economics MCQs – Page 11

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 Review each marked answer and report any item that may be outdated or unclear.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

201. Of which minerals chief exporter is Mexico ?
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A. Aluminum

B. Tin

C. Gold

D. Silver

202. What meant by excise ?
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A. A tax levied on certain articles produced and consumed in a country

B. A licensing charge or a fee levied for certain privileges

C. Both of these

D. None of the above

203. Name the company in which the liability of the shareholders is limited to the amount of their shares ?
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A. Corporation

B. Incorporation

C. Limited company

D. Cooperative

204. What is called the rules of laws which governs the internal affairs of an organization ?
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A. Internal Laws

B. Corporate Laws

C. Secondary Laws

D. By laws

205. Downsizing is______________?
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A. to make in a half size

B. to make in a smaller size

C. to make in a actual size

D. None of the above

206. Which minerals chief exporter is Russia?
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A. Rubber

B. Silver

C. Manganese

D. Gold

207. Central banks rate of lending to commercial banks is called ?
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A. Discount rate

B. Money rate

C. Interest rate

D. Control rate

208. What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
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A. Assembly line

B. Production line

C. Both of them

D. None of them

209. An essential attribute of inflation is ?
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A. Increase in prices

B. None of these

C. Fall in production

D. Stagflation

210. Which of the following is referred by the phrase trade balance ?
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A. Difference between imports and exports

B. All of them

C. Income from imports

D. Income from export

211. An organization plans the use of its fund during a 12-month period. What is this period called ?
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A. Fiscal year (FY)

B. Year unit

C. Calendar year

D. Fiscal period

212. Which of the following would increase national income ?
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A. Increase in taxation

B. Increase in savings

C. Decrease in consumption spending

D. Increase in govt. spending

213. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
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A. Comparative Advantage

B. Comparative Edge

C. Complete Advantage

D. Relative Advantage

214. The term Mark-up refers to________________?
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A. Rise in the price of an item for sale

B. An amount added to cost price in calculating selling price

C. Both of them

D. All of them

215. There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?
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A. Back market

B. Open market

C. Grey market

D. Over-the counter (OTC)

216. USA is the chief exporter of_________________?
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A. Iron Ore

B. Wheat

C. Both of these

D. None of these

217. Open market Operation is ?
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A. Buying and selling foreign exchanges

B. Buying and Selling govt. securities

C. Buying and selling shares of companies

D. Buying and selling bills of exchange

218. What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?
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A. Demand pulls

B. Cost pull

C. Demand supply

D. Demand push

219. Downsizing is ?
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A. None of these

B. To make in half size

C. to make in actual size

D. to make in a smaller size

220. The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
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A. Hire and Fire

B. Freight

C. Transportation Changes

D. Rent

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