economics Mcqs
1. the national economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
451. Who is a Lame Duck in a stock market ?
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A. A old investor

B. A new investor

C. None of the above

D. A member of the stock exchange who cannot meet his obligations
452. A tax which is paid by the person on whom the tax is incident is called a ?
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A. Rate

B. Local tax

C. Direct tax

D. Indirect tax

453. Government of Pakistan issues currency on the basis of__________________?
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A. Demand for money in the country

B. Tax collection

C. Availability of dollars in the country

D. Availability of gold in the country

454. An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?
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A. European Currency System (ECS)

B. Common Monetary System (CMS)

C. European Monetary Mechanism (EMM)

D. European Monetary Fund (EMF)

455. Pakistans fiscal years starts from?
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A. 1st April

B. 1st September

C. 1st July

D. 1st January

456. Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
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A. tariff-rates quotas

B. multilateral contracts

C. production and export controls

D. buffer stock arrangements

457. In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?
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A. Family growth

B. Spreadsheet

C. Butterfly

D. Splinter

458. In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?
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A. Pm/Px

B. Px/Pm

C. (Px/Pm)Qx

D. (Pm/Px)Qm

459. What is called interest that is paid previously earned interest as well as on the principal ?
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A. Compound interest

B. Gross interest

C. Total interest

D. Simple interest
460. Antidumping duties applied to imported goods ?
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A. are abolished by the World Trade Organization

B. result in lower-priced goods for domestic consumers

C. are imposed by industrial countries but not developing countries

D. result in decreases in consumer surplus for domestic households
461. A widely used indicator to differentiate developed countries from developing countries is ?
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A. international trade per capita

B. real income per capital

C. unemployment per capita

D. calories per capita

462. Which of the following must always balance ?
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A. The balance of invisible trade

B. The balance of payments

C. The balance on the current account

D. The balance of visible trade

463. Economic sanctions?
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A. affect international trade but not international financial flows

B. involve restrictions on imports, but not exports

C. involve restrictions in imports exports and or financial flows

D. are prohibited by the World Trade Organization

464. What is Black Money ?
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A. None of these

B. Money earned through underhand deals

C. Income on which payment of tax is usually evaded

D. Illegally earned money

465. Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexicos imports equal ?
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A. 10 radios

B. zero radios

C. 5 radios

D. 15 radios

466. To be considered a good candidate for export cartel, a commodity should ?
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A. have a low price elasticity of supply

B. be a manufactured good

C. be a primary product

D. have a high price elasticity of demand

467. Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?
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A. NASDAQ

B. Dow Jones Index

C. Major Index

D. Nikki Index

468. What is Dumping ?
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A. Sale of goods in large quantities with low quality

B. Sale of goods in large quantities with high price

C. Sale of goods in large quantities with high quality

D. Sale of goods in large quantities and at a low price
469. Government levy tax on imports and exports What this tax is called ?
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A. Custom

B. Tariff

C. Exercise Duty

D. Freight

470. What is called that debt obligation backed strictly by the borrowers integrity ?
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A. Credit rating

B. Debenture

C. None of them

D. Securities

471. Portion of a companys profit paid to common and preferred shareholders is called ?
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A. Dividend

B. Gross Profit

C. Profit share

D. Right share

472. Which term is used for a countrys holdings of intentionally acceptable means of payment ?
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A. Foreign currency

B. Holdings

C. Reserves

D. Treasure

473. A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?
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A. Fixed investment

B. term deposit

C. Bond deposit

D. time deposit

474. Commercial policy means_______________?
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A. Policy about money supply

B. Policy about markets

C. Policy about imports and exports

D. Policy of controlling of prices of goods

475. Those who argue in favor of import protection generally give the impression that such restricted trade will?
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A. provide benefits to some particular industry

B. provide benefits to the entire nation

C. not yield welfare losses for the nation

D. decrease the level of national security

476. There are certain products which are sold without brand name or trademark What these products are called ?
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A. Forged goods

