Basic concepts of economics mcqs for test preparation of Economics subject test, Courses and Jobs test.
Basic Concepts of Economics MCQs
What is called the difference in the money value between exports and imports during the specific period of time ?
A. Balance of payment
B. Balance sheet
C. Terms of trade
D. Balance of trade
How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?
A. Bankruptcy
B. Default
C. Total loss
D. Crash
What is called the trade of goods or services without the exchange of money ?
A. Free exchange
B. Liberal Exchange
C. Barter
D. Bilateral Trade
A stock that sells at a high price because of public confidence in its long record of steady earnings is called ?
A. Blue chip
B. Blue Chipper
C. An extremely valuable asset or property
D. All of these
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
A. Bonus
B. Overtime
C. Prize
D. Gift
How is termed the balance of investment and return; in which investment and return are exactly equal ?
A. Break even
B. Breakeven point
C. Both of them
D. None of them
Term the body of goods and monies from which future income can be derived ?
A. Net assets
B. Solid asset
C. Holdings
D. Capital
Which term is used for a bank account which can be operated at will ?
A. Saving Account
B. Fixed account
C. Current account
D. Fluctuated account
Depression is a drastic decline in a national or international economy. It’s characteristic is ______?
A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of these
What does mean by Deed _____?
A. legal instrument used to grand a right
B. Something done
C. legal instrument
D. none of the above
