Term the written order which directs that a specified sum of money be paid to a specified person ?

Related Mcqs:

1. How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?

   A. Promissory Note (PN)
   B. Note of hand
   C. Both of them
   D. None of them

2. Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price ?

   A. Redemption
   B. Guarantee
   C. Repo
   D. Repurchase arrangements

3. If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

   A. coal miners must have greater human capital than others
   B. we have observed a compensating differential
   C. coal miners must be more attractive than other workers
   D. we have evidence of discrimination against workers outside the coal mine

4. How is termed the government’s order to prevent the arrival or departure of merchant ships or to restrict import or export of specified or all goods with a foreign nation ?

   A. Embargo
   B. Contraband
   C. Ban
   D. Restriction

5. Which term is used for the total net value of all goods and services produced in a country in specified period of time ?

   A. National income
   B. Public income
   C. Local income
   D. Gross income

6. If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?

   A. 3.1 percent
   B. 3.0 percent
   C. 18.6 percent
   D. 18.0 percent

7. Which money is called ‘Earnest’ Money ?

   A. Advanced payment to bind a contract or bargain
   B. A token of something to come
   C. A promise or assurance
   D. All of these

8. Which money is called Hot money ?

   A. That moves across country borders in response to interest rate differences
   B. That moves away when the interest rate differential
   C. Both of them
   D. None of them

9. A tax which is paid by the person on whom the tax is incident is called a ?

   A. Local tax
   B. Indirect tax
   C. Direct tax
   D. Rate

10. The quantity theory of money implies that a given percentage change in the money supply will cause ?

    A. an equal percentage change in nominal DGP.
    B. an equal percentage change in real GDP
    C. a larger percentage change in nominal GDP
    D. a smaller percentage change in nominal