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Basic Economics
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Basic Economics
To determine the correct level of GNP, it is necessary to ?
To add up the values of goods and services for one year
To count all imports
Add up all savings
To add up the value of semi-finished goods
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Basic Economics
Which of the following would increase national income ?
Increase in savings
Increase in taxation
Increase in govt. spending
Decrease in consumption spending
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Basic Economics
In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ?
kickback
Bribe
Commission
Graft
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Basic Economics
The govt. can control inflation by______________?
Increasing demand for goods
Increasing supply of goods
Decreasing taxes
Increasing money supply
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Basic Economics
What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ?
Country economic risk
National economic risk
Country finance risk
Foreign exchange risk
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Basic Economics
What is more likely to be found in a free market economy than in a planned economy ?
a wide range of public goods
an incentive to innovate
an even distribution of income
full employment of labor
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Basic Economics
Which of the following is Price of the last transaction of a particular stock completed during a day’s trading session on an exchange ?
End price
Closing Price
Night Price
Final price
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Basic Economics
What is a Debenture ?
Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
Certificate for the preference share
Certificate for the investment in shares
None of these
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Basic Economics
Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?
Financial assistance given by one person or government to another
Financial assistance given to aged people
Financial assistance given to poor people
Financial assistance given to small companies
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Basic Economics
What is called interest payments plus repayments of principal to creditors ?
Debt relief
Debt retirement
Debt service
Payback
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