B. Clean goods

C. Generic

D. Contraband

477. Reduction in the circulation of money resulting from fall of prices is known as ?
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A. deflation

B. inflation

C. cost

D. cost effective

478. What is the rate of exchange or exchange rate ?
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A. Ratio at which unit of one countrys currency is exchanged for unit of another country currency

B. Foreign currency holding

C. None of them

D. Power to buy foreign currency

479. An evaluation of an individuals or companys ability to obligations or its likelihood of not defaulting is known as ?
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A. Credit rating

B. Credit credibility

C. Credit risk

D. Credibility

480. The standard of living in a country is represented by its ?
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A. Per capita income

B. Poverty ratio

C. National income

D. None of these

481. Treasury bill is used for_________________?
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A. Treasury bill is a govt. tax bill

B. Getting short term loans

C. Treasury bill in not credit instrument

D. Getting long term loans

482. Which company holds the world record for having the maximum number of shareholders ?
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A. Reliance Industries Ltd.

B. General Motors

C. State Bank

D. British Gas

483. What is referred by the Working capital ?
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A. Assets of business that can be applied to its operation

B. Amount of current assets that exceeds current liabilities

C. Both of them

D. None of them

484. What is underwriter ?
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A. To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price

B. To sign so as to assume liability in case of specified losses

C. All of them

D. To assume financial responsibility for grantee against failure

485. The OPEC oil cartel ?
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A. has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities

B. was successful in raising oil prices in the 1970s but was disbanded in the 1980s

C. has shown greater success in realizing profits during periods of global recession

D. has shown that is easy to achieve cooperation among cartel members

486. What is price support ?
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A. To enhance price

B. To maintain price at specific level

C. To increase price artificially

D. Maintenance of price through public subsidy or government intervention
487. What is National debt or public debt ?
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A. states borrowing from international institution

B. States borrowing from its population

C. States borrowing from foreign government

D. All of these
488. Suppose that Russia steel firms engage in dumping in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumping?
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A. decrease

B. an data-mce-type="bookmark" style="width: 0px;overflow: hidden;line-height: 0" class="mce_SELRES_start">?A. increase

C. not change

D. None of These

489. When one country provides most favored nation status (normal trade relations) for another, it agrees to ?
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A. exports to that nation any products that it wants to purchase

B. charge that nations products a higher tariff than any other nations

C. charge the nations products a lower tariff than any other nations

D. charge that nations products a tariff rate no higher than that on any other nation
490. When the stock market is down falling it is called ?
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A. Falling

B. Bearish

C. Bullish

D. Crashing

491. Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?
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A. Demand draft

B. Letter of intent

C. letter of Credit

D. Letter of expression

492. Name the Company that is listed with the SEC after submission of a required statement and compliance with disclosure requirement ?
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A. Limited company

B. Public limited company

C. Registered company

D. Public company

493. From each according to his ability to each according to his need is the theoretical slogan of ?
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A. Feudal System

B. Communist System

C. Capitalist System

D. Fascist System

494. In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?
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A. Grain prices would rise in the Soviet union

B. Grains prices would rise in the united States

C. Export revenues would decrease for U.S producers

D. Consumer surplus would decrease for the soviets

495. Where Nikkei Stock average applies ?
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A. Mainly to Korean equities

B. Mainly to Japanese equities

C. Mainly to international equities

D. Mainly to US equities

496. Oil is measured in barrels. What is the abbreviation for barrels________________?
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A. Brl

B. Obl

C. Bbl

D. Bel

497. What is inflation ?
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A. Lowering of purchasing power

B. Increase in the amount of circulating money

C. Decrease in the amount of circulation money

D. None of these

498. Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?
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A. the same as

B. relatively less than

C. any of the above

D. relatively greater then
499. Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?
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A. Hyperinflation

B. Ultra-inflation

C. Super inflation

D. A cute inflation

500. What is called the stock that sells at a high price ?
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A. Blue chip

B. An extremely valuable asset or property

C. Blue Chipper

D. All of these