Economics & Trade Terms MCQs with Answers

Past Paper MCQ

What does the economic term 'deficit financing' imply?

• A.Government borrows only from foreign sources
• B.Government revenue exceeds expenditure
• C.Balanced government budget
• D.Government spends more than revenue

Past Paper MCQ

What does the term 'downsizing' refer to?

• A.Merging two companies
• B.Expanding business operations
• C.Increasing workforce
• D.Making in a smaller size

What does a balance sheet report show for a company?

• A.A report that shows the company's revenues, expenses, and profit over a period of time
• B.A report that shows the company's cash inflows and outflows during a fiscal year
• C.A report that shows the company's assets, liabilities, and equity at a specific point in time
• D.A report that shows the company's retained earnings and dividend distributions

The stock room is ?

• A.A place where raw materials are stored
• B.A place where finished goods are stored
• C.A place where machinery is kept
• D.Both A and B

The term 'Audit' is derived from a Latin word 'audire' which means?

• A.To hear
• B.To inspect
• C.To calculate
• D.To write

_ are small scale industries and they need low capital.

• A.Cottage industries
• B.Heavy industries
• C.Large scale industries
• D.Capital intensive industries

The cash balance of the _ is more than cash balance USA.

• A.Amazon
• B.Microsoft
• C.Google
• D.Apple

Which of these is a short name of Twitter's stock?

• A.TWR
• B.TWT
• C.TWIT
• D.TWTR

Globalization improvement changed the lifestyle of which countries?

• A.Developed
• B.Developing
• C.Underdeveloped
• D.None of these

A voucher may be ?

• A.a written document
• B.an oral agreement
• C.a verbal promise
• D.All of these