A. A privilege or right officially granted by a person or group by a government
B. Authorization granted to someone to sell or distribute a company’s goods or service in certain area
C. Territory or limits within which immunity, privilege or right may be exercised
D. All of the above
Related Mcqs:
- What does mean by Deed________________?
A. legal instrument used to grand a right
B. Something done
C. legal instrument
D. none of the above - “Term bond” are bonds whose principle is payable at maturity. What does mean by Term certificate?
A. A bond with a longer time to maturity
B. A certificate of deposit whose principal is payable at maturity
C. A certificate of deposit with a shorter time to maturity
D. certificate of deposit with a longer time to maturity - What does mean by ‘Emerging Markets ?
A. Financial markets of developing economies
B. Financial markets of East Europe’s economies
C. Financial markets of Asian economies
D. Financial markets of Latin America - Rawls’s miximin criterion does not mean that there should be redistribution so as to equalise everyone’s incomes in society because ?
A. Such redistribution would mean that those who worked hard were no better off than those who were lazy and this would be unfair.
B. such redistribution would not maximize the total income of all members of society
C. Such redistribution would remove the incentive to work hard, so society’s total income would fall, and so the least well off person would be worse off than they could be under a system in which there was some inequality income.
D. such redistribution would amount to confiscation of honestly earned income from higher earners and so would be unjust. - When economists say that people act rationally in their self interest, they mean that individuals _______?
A. look for and pursue opportunities to increase their utility
B. generally disregard the interests of others
C. are mainly creatures of habit
D. are unpredictableSubmitted by: Mansoor Ul Haque
- When we refer to the hidden economy we mean unrecorded income owing to ?
A. tax evasion
B. poor statistics
C. the lags between statistical collection and publication
D. smuggling - By financial crowding out economist mean ?
A. credit rationing
B. government borrowing drives up interest rates
C. Bank of England controls on commercial bank lending
D. what the government borrows cannot be used for private investment - By controlling the monetary base economists mean ?
A. making banks keep a certain % of their assets as M0
B. controlling the money multiplier
C. restricting the amount of cash in circulation
D. not allowing commercial banks to issue notes and coins - When economists talk about developing countries experiencing flight of capital they mean?
A. money lent to the country being immediately invested abroad
B. People investing their money in urban business rather than agriculture
C. money moving around financial institutions rather than being invested in production
D. people investing money abroad rather than in their own country - Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?
A. Persuade the regulator to operate in the industry’s interests
B. Persuade the regulator to act in the firms interests.
C. Bribe the regulator.
D. Persuade the government to change the regulatory regime.
