A. Confiscation
B. Bankruptcy
C. Forfeiture
D. Debenture
Economics Mcqs
Which of the following is known as foreign exchange ?
A. Transaction of International monetary business
B. Negotiable bills drawn in one country to be paid in another country
C. Both of them
D. None of them
How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?
A. Four Dragons
B. Little Tigers
C. Four Tigers
D. All of these
Free port is ?
A. Where no export duties are levied
B. Where no import duties are levied
C. Where no expert or import duties are levied
D. Where everything can be import or export
Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?
A. Open trade
B. Free trade
C. Open sky trade
D. Easy trade
There are certain products which are sold without brand name or trademark What these products are called ?
A. Generic
B. Forged goods
C. Contraband
D. Clean goods
Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?
A. Grey market
B. White market
C. Red market
D. Open market
What is referred by the hard currency ?
A. Any currency backed by gold or silver bullion rather than credit
B. Stable currency value of which does not fluctuate greatly
C. Both of them
D. None of them
Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?
A. Hyperinflation
B. Ultra-inflation
C. A cute inflation
D. Super inflation
Inflation is ?
A. Increase in the amount of circulating money
B. Lowering of purchasing power
C. Decrease in the amount of circulation money
D. None of the above