economics MCQs – Page 13

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 Review each marked answer and report any item that may be outdated or unclear.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

241. What does mean by Franchise__________________?
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A. All of the above

B. Authorization granted to someone to sell or distribute a companys goods or service in certain area

C. A privilege or right officially granted by a person or group by a government

D. Territory or limits within which immunity, privilege or right may be exercised

242. An act of altering of a written or printed document with intentions of deceiving anyone is called________?
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A. Fraudulent

B. Forgery

C. Fraud

D. Cheating

243. Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
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A. Open market economy

B. Liberal market economy

C. Free market economy

D. Laissez faire also Laisser faire

244. What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?
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A. Managed economy

B. Prudent development

C. Sustainable development

D. None of these

245. What is called that executive who is brought in to turn a company around and make it profitable ?
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A. Super manager

B. Company doctor

C. Manager doctor

D. Savior

246. What is called the reduction in the rate of a currency
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A. Price cap

B. Devolution

C. Cut-rate

D. Devaluation

247. Which money is called Earnest Money ?
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A. Advanced payment to bind a contract or bargain

B. A token of something to come

C. A promise or assurance

D. All of these

248. The branch banking system is in vogue in most countries of the world. In which country was it first developed?
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A. UK

B. Canada

C. Australia

D. South Africa

249. A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?
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A. Pledge

B. Assurance

C. Guaranty

D. Collateral

250. Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?
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A. None of these

B. Wealth tax

C. Income tax

D. Withholding tax

251. What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?
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A. Solicitor

B. Agent

C. Receiver

D. Liquidator

252. Free port is ?
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A. Where no expert or import duties are levied

B. Where no import duties are levied

C. Where no export duties are levied

D. Where everything can be import or export

253. The system under which a countrys currency is exchangeable for a fixed weight of gold on demand at central bank is called ?
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A. God standard system

B. None of the above

C. Bullion standard system

D. Gold based system

254. What is called the manipulation of the market by traders to create the illusion of active volume to attract investors ?
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A. Daisy chain

B. Illusion

C. Manipulated market

D. False market

255. What is called degree of buyers responsiveness to price changes ?
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A. Demand pull supply

B. Demand & Supply

C. Production & Supply

D. Demand push Supply

256. A share or an interest in an enterprise, especially a financial share, is called ?
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A. Partnership

B. Stake

C. None of these

D. Share holding

257. What does mean by Deed________________?
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A. legal instrument used to grand a right

B. Something done

C. legal instrument

D. none of the above

258. What is referred by interest ?
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A. payment made for the use of banks money

B. Share in profit

C. Payment made for the use of another persons money

D. Devaluation in the currency

259. What is Dumping ?
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A. Scale of goods in large quantities and at low price

B. Scale of goods in large quantities with High price

C. Scale of goods in large quantities with low quality

D. sale of goods in large quantities with high quality

260. Market in which forces of demand and supply are not in the control of government is called ?
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A. Market Economy

B. Free Market

C. Both of them

D. None of them

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