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Economics Mcqs

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

A. List of stock a company own
B. List of assets of a corporation
C. Total obligation of a firm
D. An evaluation or a survey, as of abilities or resources

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Total number of adults currently employed or actively seeking work in all economic sectors is known as ?

A. Labor force
B. Labor potential
C. Work force
D. All of them

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Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

A. letter of Credit
B. Letter of expression
C. Demand draft
D. Letter of intent

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What is referred by the by economic theory “Liberalism” ?

A. The free market
B. Gold standard
C. Laissez faire
D. All of these

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The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

A. To convert assets into cash
B. Abolish
C. Both of them
D. All of them

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What is called the overall study of aspects and working of a national economy ?

A. Macroeconomics
B. Gross economics
C. Mega economics
D. Micro economics

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What is called the market in which forces of demand and supply are not in the control of government ?

A. Market Economy
B. Free Market
C. Both of them
D. None of them

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Monoculture is ?

A. Farming practice of growing a single crop
B. Homogeneous Nations
C. Homogeneous market
D. Homogeneous business

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A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?

A. Multinational corporation
B. Multinational company
C. Both of them
D. None of them

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How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?

A. combine fund
B. Mutual fund
C. Liquid fund
D. Stock holding company

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