Basic Concepts of Economics MCQs

The sole legal right to print or publish anything which belongs to the author or his assignees is called ?

A. Property right
B. Sole right
C. Copyright
D. Right

Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

A. Cost of living
B. Basic requirement
C. Cost of life
D. None of the above

Interest payments and any principal repayments which are due on a country’s external debt are known as ?

A. Debt Payment
B. Service Charges
C. Debt Charges
D. Debt service

What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?

A. Demand push
B. Demand pulls
C. Cost pull
D. Demand supply

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?

A. Devolution
B. Devaluation
C. Price cap
D. Cut-rate

Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?

A. Demurrage
B. Penalty
C. Charges
D. Fine

Term the shared of profits of a joint stock company ?

A. Share
B. Profit-share
C. Dividend
D. Margin

Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?

A. Nikki Index
B. NASDAQ
C. Dow Jones Index
D. Major Index

An organization plans the use of its fund during a 12-month period. What is this period called ?

A. Fiscal period
B. Calendar year
C. Year unit
D. Fiscal year (FY)

Mention the penalty by which a person loses title of his property, that is a result of some illegal act ?

A. Confiscation
B. Bankruptcy
C. Forfeiture
D. Debenture

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