Economics Test 4
Total Questions: 25
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A ) All the services and goods ✅
B ) Wages in terms of money
C ) Bonus
D ) Accident compensation
A ) Consumption is a function of income ✅
B ) Consumption is a function of saving
C ) Income is a function of Consumption
D ) Income is a function of saving
A ) Many sellers and many buyers ✅
B ) A few sellers and a few buyers
C ) A few sellers and many buyers
D ) A few buyers and many sellers
A ) Creditor
B ) Debtors ✅
C ) Salaried class
D ) Wage earners
A ) Fall in prices due to less circulation of currency
B ) Fall in employment due to declining production
C ) High inflation rate combined with high unemployment and uncharged consumer demand ✅
D ) None of these
A ) The sale of the sub-standard commodity
B ) Sale in a foreign market of a commodity at a price below marginal cost ✅
C ) Sale in a foreign market of a commodity just at marginal cost without too much of profit
D ) Smuggling of goods without paying any customs duty
A ) The money value of all goods produced ✅
B ) The money value of all finished goods and services
C ) Payments to factors for the production of finished goods
D ) Market values of all goods minus the value of inventory
A ) Kuala Lumpur
B ) Tokyo
C ) Bangkok
D ) Manila ✅
A ) It's per unit cost of production
B ) The amount of capital invested per unit of output ✅
C ) The ratio of capital depreciation to quantity of output
D ) The ratio of working capital employed quantity of output
A ) Planned consumption exceeds planned saving
B ) Planned consumption exceeds planned investment
C ) Intended investment equals intended saving ✅
D ) Intended investment exceeds intended saving
A ) Domestic purchasing ✅
B ) National incomes
C ) Values of exports
D ) Values of imports
A ) Consistency
B ) Disclosure ✅
C ) Conservatism
D ) Materiality
A ) Month
B ) Year
C ) Period ✅
D ) Half year
A ) ECU
B ) Pound Sterling
C ) Euro ✅
D ) Stermark
A ) Minimize tax liability
B ) Maximise yield with safety of financial investment
C ) Raise loans in accordance with needs of the borrowing company ✅
D ) Raising loans at least possible interest cost
A ) Pen and Ink
B ) Left shoe and right shoe
C ) Mustard oil and Coconut oil ✅
D ) Gold and Water
A ) A bank manager
B ) A football club manager
C ) A sales girl in a dress shop
D ) A grain merchant ✅
A ) Efficiency in production
B ) Equity in distribution
C ) Allocation of goods to those who can pay for it ✅
D ) Optimum utilisation of resources
A ) Total revenue receipts plus capital receipts (only recoveries of loans and other receipts) minus total expenditure (plan and non-plan)
B ) Total receipt minus total expenditure
C ) Total revenue receipts plus total capital receipts minus total expenditure
D ) Total revenue receipts plus total capital receipts minus total revenue expenditure ✅
A ) Income ✅
B ) Improvement in productivity
C ) Investment
D ) Export
A ) The official rate of interest changed by the Central Bank of a country ✅
B ) Interest rate charged by money lenders
C ) Interest rate changed by the Scheduled
D ) Rate of profit of the Banking Institution
A ) Extended market
B ) Limited market ✅
C ) Perfect market
D ) Price discrimination
A ) By borrowing from abroad
B ) In excess of revenue ✅
C ) Less than what is neede
D ) By getting foreign aid
A ) Government policy ✅
B ) Central Bank
C ) Money lenders
D ) Private entrepreneurs
A ) Deficit Budget
B ) Reduction in taxation
C ) Increase in public expenditure
D ) Reverse of inflation ✅