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Basic Economics
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Basic Economics
Mention the theory of inflation or price increase that results from so-called excess demand ?
Cost-push inflation
Demand curve theory
Demand-pull inflation
Demand push inflation
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Basic Economics
Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
Domestic policy
Nationalist policy
Protectionist policy
Beggar-thy-neighbour
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Basic Economics
What is underwriter ?
To sign so as to assume liability in case of specified losses
To assume financial responsibility for grantee against failure
To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price
All of them
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Basic Economics
An essential attribute of inflation is ?
Stagflation
Increase in prices
Fall in production
None of these
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Basic Economics
Fiscal deficit in the budget means ?
Capital deficit plus revenue deficit
Budgetary deficits plus the net borrowings of the government
Revenue deficit plus the net borrowings of the government
Primary deficit minus capital deficit
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Basic Economics
Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?
FIFO (first in first out)
First come First serve
LAFO (last in first out)
None of these
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Basic Economics
Which theory of economic management focuses on encouraging product through tax reduction ?
Free market economics
Liberalism
Supply-side economics
Supervised market
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Basic Economics
Which of the following payment instruments introduced by the banks is known as plastic money ?
Demand Drafts
Credit Cards
Bearer cheques
Gift Cheques
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Basic Economics
Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?
Greater than one
Less than one
Equal to one
Zero
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Basic Economics
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
Production line
Assembly line
Both of them
None of them
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