Time deposit has the same meaning as
Current account
Demand deposit
Deposit account
Bank deposit
Bank rate
Correct answer is C
No explanation has been provided for this answer.
A perfect market has all the following features except that
There are many buyers and few sellers
The commodities bought and sold are homogenous
There is free entry and exit
Buyers and sellers have perfect knowledge of the market
There is only one ruling price
Correct answer is A
No explanation has been provided for this answer.
A perfect competitor
A monopsony
An oligopoly
A discriminating monopoly
A duopoly
Correct answer is D
No explanation has been provided for this answer.
A rational consumer tends to do all the following except
Buying more at a high price than at a low price
Buying more at a low price than at a high price
Buying at utility maximization
Reacting to price changes
Complying with the law of demand
Correct answer is A
No explanation has been provided for this answer.
Price control can be defined as the fixing by Government of maximum or minimum price of
Luxury goods
Inferior goods
Imported capital goods
Certain selected goods
Goods consumed by low income earners
Correct answer is D
No explanation has been provided for this answer.