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
7351. Percentage of total industry sales that a particular company controls is called ?
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A. Market share

B. Net share

C. Holding share

D. Lions share

7352. Economic development ?
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A. All of the above

B. Exists when there is equal distribution of income

C. Is the same as economic growth

D. Means improvement in lifestyle
7353. Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ?
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A. Financial assistance given to aged people

B. Financial assistance given to small companies

C. Financial assistance given by one person or government to another

D. Financial assistance given to poor people

7354. A long-term asset, such as land or building is termed as ?
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A. solid asset

B. solid capital

C. Future asset

D. capital asset
7355. Which of the following can be used for check inflation temporarily ?
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A. increase in wages

B. None of these

C. Decrease in money supply

D. Decrease in tax
7356. What is called the rules of laws which governs the internal affairs of an organization ?
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A. Internal Laws

B. Secondary Laws

C. Corporate Laws

D. By laws
7357. Government borrows in the form of promissory note to repay the bearer after some fixed days from the date of issue. How is called such borrowing ?
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A. Term bound

B. Securities

C. Treasury bill

D. Bond

7358. Net investment is___________________?
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A. Gross investment minus capital consumption allowance

B. Gross investment minus govt. Investment

C. Gross investment minus household investment

D. None of the above

7359. Pick out the generic term for the securities industry firms that buy sell and underwrite securities ?
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A. Wall street

B. Yahoo index

C. Nikkei index

D. NASDAQ

7360. What is called the situation in which a debtor remains unable to pay his creditors in full ?
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A. Bankruptcy

B. Crash

C. Default

D. Total loss

7361. A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?
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A. Collateral

B. Pledge

C. Assurance

D. Guaranty

7362. The intermediary agent in the purchase and sale of any good is known as ?
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A. Commission agent

B. Broker

C. Dealer

D. Agent

7363. Monoculture is ?
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A. Homogeneous Nations

B. Homogeneous business

C. Homogeneous market

D. Farming practice of growing a single crop
7364. 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 everything can be import or export

D. Where no export duties are levied

7365. Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?
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A. Penalty

B. Demurrage

C. Fine

D. Charges

7366. Interest that is calculated as a simple percentage of the original principal amount is called ?
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A. Market interest

B. Easy interest

C. Simple interest

D. Compound interest

7367. Transfer payments means ?
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A. Bank loans

B. Payments made to all factors of production

C. The payment without work

D. Tax payments

7368. Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?
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A. Active government intervention is necessary to ensure economic growth and stability

B. Government intervention is not necessary to ensure economic growth and stability

C. Regulation is necessary for economic growth and stability

D. A free market is necessary for economic growth and stability

7369. Large payment to senior employee who is forced into retirement is called ?
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A. Golden shake hand

B. Golden bonus

C. Golden handshake

D. Friendly handshake

7370. Mention the market for trading long-term debt instruments ?
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A. Stock market

B. Open market

C. Capital market

D. International market

7371. Commercial policy means_______________?
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A. Policy about imports and exports

B. Policy about money supply

C. Policy about markets

D. Policy of controlling of prices of goods

7372. What is called interest that is paid previously earned interest as well as on the principal ?
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A. Gross interest

B. Simple interest

C. Total interest

D. Compound interest

7373. What is called amount of money to purchase the goods and services to maintain life ?
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A. None of these

B. Cost living

C. Cost of life

D. Basic requirement
7374. Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
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A. Idealism

B. Speculation

C. Risk covering

D. Blind game

7375. A budgetary deficit means ?
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A. Current expenditure is more than current revenue

B. Total expenditure is more than current revenue

C. Total expenditure is more than total revenue

D. Capital expenditure is more than capital revenue

7376. South Africa is the chief exporter of ?
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A. Gold

B. Coffee

C. Copper

D. Diamond

7377. What is Euro ?
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A. Deposit outside ones home country but in the home country currency

B. European currency unit, introduced on January 1, 1999

C. Both of them

D. None of them

7378. Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?
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A. Certificates

B. Sureties

C. Bond

D. Security bonds

7379. Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?
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A. Liberalism

B. Free market economy

C. Capitalism

D. Socialism

7380. Central bank of Pakistan is ________________?
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A. State Bank

B. National Bank

C. Both of them

D. None of them

7381. How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?
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A. All of these

B. Four Dragons

C. Four Tigers

D. Little Tigers

7382. Term the minimum income level below which a person is considered to be living in poverty ?
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A. Poverty level

B. Poverty line

C. Both of them

D. None of them

7383. Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?
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A. Cost of living

B. Cost of life

C. None of the above

D. Basic requirement

7384. Who is a Lame Duck in a stock market ?
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A. A new investor

B. A member of the stock exchange who cannot meet his obligations

C. A old investor

D. None of the above

7385. Of which items chief exporter is Indonesia ?
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A. Wheat

B. Gold

C. Sugar

D. Silver

7386. When aggregate supply exceeds aggregate demand ?
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A. Unemployment exists

B. Price of consumer goods rise

C. Business inventory accumulate

D. People save more than they intended to save

7387. If saving exceeds investment the national income will ?
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A. Fluctuate

B. Remain constant

C. Rise

D. Fall

7388. The cause of inflation is ?
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A. Increase in money supply

B. Fall in production

C. Decrease in money supply and fall in production

D. Increase in money supply and fall in production
7389. Depression is a drastic decline in a national of international economy Its characteristic is ?
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A. All of these

B. Decreasing business activity

C. Falling prices

D. Unemployment

7390. Which function is performed by both commercial banks and central banks ?
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A. Acting as bankers to the government

B. Dealing in foreign exchange

C. Fixing the main interest rate

D. Advising the government on monetary policy

7391. The bank established for loans to very small enterprises in Pakistan is called_______________?
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A. First MINI Bank

B. Micro Finance Bank

C. SME- Bank

D. Moderba Bank

7392. Development means economics growth plus ?
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A. Deflation

B. Inflation

C. Social change

D. Price stability

7393. Which money is called Hot money ?
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A. That moves across country borders in response to interest rate differences

B. That moves away when the interest rate differential

C. Both of them

D. None of them

7394. What is called the stock that sells at a high price ?
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A. Blue Chipper

B. Blue chip

C. All of these

D. An extremely valuable asset or property

7395. An organization plans the use of its fund during a 12-month period. What is this period called ?
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A. Fiscal period

B. Fiscal year (FY)

C. Calendar year

D. Year unit

7396. What is called the market in which forces of demand and supply are not in the control of government ?
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A. Market Economy

B. Free Market

C. Both of them

D. None of them

7397. What is called that debt obligation backed strictly by the borrowers integrity ?
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A. Credit rating

B. Securities

C. Debenture

D. None of them

7398. Which of the following must always balance ?
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A. The balance of visible trade

B. The balance of invisible trade

C. The balance on the current account

D. The balance of payments
7399. Total number of adults currently employed or actively seeking work in all economic sectors is known as ?
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A. All of them

B. Work force

C. Labor potential

D. Labor force
7400. Which of the following is not a function of a commercial bank?
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A. Undertaking agency functions

B. Banker to the government

C. Accepting public deposits

D. Granting loan and advances