economics MCQs – Page 14

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 Review each marked answer and report any item that may be outdated or unclear.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

261. Which of the following is referred by principle ?
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A. Total amount of money being borrowed or lent

B. Party affected by agent decision in a principal agent relationship

C. Both of them

D. None of them

262. What is Debt retirement______________?
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A. The complete repayment of debt

B. To write off debt

C. To repay debt in easy installments

D. To reschedule debt

263. What is mortgage______________?
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A. Conveyance of property as security for debt

B. Guarantee for debt

C. Assurance of debt repayment

D. Conveyance of company security for debt

264. To what does the phrase terms of trade refer ?
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A. the rate at which exports are exchanged for imports

B. The governments policies to increase exports

C. the difference between the value of visible exports and visible imports

D. the currency exchange rate

265. What could a government do to correct the current account deficit ?
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A. Reduce the repayment of loans

B. Reduce the deficit on the balance of trade

C. Reduce the volume of exports

D. Reduce the surplus on the capital account

266. Which term is used for the value imprinted on a security ?
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A. Par value

B. Gross value

C. Net value

D. Real value

267. A countrys fundamental system of transportation, communications, and other aspects of its physical capabilities are called ?
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A. Basic structure

B. Fundamentals

C. Infrastructure

D. Basic infrastructure

268. China is the chief exporter of_______________?
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A. Rice

B. Manganeses

C. Rubber

D. Gold

269. Which of the following payment instruments introduced by the banks is known as plastic money ?
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A. Bearer cheques

B. Demand Drafts

C. Credit Cards

D. Gift Cheques

270. Debenture holders of a company are its_______________?
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A. Creditors

B. Shareholders

C. Directors

D. Debtors

271. Term a tax or duty rebate on imported goods that are exported at a later date ?
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A. Drawback

B. Custom

C. Duty

D. Rebut

272. Which of the following terms refers to income that is saved and not invested ?
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A. Profit

B. Capital

C. Deposit

D. Hoarding

273. Monetary policy is regulated by ?
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A. Central Bank

B. Private entrepreneurs

C. Money lenders

D. Government policy

274. Which of the following is Price of the last transaction of a particular stock completed during a days trading session on an exchange ?
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A. Night Price

B. Final price

C. End price

D. Closing Price

275. LIFO (last in, first out) means ?
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A. to make queue

B. items are removed in inverse order

C. make space for new production

D. turn by turn

276. Which of the following is not an instrument of monetary policy ?
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A. Open-market operations

B. Credit rationing

C. Bank rate

D. Taxation

277. The term Dumping means ?
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A. Sale in a foreign market of a commodity just at marginal cost without too much of profit

B. Sale in a foreign market of a commodity at a price below marginal cost

C. Smuggling of goods without paying any customs duty

D. The sale of the sub-standard commodity

278. The branch of economics Microeconomics deals with______________?
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A. small units, including individual companies and small group of consumers

B. Economics of provinces

C. Economics of stock market

D. Economics of homes

279. During a given period how the economic activity of a nation is measured?
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A. Gross National product (GNP)

B. Gross National output (GNO)

C. Gross Domestic Product (GOP)

D. Gross National Output

280. Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?
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A. Open shop

B. Divided Labor

C. Closed shop

D. Division of Labor

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