What is National debt or public debt ?

A. state’s borrowing from its population
B. state’s borrowing from foreign government
C. state’s borrowing from international institution
D. all of these

What is the period called 12-months plan of a country to use its funds ?

A. fiscal period
B. calendar year
C. year unit
D. fiscal year (fy)

What is called a country’s total financial obligations to the rest of the world ?

A. total debt
B. debt burden
C. national liabilities
D. external debt

What is Free port ?

A. where no export duties are levied
B. where no import duties are levied
C. where no export or import duties are levied
D. where everything can be import or export

Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?

A. nikki index
B. nasdaq
C. dow jones index
D. major index

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

What is Dumping ?

A. sale of goods in large quantities with high quality
B. sale of goods in large quantities with low quality
C. sale of goods in large quantities and at a low price
D. sale of goods in large quantities with high price

Gross Domestic Product (GDP) is__________________?

A. value of all economic activity with in a nation’s border
B. economics output of a country
C. economic activities of federal government
D. none of these

What is called amount of money to purchase the goods and services to maintain life ?

A. cost living
B. basic requirement
C. cost of life
D. none of these

Reduction in the circulation of money resulting from fall of prices is known as ?

A. deflation
B. inflation
C. cost effective
D. cost