism