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1) What is a Debenture ? a. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period b. Certificate for the investment in shares c. Certificate for the preference share d. None of these
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2) Inflation means ? a. Rise in budget deficit b. Rise in money supply c. Rise in general price index d. Reflection
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3) Which is the oldest stock exchange of the world ? a. New York stock exchange b. Tokyo stock exchange c. London stock exchange d. None of them
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4) What do you understand by Laissez faire ? a. Active intervention b. Sound commercial affairs c. Interference by the state in law and order d. None of these
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5) What is called a Tax on imports, exports ? a. Drawback b. Duty c. Custom d. Excise
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6) What is Debt retirement______________? a. To write off debt b. To reschedule debt c. To repay debt in easy installments d. The complete repayment of debt
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7) Term the rules and particles that govern the management of an organization ? a. Internal laws b. By laws c. Character d. Memorandum of articles
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8) What is Tariff ? a. tax that government levy on imports b. tax that government levy on exports c. Both of them d. None of them
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9) Economic system in which the government owns and controls the means of production to benefit all the people is called ? a. Dictatorship b. Socialism c. Capitalism d. Authoritarianism
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10) What is Remittance_______________? a. Sending of money to someone at distance b. The sum of money sent c. Both of them d. None of them
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11) What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ? a. Domestication b. Protectionism c. Localization d. National interest
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12) In Planned economy’ Production and distribution of Wealth is under control of_____________? a. Private sector b. Government c. Bank d. None of the above
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13) Market in which forces of demand and supply are not in the control of government is called ? a. Market Economy b. Free Market c. Both of them d. None of them
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14) Interest is______________? a. Payment made for the use of another person’s money b. Payment made for the use of bank’s money c. Share in profit d. Devaluation in the Currency
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15) Term the group of countries that have removed all restrictions on trade among themselves? a. Close-Trade zone b. Free-trade zone c. Both of them d. None of them
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16) During a given period how the economic activity of a nation is measured? a. Gross Domestic Product (GOP) b. Gross National output (GNO) c. Gross National product (GNP) d. Gross National Output
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17) What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ? a. Open trade b. Free trade c. Open sky trade d. Easy trade
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18) Group of Singapore, Hong, Kong, Taiwan, and south Korea is called? a. Four Dragons b. Little Tigers c. Four Tigers d. All of these
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19) Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ? a. Floor price b. Fixed price c. Bid Price d. Basic Price
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20) What is meant by excise? a. A tax levied on certain articles produced and consumed in a country b. A licensing charge or a fee levied for certain privileges c. Both of them d. None of them
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21) Restriction on import or export of specified or all goods with a foreign nation by the Government is called ? a. Embargo b. Contraband c. Ban d. Restriction
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22) Downsizing is ? a. to make in a smaller size b. to make in actual size c. To make in half size d. None of these
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23) Which kind of Tax is Federal subject ? a. Excise Tax b. Property Tax c. Zakat d. General Sales Tax
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24) What is called the reduction in the rate of a currency a. Devolution b. Devaluation c. Price cap d. Cut-rate
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25) What is Debt Service ? a. Interest payments on external debts b. repayments of external debt c. none of these d. Both of them
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26) Term the sole legal right to print or publish anything that belongs to the author ? a. property right b. Sole right c. Copyright d. rights
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27) What are called goods that satisfy human wants through their direct use ? a. cash goods b. consumer items c. consumer goods d. cash items
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28) A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle? a. Relative Advantage b. Complete Advantage c. Comparative Edge d. Comparative Advantage
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29) Crop grown for sale is called? a. Business Crop b. Cash crop c. Money Crop d. Earning Crop
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30) Goods and monies from which future income can be derived is called ? a. Net assets b. Assets c. Holdings d. Capital
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