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
7501. Mention the penalty by which a person loses title of his property, that is a result of some illegal act ?
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A. Debenture

B. Forfeiture

C. Bankruptcy

D. Confiscation

7502. What is referred by the by economic theory Liberalism ?
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A. Laissez faire

B. Gold standard

C. The free market

D. All of these
7503. What is the period called 12-months plan of a country to use its funds ?
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A. Fiscal year (FY)

B. Year unit

C. Fiscal period

D. Calendar year

7504. A market in which prices are in an upward trend is known as ?
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A. Beamish market

B. Bull market

C. Hot market

D. Upward market

7505. Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?
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A. Equal to one

B. Less than one

C. Zero

D. Greater than one

7506. Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?
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A. Dow Jones Index

B. NASDAQ

C. Major Index

D. Nikki Index

7507. What is National debt or public debt ?
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A. States borrowing from its population

B. All of these

C. States borrowing from foreign government

D. states borrowing from international institution

7508. What is the rate of exchange or exchange rate ?
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A. None of them

B. Foreign currency holding

C. Ratio at which unit of one countrys currency is exchanged for unit of another country currency

D. Power to buy foreign currency

7509. Which country is the chief exporter of jute ?
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A. Bangladesh

B. India

C. Both of them

D. None of them

7510. Governmental non-interference in commerce is called ?
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A. Open market economy

B. Free market economy

C. Liberal market economy

D. Laissez faire also Laisser faire
7511. A government program, social security is ?
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A. Economics assistance provided by social security

B. Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees

C. Both a & b

D. Nor a nor b

7512. What is price support ?
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A. To increase price artificially

B. Maintenance of price through public subsidy or government intervention

C. To maintain price at specific level

D. To enhance price

7513. What is inflation ?
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A. Increase in the amount of circulating money

B. Decrease in the amount of circulation money

C. None of these

D. Lowering of purchasing power

7514. What is referred by the Working capital ?
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A. Assets of business that can be applied to its operation

B. Amount of current assets that exceeds current liabilities

C. Both of them

D. None of them

7515. Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?
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A. Super inflation

B. A cute inflation

C. Hyperinflation

D. Ultra-inflation

7516. Two countries can gain from foreign trade if ?
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A. Cost ratios are different

B. Price ratios are different

C. Tariff rates are different

D. A and C of above
7517. Quoted bid or highest price on inventor in willing to pay to buy a security is called ?
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A. Quote price

B. Market price

C. Bid price

D. Offer price

7518. Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ?
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A. Gold currency

B. Silver currency

C. Soft currency

D. Hard currency

7519. The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?
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A. To convert assets into cash

B. Abolish

C. Both of them

D. All of them

7520. P2P is business slang. What does it refer ?
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A. To startups or internet startup

B. Path to profitability

C. Both of them

D. None of them

7521. What is Black Money ?
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A. None of these

B. Illegally earned money

C. Income on which payment of tax is usually evaded

D. Money earned through underhand deals

7522. Gross National income is always more than Net National income because it includes ?
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A. Capital consumption allowance

B. Foreign income

C. Indirect taxes

D. Direct taxes

7523. Developments in a national economy can affect the outcome of an international financial transaction. What this process is called ?
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A. Ultra-country economic risk

B. Outcome risk

C. Country economic risk

D. International economic risk

7524. What can a central bank increase in order to reduce consumer borrowing ?
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A. interest rates

B. None of these

C. government bank deposits

D. commercial bank deposits

E. government spending

7525. Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?
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A. Free trade

B. Open trade

C. Easy trade

D. Open sky trade

7526. Which of the following terms refers to income that is saved and not invested ?
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A. Deposit

B. Capital

C. Hoarding

D. Profit

7527. A tax on imports exports, or consumption goods is called ?
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A. Duty

B. Drawback

C. Excise

D. Custom

7528. What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?
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A. Localization

B. Protectionism

C. National interest

D. Domestication

7529. What is referred by cost push inflation ?
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A. increased production costs drive prices down

B. Decreased production costs drive prices up

C. increased production costs drive prices up

D. Decreased production costs drive prices down

7530. Interest payments and any principal repayments which are due on a countrys external debt are known as ?
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A. Service Charges

B. Debt Payment

C. Debt Charges

D. Debt service
7531. Government policy about exports and imports is called ?
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A. Fiscal policy

B. Monetary policy

C. Commercial policy

D. Finance policy

7532. What does price elasticity of demand measure ?
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A. Changes in price caused by changes in demand

B. The rate of change of sales

C. The responsiveness of demand to price changes

D. The value of sales at a given price

7533. The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?
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A. Artificial value

B. Open value

C. Real value

D. Book value
7534. An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
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A. Free adjustment

B. Cost of living adjustment

C. Comparative adjustment

D. Cost effective adjustment

7535. Which theory of economic management focuses on encouraging product through tax reduction ?
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A. Supply-side economics

B. Supervised market

C. Liberalism

D. Free market economics

7536. Which form of business organization falls between a corporation and partnership ?
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A. Joint stock company

B. Limited joint company

C. joint company

D. Limited Company

7537. Balance of payments of a country includes ?
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A. Balance of trade

B. A and B of above

C. Capital receipts and payments

D. Savings and investment account

7538. What meant by excise ?
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A. A tax levied on certain articles produced and consumed in a country

B. A licensing charge or a fee levied for certain privileges

C. Both of these

D. None of the above

7539. Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?
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A. Capital drain

B. Free flow

C. Money flight

D. Capital flight
7540. Which of the following is a price that is equal to the face value of a security ?
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A. None of them

B. Balanced

C. At Par

D. At Equilibrium

7541. The Liquidity Trap condition occurs at a_______________?
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A. Very low rate of interest

B. Low rate of interest

C. High rate of interest

D. Very high rate of interest

7542. Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity ?
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A. The market value of securities less any debt incurred and common stock and preferred stock

B. Funds provided to a business by the sale of stock

C. Both of them

D. None of them

7543. Deregulation is the reduction of governments role in ?
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A. Controlling Banks

B. None of them

C. Controlling cooperation

D. Controlling markets
7544. What is underwriter ?
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A. All of them

B. To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price

C. To sign so as to assume liability in case of specified losses

D. To assume financial responsibility for grantee against failure

7545. Which of the following is referred by the Debt retirement ?
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A. To write-off debt

B. To repay debt in easy installments

C. The complete repayment of debt

D. To reschedule debt

7546. What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
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A. Chartered corporation

B. Going legal

C. Incorporation

D. Book corporation

7547. We measure national income by this method ?
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A. Product method

B. Income method

C. Expenditure method

D. All of the above
7548. Which of the following is a withdraw from the circular flow income stream ?
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A. Taxation

B. Subsidies

C. Investment

D. Consumption

7549. What is called the overall study of aspects and working of a national economy ?
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A. Gross economics

B. Macroeconomics

C. Mega economics

D. Micro economics

7550. A tax which is paid by the person on whom the tax is incident is called a ?
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A. Rate

B. Direct tax

C. Indirect tax

D. Local tax