Basic Concepts of Economics MCQs

How is termed the ability to buy?

A. Purchasing power
B. Income level
C. Gross purchasing power
D. Purchasing power parities (PPP)

A payment is made in return for some transference of privilege. What this payment is called ?

A. Royalty
B. Rent
C. Share
D. Intellectual royalty

A share or an interest in an enterprise, especially a financial share, is called ?

A. Share holding
B. Stake
C. Partnership
D. None of these

Which of the following is referred by the phrase trade balance ?

A. Income from export
B. Difference between imports and exports
C. Income from imports
D. All of them

The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?

A. Insignia
B. Patent mark
C. Trade Mark
D. Identification mark

Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?

A. Value addition
B. Excise
C. Value added
D. Tax on stage

What is artificial currency ?

A. A currency substitutes
B. Coins
C. De-valued currency
D. Silver

What is called the price that a potential buyer is willing to pay for a security ?

A. Bid
B. Offer price
C. Quote price
D. None of these

Which of the following are bonds that are not registered on the books of the issuer ?

A. Open bond
B. Blank bond
C. Term bond
D. Bearer bond

Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called ?

A. Management
B. Board of Governor
C. Top brass
D. Board of Directors

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