Basic Concepts of Economics MCQs

Which term is used for an engagement in risky business with the idea of making a large profit in short time ?

A. Idealism
B. Blind game
C. Speculation
D. Risk covering

Which theory of economic management focuses on encouraging product through tax reduction ?

A. Liberalism
B. Free market economics
C. Supply-side economics
D. Supervised market

Government levy tax on imports and exports What this tax is called ?

A. Custom
B. Exercise Duty
C. Tariff
D. Freight

A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called

A. Bond deposit
B. term deposit
C. time deposit
D. Fixed investment

What is referred by the Working capital ?

A. Assets of business that can be applied to its operation
B. Amount of current assets that exceeds current liabilities
C. Both of them
D. None of them

Which of the following is a price that is equal to the face value of a security?

A. Balanced
B. At Equilibrium
C. At Par
D. None of them

What is called an internet strategy of dealing directly with business rather than consumer ?

A. B2B
B. Indirect contact
C. Step by step
D. Trickle down

Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?

A. Nationalist policy
B. Domestic policy
C. Protectionist policy
D. Beggar-thy-beighbour

Quoted bid or highest price on inventor in willing to pay to buy a security is called ?

A. Offer price
B. Bid price
C. Quote price
D. Market price

Blue chip company is used in the context of general equities. What does it refer ?

A. A multinational company
B. Large and creditworthy company
C. A conglomerate company
D. A consortium of companies

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