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
7401. Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
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A. Protectionist policy

B. Beggar-thy-beighbour

C. Domestic policy

D. Nationalist policy

7402. Devaluation of currency helps to promote ?
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A. Saving

B. Exports

C. Imports at lower cost

D. National income

7403. Who is insolvent_______________?
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A. A firm that is for sale

B. A firm that has more liabilities than assets

C. A firm that is liquidated

D. A firm that is unable to pay debts
7404. How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?
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A. Stock holding company

B. Liquid fund

C. combine fund

D. Mutual fund
7405. Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?
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A. Grey market

B. White market

C. Open market

D. Red market

7406. Government of Pakistan issues currency on the basis of__________________?
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A. Availability of dollars in the country

B. Demand for money in the country

C. Tax collection

D. Availability of gold in the country

7407. In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?
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A. Rural system

B. Land based system

C. Feudal system

D. Military system

7408. 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 Ricardo

B. David Ricardo

C. David Smith

D. Adam Smith

7409. The situation with increasing unemployment and inflation is terms as ?
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A. Reflection

B. Stagflation

C. Hyperinflation

D. Galloping

7410. Which of the following is not an indirect tax ?
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A. Custom duty

B. Income tax

C. Tariff

D. Sales tax
7411. Economic development is measured on the basis of ?
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A. Increase in nominal GNP

B. Increase in government revenue

C. Increase in personal income

D. Increase in real GNP
7412. Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?
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A. Nikki Index

B. NASDAQ

C. Major Index

D. Dow Jones Index
7413. Name the organization that is managed by those who use its facilities ?
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A. Corporation

B. Society

C. Cooperative

D. Limited Company

7414. Where Nikkei Stock average applies ?
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A. Mainly to Japanese equities

B. Mainly to Korean equities

C. Mainly to international equities

D. Mainly to US equities

7415. 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. South Africa

B. Australia

C. UK

D. Canada

7416. What is called a countrys total financial obligations to the rest of the world ?
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A. National liabilities

B. Total debt

C. External debt

D. Debt burden

7417. Bank loans are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments. What these loans are called____________?
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A. Rearranged loans

B. None of these

C. Altered loans

D. Rescheduled loans
7418. GNP is_______________?
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A. Total monetary transactions in an economy

B. Total sales in the economy

C. The market value of all goods and services produced in an economy

D. Total spending in an economy

7419. What is called an additional levy added to some charge ?
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A. Fine

B. Extra charges

C. Surcharge

D. Additional Charged

7420. Velocity of circulation of money means ?
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A. The number of times a unit of money changes hands annually

B. The number of times as unit of money changes hands monthly

C. The number of times a unit of money changes value

D. The number of times a unit of money changes hands daily

7421. Which of the following is regarded as a factor of production ?
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A. None of these

B. Profit

C. Interest

D. Capital
7422. Which branch of accounting provides information to help the management of a firm evaluate production costs and efficiency ?
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A. Cost Accounting

B. Outcome risk

C. Efficient Account

D. Ultra-country economic risk

7423. Reduction in the circulation of money resulting from fall of prices is known as ?
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A. cost

B. inflation

C. cost effective

D. deflation
7424. Consumption spending does not include ?
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A. Households payment of rent for an apartment

B. Households purchases of food

C. Households purchase of a car

D. Households purchase of stock in any XYZ corporation
7425. Theory of comparative advantages was presented by ?
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A. Barron

B. Hicks

C. Adam Smith

D. Ricardo
7426. An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ?
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A. Common Monetary System (CMS)

B. European Currency System (ECS)

C. European Monetary Fund (EMF)

D. European Monetary Mechanism (EMM)

7427. What is called that market in which supply overwhelms demand ?
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A. Deflated market

B. Weak market

C. Bearish market

D. Depressed market
7428. Term the average income of the people of a country during a year ?
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A. National income

B. Per capita Income

C. Domestic income

D. Protection Income

7429. Which of the following is known as foreign exchange ?
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A. Transaction of International monetary business

B. Negotiable bills drawn in one country to be paid in another country

C. Both of them

D. None of them

7430. Which company holds the world record for having the maximum number of shareholders ?
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A. State Bank

B. General Motors

C. Reliance Industries Ltd.

D. British Gas

7431. Rules and Particles that govern the management of an organization are called ?
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A. Character

B. By laws

C. Internal laws

D. Memorandum of articles

7432. What occurs when a firms business is terminated Assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders ?
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A. Bankruptcy

B. Crash

C. Liquidation

D. Solvency

7433. When a commercial bank creates credit its immediate effect is that it raises__________________?
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A. The interest rates

B. The exchange rates

C. The money supplies

D. The real national income

7434. Term the shared of profits of a joint stock company ?
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A. Profit-share

B. Dividend

C. Share

D. Margin

7435. What is called when a private company first offers shares to the public market and investors ?
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A. Coming public

B. going public

C. Public floating

D. Public offering

7436. Which of the following is an example of government policy that could reduce inflation ?
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A. increasing import duties

B. increasing bank lending

C. None of these

D. reducing government expenditure
7437. What term is given to unemployment caused by a downturn in the business cycle ?
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A. Cyclical unemployment

B. Disguised unemployment

C. Temporary unemployment

D. Underemployment

7438. National Income is essentially composed of ?
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A. Income derived from taxes by the central government

B. All income of the people on a year

C. All wealth of a nation

D. Annual Income of the central government

7439. Which of the following is a form of international reserve assets, created by IMF in 1967 whose value is based on a portfolio of widely used currencies ?
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A. IMF Drawing Rights (SDR)

B. Sure, Drawing Rights (SDR)

C. International Drawing Right (IDR)

D. Special Drawing Right (SDR)
7440. If GNP of Pakistan rises. it will encourage ?
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A. None

B. Imports

C. Exports

D. Both
7441. Devaluation means ?
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A. Converting rupee into gold

B. Lowering of the value of one currency in comparison of some foreign currency

C. Making rupee dearer in comparison to some foreign currency

D. None of these

7442. Which of the following must always balance ?
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A. Balance of invisible trade

B. Balance on the current account

C. Balance of visible trade

D. Balance of payments

7443. When the stock market is rising it is ?
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A. Hottest

B. Bullish

C. Bearish

D. Rising up

7444. India is the chief exporter of ?
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A. Mica

B. Gold

C. Silver

D. Rubber

7445. With whom would you associate the following quote The business of business is business ?
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A. Alfred Marshal

B. Karl Marx

C. Adam smith

D. Milton Friedman
7446. How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
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A. Human Development Index (HDI)

B. Comparative Price Index (CPI)

C. Complete Price Index (CPI)

D. Consumer Price Index (CPI)

7447. Estimated income and plane for expenditure is called Budget. What is Budget deficit ?
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A. Less Public spending than amount of revenue corporation

B. None of them

C. More public spending than amount of revenue

D. Balance between public spending and amount of revenue

7448. What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?
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A. Goodwill

B. Bonus

C. Up level

D. Upgradation

7449. What does mean by Emerging Markets ?
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A. Financial markets of Asian economies

B. Financial markets of East Europes economies

C. Financial markets of developing economies

D. Financial markets of Latin America

7450. Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ?
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A. Rolling debt

B. Default

C. Rescheduling

D. Bad debt