What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?

A. close-trade zone
B. free trade zone
C. both of them
D. none of them

The system under which a country’s currency is exchangeable for a fixed weight of gold on demand at central bank is called ?

A. god standard system
B. gold based system
C. bullion standard system
D. none of the above

By Which scale the value of all economic activity produced by a nation during a given period is measured ?

A. gross domestic product (gop)
B. gross national output (gno)
C. gross national product (gnp)
D. gross national output

Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?

A. hinterland
B. country land
C. dependent land
D. parasite land

Indemnity is_______________?

A. security against damages loss, or injury
B. a legal exemption from liability for damages
C. compensation for damages loss, or injury suffered
D. all of these

What is referred by interest ?

A. payment made for the use of another person’s money
B. payment made for the use of bank’s money
C. share in profit
D. devaluation in the currency

How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?

A. market economy
B. harvard group
C. keynesian
D. london group

What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?

A. floor price
B. fixed price
C. bid price
D. basic price

An act of altering of a written or printed document with intentions of deceiving anyone is called________?

A. fraud
B. cheating
C. forgery
D. fraudulent

What does mean by Franchise__________________?

A. a privilege or right officially granted by a person or group by a government
B. authorization granted to someone to sell or distribute a company’s goods or service in certain area
C. territory or limits within which immunity, privilege or right may be exercised
D. all of the above