(A) Effeciency in production
(B) Effeciency in distribution
(C) Allocation of goods to those who can pay for it
(D) Optimum utilization of resources
Tag: Economics Mcq Questions and Answers
Which one of the following could best be regarded as an enterprenure:
(A) A bank manager
(B) A football club manager
(C) A sales girl in a dress shop:
(D) A grain merchant
Which of the following pair of commodities is an example of substitute goods:
(A) Pen and ink
(B) Left shoe and right shoe
(C) Musturd oil and coconut oil
(D) Gold and water
Portfolio management means an effort to:
(A) Minimize tax libility
(B) Maximize yield with safety of financial investments
(C) Raise loans in accordance with needs of the borrowing company
(D) Raising loans at least possible interest cost
What is the new common currency of European Union:
(A) ECU
(B) Pound Sterling
(C) Euro
(D) Stermark
A Balance Sheet is usually prepared at the end of:
(A) Month
(B) Year
(C) Period
(D) Half year
Contingent libility approves as a footnote in the Balance Sheet This involves an accounting principal named as:
(A) Consistency
(B) Disclosure
(C) Conservatism
(D) Materiality
The theory of purchasing power party holds that the exchange rate between two curriencies tends to be in the ratio of their respectives:
(A) Domestic purchasing
(B) National incomes
(C) Value of exports
(D) Value of imports