economics MCQs – Page 10

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

economics Mcqs

1. the national economy 2. profit maximizing under perfect competition and monopoly 3. application of economics 4. the aggregate demand aggregate supply model 5. surplus 6. money interest rates and output 7. average and total cost 8. stabilization adjustment reform and privatization 9. risks and diversification efficient market hypothesis 10. the phillips curve 11. supply and demand 12. capital formation investment choice information technology and technical progress 13. aggregate supply unemployment and inflation 14. elasticity 15. comparative gdp 16. roots of modern macroeconomics 17. production factors 18. poverty malnutrition and income inequality 19. trade regulations and industrial policies 20. monetary union 21. exchange rate systems and currency crises 22. economic development in historical perspective 23. exchange rate determination 24. monopoly competition 25. the balance of payments 26. inflation productivity 27. macroeconomic issues and analysis 28. employment migration and urbanization 29. macroeconomic policy tools 30. supply side policies 31. exchange rate adjustments and the balance of 32. miscellaneous 33. taxation 34. trade policies for the developing nations 35. markets efficiency and the public interest 36. the external debt and financial crises 37. budget deficits and the trade balance 38. alternative theories of the firm 39. public goods 40. the meaning and measurement of economic development 41. characteristics and institutions of developing countries 42. agriculture irrigation system of pakistan 43. education health and human capital 44. economic problems of developing countries 45. theories of economic development 46. basic of economics 47. consumer theory vs real consumers 48. applied microeconomics 49. long term economic growth 50. externality internality 51. fiscal and monetary policy 52. prices wages taxes 53. balance of payments aid and foreign investment 54. international factor movements and multinational corporations 55. entrepreneurship organization and innovation 56. the international economy and globalization 57. population and development 58. non tariff trade barriers 59. foundations of modern trade theory 60. global economic development 61. market 62. rural poverty and agricultural transformation 63. regional trading arrangements 64. foreign exchange 65. introduction to economics 66. world economy miscellaneous 67. sources of comparative advantage 68. natural resources and the environment toward sustainable development 69. monopoly 70. asymmetric information 71. income inequality 72. labour market 73. tariffs 74. development planning and policy making the state and the market 75. oligopoly 76. industrial development 77. costs supply and perfect competition 78. human capital 79. monetary fiscal and incomes policy and inflation 80. stocks

181. Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?
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A. Four Tigers

B. All of these

C. Little Tigers

D. Four Dragons

182. What term is given to unemployment caused by a downturn in the business cycle ?
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A. Temporary unemployment

B. Underemployment

C. Disguised unemployment

D. Cyclical unemployment

183. Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ?
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A. Capital growth fund

B. Growth fund

C. Common fund

D. Stock fund

184. Term the sole legal right to print or publish anything that belongs to the author ?
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A. Sole right

B. Copyright

C. rights

D. property right

185. Fiscal deficit in the budget means ?
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A. Revenue deficit plus the net borrowings of the government

B. Primary deficit minus capital deficit

C. Budgetary deficits plus the net borrowings of the government

D. Capital deficit plus revenue deficit

186. A piece of land and whatever physical property is on it is called?
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A. Unmovable property

B. Solid asset

C. Real estate

D. Property

187. Barter is the trade of goods or services with ?
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A. exchange of goods and services

B. None of them

C. exchange of services

D. free exchange of money

188. To determine the correct level of GNP, it is necessary to ?
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A. To add up the value of semi-finished goods

B. To add up the values of goods and services for one year

C. To count all imports

D. Add up all savings

189. What is referred by the discount rate________________?
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A. Advance deduction of the interest in purchasing, selling or lending a commercial paper

B. State (central) Banks interest rate on loans to its member banks

C. Both of them

D. None of them

190. What is more likely to be found in a free market economy than in a planned economy ?
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A. an even distribution of income

B. full employment of labor

C. an incentive to innovate

D. a wide range of public goods

191. GNP includes ?
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A. A loan from ones parents

B. A brokers commission

C. A loan from a bank

D. Gifts and donations

192. If GNP of Pakistan rises. it will encourage ?
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A. Exports

B. Both

C. Imports

D. None

193. Point out the term for producer goods such as machinery that is used in production of commodities ?
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A. Capital goods

B. Capital assets

C. Hard capital

D. Running capital

194. A central bank or monetary authority hold foreign currency for the purpose of exchange intervention and the settlement of intergovernmental claims. Term the currency ?
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A. Pegged currency

B. Hot currency

C. Hard currency

D. Reserve currency

195. What is the cost effective ?
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A. Substandard things

B. Cheap things

C. Free in terms of the goods or services received for the money spent

D. Economical in terms of the goods or services received for the money spent

196. Deregulation is the reduction of governments role in controlling markets. Which of the following is result(s) of deregulation ?
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A. Lead to freer market

B. Lead to a more efficient marketplace

C. Both of them

D. None of them

197. What is called the crop which is grown for sale rather than the farmers own use ?
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A. Cash crop

B. Business Crop

C. Money Crop

D. Earning Crop

198. An outside professional conducts an examination of companys accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?
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A. Audit

B. Checking

C. Stock-taking

D. Accounting

199. The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
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A. Adam Smith

B. Adam Ricardo

C. David Ricardo

D. David Smith

200. Term the rules and particles that govern the management of an organization ?
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A. Internal laws

B. Character

C. Memorandum of articles

D. By laws

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