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Basic Economics
In Planned economy’ Production and distribution of Wealth is under control of:
Private sector
Bank
Government
None of the above
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Basic Economics
What type of interest paid on previously earned interest as well as on the principal?
Total interest
Simple interest
Gross interest
Compound interest
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Basic Economics
Which of the following terms refers to income that is saved and not invested ?
Deposit
Capital
Hoarding
Profit
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Basic Economics
Bearer cheque is ?
payable through account only
payable to person holding it
Payable to anyone
payable after specific period
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Basic Economics
Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?
National Association of Securities Dealers Automatic Quotation system (Nasdaq)
New York Stock Exchange
Nikkei Stock Average
Wall Street
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Basic Economics
What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?
Localization
Protectionism
Domestication
National interest
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Basic Economics
What is called that executive who is brought in to turn a company around and make it profitable ?
Company doctor
Savior
Super manager
Manager doctor
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Basic Economics
Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?
Excise
Value addition
Value added
Tax on stage
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Basic Economics
Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?
Regulation is necessary for economic growth and stability
A free market is necessary for economic growth and stability
Active government intervention is necessary to ensure economic growth and stability
Government intervention is not necessary to ensure economic growth and stability
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Basic Economics
Who is insolvent_______________?
A firm that is unable to pay debts
A firm that is for sale
A firm that is liquidated
A firm that has more liabilities than assets
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