Stock Market Terms! Short Trivia Quiz

Explanation
Bullion rates refer to the prices at which gold and silver are bought and sold in the market. This is the correct answer because it accurately identifies gold/silver rates as the definition of bullion rates. Cotton rates, share prices, and oil prices are not related to bullion rates.

Explanation
KIBOR stands for Karachi Interbank Offered Rates. This is a financial benchmark rate used in Pakistan that represents the average interest rate at which banks in Karachi are willing to lend to each other. Therefore, the statement that KIBOR is the abbreviation of "Karachi Interbank Offered Rates" is true.

Explanation
The United States is considered the number one economy in the world due to its high GDP, strong industrial base, technological advancements, and global influence. It has a diverse range of industries such as finance, technology, manufacturing, and services, which contribute significantly to its economic growth. The United States also has a large consumer market and is home to many multinational corporations. Additionally, its currency, the US dollar, is widely accepted and used for international trade, further solidifying its position as the top economy globally.

Explanation
The Nikkei is the leading stock exchange indicator of Japan. It is a stock market index that tracks the performance of 225 large, publicly traded companies listed on the Tokyo Stock Exchange. The Nikkei is widely recognized as a benchmark for the Japanese stock market and is used by investors and analysts to assess the overall health and performance of the Japanese economy.

Explanation
The given statement is false. LIBOR stands for "London Interbank Offered Rate," not "Lahore Interbank Offered Rates." LIBOR is a benchmark interest rate that is used globally and is based on the rates at which major banks in London lend to one another.