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
7451. Term a countrys decision to tie the value of its currency to another countrys currency gold or a basket of currencies ?
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A. Relative exchange rate

B. Pagged exchanged rate

C. Knotted exchange rate

D. Fixed exchange rate
7452. Which term is used for a countrys holdings of intentionally acceptable means of payment ?
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A. Holdings

B. Foreign currency

C. Treasure

D. Reserves
7453. USA is the chief exporter of ?
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A. Coal

B. All of these

C. Copper

D. Cotton

7454. Which of the following is a valid currency______________?
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A. Promissory note

B. Currency note

C. Exchange rate

D. Bank cheque

7455. What is called the crop which is grown for sale rather than the farmers own use ?
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A. Money Crop

B. Business Crop

C. Cash crop

D. Earning Crop

7456. What is referred by the hard currency ?
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A. Any currency backed by gold or silver bullion rather than credit

B. Stable currency value of which does not fluctuate greatly

C. Both of them

D. None of them

7457. What is the meaning of the term stagflation ?
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A. None of these

B. Fall in employment due to declining production

C. Fall in prices due to less circulation of currency

D. High inflation rate combined with high unemployment and unchanged consume demand
7458. What is public sector ?
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A. All of them

B. Central and local government

C. Nationalized Industries

D. Public corporations

7459. Balance of sheet is understood as ?
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A. Accurate economic position

B. Performance of a company

C. Statements of accounts that shows debit and credit accounts under the broad heads

D. Profit in a year

7460. A tariff______________?
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A. A and C of above

B. Reduces the volume of trade

C. Increase the volume of trade

D. Has no effect on volume of trade?

7461. Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?
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A. Devolution

B. Devaluation

C. Price cap

D. Cut-rate

7462. Bearer cheque is ?
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A. payable through account only

B. payable to person holding it

C. payable after specific period

D. Payable to anyone

7463. The most industrialized country in Asia is ?
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A. Taiwan

B. South Korea

C. Malaysia

D. Japan
7464. According to the law of demand. When ?
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A. Price increase demand decreases

B. Price decreases demand decreases

C. Price increased demand increases

D. None of these

7465. Which exchange rate system is characterized by the absence of government intervention ?
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A. Free float

B. Clean float

C. Both of them

D. None of them

7466. Oil is measured in barrels. What is the abbreviation for barrels________________?
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A. Bel

B. Brl

C. Bbl

D. Obl

7467. The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
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A. Property right

B. Right

C. Copyright

D. Sole right

7468. What is deflation________________?
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A. Increase in public expenditure

B. Reverse of inflation

C. Deficit Budget

D. Reduction in taxation

7469. A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?
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A. Bond deposit

B. time deposit

C. Fixed investment

D. term deposit
7470. A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?
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A. Multinational corporation

B. Multinational company

C. Both of them

D. None of them

7471. What would cause a countrys exchange rate to fall ?
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A. An increases demand for its exports

B. None of the above

C. Increased demand for its imports

D. An increased inflow of capital

7472. What is comprised by public sector ?
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A. All of them

B. Public corporations

C. Nationalized industries

D. Central and local government.

7473. Inflation is ?
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A. Lowering of purchasing power

B. None of the above

C. Decrease in the amount of circulation money

D. Increase in the amount of circulating money
7474. Trade name is ?
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A. By which commodity service or process is known to trade

B. All of them

C. Used to identify a commercial product or service

D. Under which a business firm operates

7475. What is called that company which make loans to individuals, while not receiving deposits like a bank ?
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A. Finance corporation

B. Limited company

C. Cooperative company

D. Finance company

7476. Name the Company that is listed with the SEC after submission of a required statement and compliance with disclosure requirement ?
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A. Registered company

B. Limited company

C. Public company

D. Public limited company

7477. Which term is used for the total net value of all goods and services produced in a country in specified period of time ?
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A. Gross income

B. Public income

C. Local income

D. National income
7478. Which of the following groups suffer the most from inflation ?
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A. Debtors

B. Creditors

C. Business class

D. None of these

7479. What is called the difference in the value of a nations imports over exports or exports over imports ?
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A. Trade deficit

B. Trade simples

C. Both a & b

D. Not a nor b

7480. By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?
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A. Foreclosure

B. Bankrupt

C. None of these

D. Default

7481. Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?
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A. Green market

B. Oligopsony

C. Oligopoly

D. Grey market

7482. The period of high inflation and low economic growth is termed as ?
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A. Take-off stage in economy

B. Stagflation

C. Stagnation

D. None of these

7483. What is referred by the term Portfolio ?
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A. Total unmovable assets of a company

B. A collection of investments, real or financial

C. Total profit of company in a year

D. Net assets of a company

7484. How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?
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A. Open door market

B. Open door country

C. Open sky market

D. Free economy

7485. Which type of income is earned only the actor of production enterprise ?
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A. Profit

B. wages

C. interest

D. rent

7486. What is called an internet strategy of dealing directly with business rather than consumer ?
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A. Trickle down

B. Indirect contact

C. Step by step

D. B2B
7487. The balance of payment is ?
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A. Balance between a nations expenditure on imports and its receipts from exports

B. Total sum a state owned

C. Total liabilities of a nation

D. Shortfall in budget

7488. Portion of a companys profit paid to common and preferred shareholders is called ?
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A. Profit share

B. Gross Profit

C. Right share

D. Dividend
7489. Term the written order which directs that a specified sum of money be paid to a specified person ?
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A. Bearer Cheque

B. Bill of Exchange BE

C. None of them

D. Bill of Lading

7490. How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?
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A. Promissory Note (PN)

B. Note of hand

C. Both of them

D. None of them

7491. What is Dumping ?
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A. Sale of goods in large quantities and at a low price

B. Sale of goods in large quantities with low quality

C. Sale of goods in large quantities with high quality

D. Sale of goods in large quantities with high price

7492. What is called a check that is returned by a bank because it is not payable, usually because of insufficient funds ?
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A. Return

B. Grossed

C. Refused

D. Bounce
7493. Which of the following is rate of interest the major international banks charge each other for borrowings ?
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A. London Interbank Offered Rate (LIBOR)

B. international Interbank Offered Rates (IOBOR)

C. New York Interbank Offered Rates (NIBOR)

D. USA Interbank Offered Rate (UIBOR)

7494. What would reduce the role of central planning in a economy ?
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A. Increasing government spending

B. Increasing the role of markets

C. Removing the profit motive

D. Increasing public ownership of firms

7495. The power of a bank to create credit is affected by ?
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A. The cash reserve requirement

B. A and B of above

C. The number of branches of a bank

D. The amount of cash available

7496. When the stock market is down falling it is called ?
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A. Crashing

B. Bullish

C. Bearish

D. Falling

7497. From each according to his ability to each according to his need is the theoretical slogan of ?
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A. Feudal System

B. Fascist System

C. Capitalist System

D. Communist System
7498. The economics system planned economy is ?
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A. In which production and distribution of wealth is under governments control

B. In which technocrats control production

C. In which economists control production

D. In which government controls distribution

7499. Currency that is expected to drop in value relative to other currencies is called ?
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A. Local currency

B. Lime currency

C. Cold currency

D. Soft currency
7500. What is called the tax that is levied on retail price of merchandise collected by retailer ?
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A. Gross Tax

B. Local Tax

C. Sales Tax

D. General Tax