Basic Concepts of Economics MCQs

What is called the difference in the value of a nation’s imports over exports or exports over imports ?

A. Trade deficit
B. Trade simples
C. Both a & b
D. Not a nor b

Pick out the generic term for the securities industry firms that buy sell and underwrite securities ?

A. Wall street
B. NASDAQ
C. Nikkei index
D. Yahoo index

Which of the following is not an indirect tax ?

A. Income tax
B. Sales tax
C. Custom duty
D. Tariff

USA is the chief exporter of ?

A. Coal
B. Copper
C. Cotton
D. All of these

South Africa is the chief exporter of ?

A. Coffee
B. Copper
C. Diamond
D. Gold

Which country is the chief exporter of jute ?

A. Bangladesh
B. India
C. Both of them
D. None of them

India is the chief exporter of ?

A. Mica
B. Rubber
C. Silver
D. Gold

Malaysia is the chief exporter of ?

A. Jute
B. Diamond
C. Tin
D. Rubber

What is called the situation in which a debtor remains unable to pay his creditors in full ?

A. Bankruptcy
B. Default
C. Total loss
D. Crash

What is called the stock that sells at a high price ?

A. Blue chip
B. Blue Chipper
C. An extremely valuable asset or property
D. All of these

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