An account is a formal banking, brokerage or business relationship set up to provide regular services, dealings and financial transactions. Which of the following does the term account also refer to?
Correct answer D. All of these
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Economics MCQs
Page 96 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 96 of 131
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
The exchange rate is the ratio at which one country’s currency is exchanged for another’s. Which method did the World Bank develop for converting exchange rates?
Correct answer B. Atlas method of exchange rate
What is the difference in money value between a country’s exports and imports over a given period called?
Correct answer D. Balance of trade
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What is the legal proceeding called that applies when a debtor cannot pay creditors in full?
Correct answer A. Bankruptcy
What is the exchange of goods or services without the use of money called?
Correct answer C. Barter
What is a share that commands a high price because of public confidence in its long record of steady earnings called?
Correct answer D. All of these
Which term is used for an addition to normal pay given by a company or an extra gratuity paid to workers?
Correct answer C. Bonus
What is the balance of investment and return, at which they are exactly equal, called?
Correct answer C. Both of them
What is the recurring sequence of economic activity typically marked by recession, recovery, growth and decline called?
Correct answer D. Business Cycle
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What is the body of goods and money from which future income can be derived called?
Correct answer D. Capital
What does the term capital stock mean?
Correct answer C. Both of them
What is the term for producer goods, such as machinery, that are used to make other commodities?
Correct answer B. Capital goods
What does the term cartel refer to?
Correct answer D. All of the above
What is the term for an arrangement under which the buyer must pay for goods when they are delivered?
Correct answer A. Cash on Delivery
What is a workplace called in which all workers in a section must belong to one officially recognised trade union?
Correct answer C. Closed shop
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What are goods that satisfy human wants through their direct use or consumption called?
Correct answer C. Consumer goods
What is an enterprise or organisation called that is run by the people who use its facilities or services?
Correct answer B. Cooperative
What is the organisation called in which people are associated for a common purpose under a common name and which is created and recognised by law?
Correct answer D. Corporation
What does cost effective mean?
Correct answer A. Economical in terms of the goods or services received for the money spent
What is the cost of production plus a fixed rate of profit called?
Correct answer B. Cost plus