Hard currency is defined as ?

A. currency traded in foreign exchange market for which demand is persistently relative to the supply
B. currency which is used in times of war
C. currency which loses its value very fast
D. none of these

Which is the best measure of economic growth of a country ?

A. gnp
B. gdp
C. net revenue
D. none of the above

Which economics term describes the takeover of one textile manufactures by another ?

A. diversification
B. horizontal integration
C. monopoly
D. vertical integration

To what does the phrase terms of trade refer ?

A. the currency exchange rate
B. the difference between the value of visible exports and visible imports
C. the government’s policies to increase exports
D. the rate at which exports are exchanged for imports

Monetary policy is regulated by ?

A. money lenders
B. central bank
C. private entrepreneurs
D. government policy

Who among the following is most benefited from inflation ?

A. government pensioners
B. creditors
C. savings bank account holders
D. debtors

An essential attribute of inflation is ?

A. fall in production
B. increase in prices
C. stagflation
D. none of these

A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?

A. inflation
B. hyper-inflation
C. deflation
D. disinflation

What is a Debenture ?

A. certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
B. certificate for the investment in shares
C. certificate for the preference share
D. none of these

The term ‘real wage’ means the money wage” ?

A. after tax
B. allowing for change in prices.
C. plus, benefits in kind
D. plus, overtime payments.