Basic of Economics

A. Bearer cheques
B. Credit Cards
C. Demand Drafts
D. Gift Cheques

A. GNP
B. GDP
C. Net revenue
D. None of the above

A. Currency traded in foreign exchange market for which demand is persistently relative to the supply
B. Currency Which is used in times of war
C. Currency which loses its value very fast
D. None of these

A. The taxes earned by the State
B. The sum of all factors of income
C. Personal incomes of all the citizens
D. Surplus of exports over imports

A. an even distribution of income
B. an incentive to innovate
C. a wide range of public goods
D. full employment of labor

A. the currency exchange rate
B. the difference between the value of visible exports and visible imports
C. The government’s policies to increase exports
D. the rate at which exports are exchanged for imports

A. Diversification
B. horizontal integration
C. monopoly
D. vertical integration

A. Government pensioners
B. Creditors
C. Savings Bank Account holders
D. Debtors

A. Money lenders
B. Central Bank
C. Private entrepreneurs
D. Government policy

A. Inflation
B. Hyper-inflation
C. Deflation
D. Disinflation