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
Related Mcqs:
- What 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 these
D. None of the above - What is meant by capital stock ___________?
A. Authorized amount of stock for issue by corporation
B. The total stated or par value of the permanently invested capital of corporation
C. Both of them
D. None of them - What is meant by an objective ?
A. A policy
B. A way of reaching a target
C. A target
D. A strategy - Point out the term for producer goods such as machinery that is used in production of commodities ?
A. Capital assets
B. Running capital
C. Capital goods
D. Hard capital - How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?
A. Market Economy
B. Harvard Group
C. Keynesian
D. London Group - 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 is rate of interest the major international banks charge each other for borrowings ?
A. New York Interbank Offered Rates (NIBOR)
B. international Interbank Offered Rates (IOBOR)
C. London Interbank Offered Rate (LIBOR)
D. USA Interbank Offered Rate (UIBOR) - Depression is a drastic decline in a national of international economy It’s characteristic is ?
A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of these - Which function is performed by both commercial banks and central banks ?
A. Acting as bankers to the government
B. Advising the government on monetary policy
C. Dealing in foreign exchange
D. Fixing the main interest rate - When the State Bank wants to decrease money supply in the country, it _______________?
A. Buys govt. securities in stock market
B. Sells govt. securities
C. Lowers discount rate
D. B and C of above
