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Basic Economics
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Basic Economics
Rate of growth of an economy is measured in terms of________________?
Industrial development
Per capita income
Number of people who have been lifted above the poverty line
National income
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Basic Economics
Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?
NASDAQ
Nikki Index
Dow Jones Index
Major Index
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Basic Economics
Crop grown for sale is called?
Money Crop
Cash crop
Business Crop
Earning Crop
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Basic Economics
Point out the use of the term price fixing ?
Artificial setting of price of commodity by government
Unlawful agreement between manufacturers to set and maintain specified price on typically competing products
Both of them
None of them
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Basic Economics
What is artificial currency ?
A currency substitutes
De-valued currency
Coins
Silver
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Basic Economics
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?
Abolish
To convert assets into cash
Both of them
All of them
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Basic Economics
An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?
Stock-taking
Audit
Checking
Accounting
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Basic Economics
Total number of adults currently employed or actively seeking work in all economic sectors is known as ?
Labor force
Work force
Labor potential
All of them
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Basic Economics
How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?
Note of hand
Promissory Note (PN)
Both of them
None of them
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Basic Economics
Mention the penalty by which a person loses title of his property, that is a result of some illegal act ?
Bankruptcy
Confiscation
Forfeiture
Debenture
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