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Basic Economics
What is referred by the by economic theory “Liberalism” ?
Gold standard
The free market
Laissez faire
All of these
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Basic Economics
What is comprised by public sector ?
Central and local government
Public corporations.
Nationalized industries
All of them
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Basic Economics
Name the methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries ?
Exchange Rate Mechanism (ERM)
Exchange Rate Balance
Exchange Rate Equilibrium
None of the above
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Basic Economics
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something
Encroachment
Unipolarity
Monotony
Monopoly
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Basic Economics
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
Bonus
Prize
Overtime
Gift
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Basic Economics
The term technology refers to______________?
Application of science to achieve a commercial or industrial objective
Science based know low
Application of modern science in the country
All of these
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Basic Economics
Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?
Cost of living
Cost of life
Basic requirement
None of the above
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Basic Economics
Debenture holders of a company are its_______________?
Debtors
Creditors
Shareholders
Directors
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Basic Economics
There are certain products which are sold without brand name or trademark What these products are called ?
Generic
Contraband
Forged goods
Clean goods
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Basic Economics
What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?
Cost pull
Demand pulls
Demand push
Demand supply
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