The rebate or discount where ordinary share on a purchase that is accumulated for a particular period to encourage customers to remain with a specific supplier is called:
(a) Deferred Rebate
(b) Aggregated Rebate
(c) Both of the above-✔️
(d) None of the above
The excess of an expenditure flow over an income flow is termed as:
(a) Loss
(b) Deficit-✔️
(c) Surplus
(d) Shortage
The use of borrowing to finance an excess of expenditure over income is known as:
(a) Deficit Financing-✔️
(b) Debt Retirement
(c) Both of the above
(d) None of the above
A sustained reduction in the general level of prices is called:
(a) Inflation
(b) Deflation
(c) Disinflation
(d) Both B and C-✔️
A decline in the share of manufacturing sector in national income is termed as:
(a) Industralization
(b) Privatization
(c) Nationalization
(d) Deindustralization-✔️
The desire for a particular good or service supported by the possession of the necessary means of exchange to effect ownership is called:
(a) Supply
(b) Demand-✔️
(c) Loss
(d) Incentive
The scenario that western countries face a crisis in the next few decades caused by the aging of their populations is termed as:
(a) Demographic Time Bomb-✔️
(b) Green House Effect
(c) Population Explosion
(d) All of the above
The branch of economics concerned with the rate at which natural resources are consumed over time is called
(a) Marxism
(b) Capitalism
(c) Depletion theory-✔️
(d) Game Theory
Money placed in an account at a financial institution and constituting a claim on it is known as
(a) Deposit-✔️
(b) Credit
(c) Debt
(d) Hoarding
The account with a bank or other financial institution in which deposits earn interest and withdraws from which require notice is referred to as:
(a) Deposit Account-✔️
(b) Current Account
(c) Profit-Loss Account
(d) None of the above
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