What is called a country’s total financial obligations to the rest of the world ?
A. Total debt
B. Debt burden
C. National liabilities
D. External debt
What is Free port ?
A. Where no export duties are levied
B. Where no import duties are levied
C. Where no export or import duties are levied
D. Where everything can be import or export
What is inflation ?
A. Increase in the amount of circulating money
B. Lowering of purchasing power
C. Decrease in the amount of circulation money
D. None of these
Governmental non-interference in commerce is called ?
A. Free market economy
B. Laissez faire also Laisser faire
C. Open market economy
D. Liberal market economy
What is National debt or public debt ?
A. State’s borrowing from its population
B. State’s borrowing from foreign government
C. state’s borrowing from international institution
D. All of these
Term the minimum income level below which a person is considered to be living in poverty ?
A. Poverty level
B. Poverty line
C. Both of them
D. None of them
What is public sector ?
A. Public corporations
B. Central and local government
C. Nationalized Industries
D. All of them
What is called the tax that is levied on retail price of merchandise collected by retailer ?
A. Sales Tax
B. General Tax
C. Local Tax
D. Gross Tax
Currency that is expected to drop in value relative to other currencies is called ?
A. Local currency
B. Cold currency
C. Lime currency
D. Soft currency
Term the average income of the people of a country during a year ?
A. National income
B. Domestic income
C. Protection Income
D. Per capita Income
