A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

A. price index
B. price indexing
C. price fixing
D. price choosing

What is called the result of a state’s borrowing from its population, from foreign governments or from international institutions ?

A. national debt
B. public debt
C. both of them
D. none of them

What is called the amount of non-military foreign aid which a country received ?

A. grands
B. official development assistance (oda)
C. foreign aid
D. friendly aid

The term Mark-up refers to________________?

A. rise in the price of an item for sale
B. an amount added to cost price in calculating selling price
C. both of them
D. all of them

The branch of economics ‘Microeconomics’ deals with______________?

A. small units, including individual companies and small group of consumers
B. economics of homes
C. economics of stock market
D. economics of provinces

Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?

A. free market economy
B. laissez faire also laisser faire
C. open market economy
D. liberal market economy

Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ?

A. letter of intent
B. letter of credit
C. letter of expression
D. papers of landing

LIFO (last in, first out) means ?

A. to make queue
B. items are removed in inverse order
C. turn by turn
D. make space for new production

Name the company in which the liability of the shareholders is limited to the amount of their shares ?

A. limited company
B. incorporation
C. cooperative
D. corporation

The amount that is paid for carriage of goods by chips, railways, airways etc is called ?

A. hire and fire
B. rent
C. transportation changes
D. freight