Total number of adults currently employed or actively seeking work in all economic sectors is known as ?

A. labor force
B. labor potential
C. work force
D. all of them

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

A. letter of credit
B. letter of expression
C. demand draft
D. letter of intent

What is referred by the by economic theory “Liberalism” ?

A. the free market
B. gold standard
C. laissez faire
D. all of these

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

A. to convert assets into cash
B. abolish
C. both of them
D. all of them

What is called the overall study of aspects and working of a national economy ?

A. macroeconomics
B. gross economics
C. mega economics
D. micro economics

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

A. hyperinflation
B. ultra-inflation
C. a cute inflation
D. super inflation

Inflation is ?

A. increase in the amount of circulating money
B. lowering of purchasing power
C. decrease in the amount of circulation money
D. none of the above

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

A. list of stock a company own
B. list of assets of a corporation
C. total obligation of a firm
D. an evaluation or a survey, as of abilities or resources

There are certain products which are sold without brand name or trademark What these products are called ?

A. generic
B. forged goods
C. contraband
D. clean goods

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

A. grey market
B. white market
C. red market
D. open market