What is deflation________________?
A. Deficit Budget
B. Reduction in taxation
C. Increase in public expenditure
D. Reverse of inflation
Related Questions on Basic of Economics Mcqs
Two countries can gain from foreign trade if ?
A. Cost ratios are different
B. Tariff rates are different
C. Price ratios are different
D. A and C of above
Which of the following is a valid currency______________?
A. Promissory note
B. Currency note
C. Exchange rate
D. Bank cheque
From each according to his ability to each according to his need is the theoretical slogan of ?
A. Feudal System
B. Capitalist System
C. Fascist System
D. Communist System
A. Gold currency
B. Hard currency
C. Silver currency
D. Soft currency
Oil is measured in barrels. What is the abbreviation for barrels________________?
A. Brl
B. Bel
C. Bbl
D. Obl