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
7551. Who is called Father of Economics ?
comments icon0

A. David smith

B. Adam Ricardo

C. Adam smith

D. David Ricardo

7552. Malaysia is the chief exporter of ?
comments icon0
A. Rubber

B. Tin

C. Diamond

D. Jute

7553. Term the central market for buying and selling all kind of securities ?
comments icon0

A. A multinational company

B. Joint stock

C. A big company

D. Stock Exchange
7554. A detailed, itemized list, report or record or things in ones possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?
comments icon0

A. Total obligation of a firm

B. List of stock a company own

C. List of assets of a corporation

D. An evaluation or a survey, as of abilities or resources
7555. Government levy tax on imports and exports What this tax is called ?
comments icon0
A. Tariff

B. Custom

C. Freight

D. Exercise Duty

7556. In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?
comments icon0

A. Family growth

B. Spreadsheet

C. Butterfly

D. Splinter

7557. Common market is an agreement between two or more countries. What this agreement permits ?
comments icon0

A. Free movement of capital and labor

B. Free movement of goods and services

C. Both of them

D. None of them

7558. Term the authorization whether written or electronic, that shareholders votes may be cast by others ?
comments icon0

A. Casting vote

B. Absentia vote

C. Proxy vote

D. Remote vote

7559. what is called an evaluation of credit quality of a companys debt issued by Moodys S&P and Fitch investors services ?
comments icon0
A. Ratings

B. Credit worthiness

C. Credit Worth

D. Credit line

7560. An evaluation of an individuals or companys ability to obligations or its likelihood of not defaulting is known as ?
comments icon0

A. Credit rating

B. Credit credibility

C. Credit risk

D. Credibility

7561. There are certain products which are sold without brand name or trademark What these products are called ?
comments icon0
A. Generic

B. Forged goods

C. Contraband

D. Clean goods

7562. What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
comments icon0

A. Assembly line

B. Production line

C. Both of them

D. None of them

7563. Pakistans fiscal years starts from?
comments icon0

A. 1st April

B. 1st July

C. 1st September

D. 1st January

7564. What is Free port ?
comments icon0

A. Where no import duties are levied

B. Where everything can be import or export

C. Where no export or import duties are levied

D. Where no export duties are levied

7565. Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?
comments icon0

A. Purchasing power parity

B. Deflector

C. Deflation

D. Inflator

7566. Capital Flight from a country is called ?
comments icon0

A. removal of individual and corporate investment

B. All of these

C. removal of capital drain

D. removal of income

7567. When the State Bank wants to decrease money supply in the country, it _______________?
comments icon0

A. B and C of above

B. Lowers discount rate

C. Buys govt. securities in stock market

D. Sells govt. securities
7568. What is called the acquisition abroad of physical assets with operating control that resides in parent corporation ?
comments icon0
A. Foreign Direct Investment (FDI)

B. Foreign Investment

C. Fixed Direct Investment

D. Remote Foreign Investment

7569. What is a Debenture ?
comments icon0

A. Certificate for the investment in shares

B. Certificate for the preference share

C. None of these

D. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
7570. Term a large payment to a senior employee who is forced into retirement or fired as a result of takeover or similar development ?
comments icon0

A. Friendly handshake

B. Golden shake hand

C. Golden bonus

D. Golden handshake
7571. Debenture holders of a company are its_______________?
comments icon0

A. Directors

B. Creditors

C. Shareholders

D. Debtors

7572. Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
comments icon0

A. Prize

B. Overtime

C. Gift

D. Bonus
7573. Term a tax or duty rebate on imported goods that are exported at a later date ?
comments icon0

A. Rebut

B. Duty

C. Custom

D. Drawback
7574. Which of the following would cause income to become more unequal ?
comments icon0

A. Increased unemployment allowance

B. More progressive taxes

C. More regressive taxes

D. Increased employment

7575. What is referred by the discount rate________________?
comments icon0

A. Advance deduction of the interest in purchasing, selling or lending a commercial paper

B. State (central) Banks interest rate on loans to its member banks

C. Both of them

D. None of them

7576. A share or an interest in an enterprise, especially a financial share, is called ?
comments icon0
A. Stake

B. None of these

C. Partnership

D. Share holding

7577. Term the rules and particles that govern the management of an organization ?
comments icon0
A. By laws

B. Character

C. Memorandum of articles

D. Internal laws

7578. What is artificial currency ?
comments icon0

A. De-valued currency

B. A currency substitutes

C. Coins

D. Silver

7579. The system under which a countrys currency is exchangeable for a fixed weight of gold on demand at central bank is called ?
comments icon0
A. God standard system

B. Gold based system

C. None of the above

D. Bullion standard system

7580. What is called the amount of non-military foreign aid which a country received ?
comments icon0

A. Friendly aid

B. Grands

C. Official Development Assistance (ODA)

D. Foreign aid

7581. To what does the phrase terms of trade refer ?
comments icon0

A. the currency exchange rate

B. the rate at which exports are exchanged for imports

C. The governments policies to increase exports

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

7582. LIFO (last in, first out) means ?
comments icon0

A. to make queue

B. turn by turn

C. make space for new production

D. items are removed in inverse order
7583. Which economics term describes the takeover of one textile manufactures by another ?
comments icon0

A. vertical integration

B. Diversification

C. horizontal integration

D. monopoly

7584. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
comments icon0

A. Comparative Edge

B. Complete Advantage

C. Relative Advantage

D. Comparative Advantage
7585. Term the enterprise or organization which is managed by those who use its facilities or services ?
comments icon0

A. Limited company

B. Corporation

C. Cooperative

D. Society

7586. What is called a Tax on imports, exports ?
comments icon0

A. Excise

B. Drawback

C. Duty

D. Custom

7587. Which kind of Tax is Federal subject ?
comments icon0

A. Excise Tax

B. General Sales Tax

C. Zakat

D. Property Tax

7588. The term real wage means the money wage ?
comments icon0
A. allowing for change in prices.

B. plus, overtime payments.

C. after tax

D. Plus, benefits in kind

7589. The branch of economics Microeconomics deals with______________?
comments icon0
A. small units, including individual companies and small group of consumers

B. Economics of stock market

C. Economics of provinces

D. Economics of homes

7590. A payment is made in return for some transference of privilege. What this payment is called ?
comments icon0

A. Rent

B. Share

C. Intellectual royalty

D. Royalty
7591. Which of the following would increase national income ?
comments icon0

A. Increase in savings

B. Increase in taxation

C. Increase in govt. spending

D. Decrease in consumption spending

7592. Name the company in which the liability of the shareholders is limited to the amount of their shares ?
comments icon0
A. Limited company

B. Cooperative

C. Corporation

D. Incorporation

7593. Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called ?
comments icon0

A. Top brass

B. Board of Governor

C. Board of Directors

D. Management

7594. How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?
comments icon0

A. Total loss

B. Bankruptcy

C. Crash

D. Default

7595. What is called degree of buyers responsiveness to price changes ?
comments icon0

A. Production & Supply

B. Demand & Supply

C. Demand push Supply

D. Demand pull supply

7596. Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?
comments icon0

A. Wall Street

B. National Association of Securities Dealers Automatic Quotation system (Nasdaq)

C. New York Stock Exchange

D. Nikkei Stock Average

7597. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
comments icon0
A. Supply and Demand theory

B. Fundamental theory

C. Ricardos theory

D. Cost push theory

7598. Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
comments icon0

A. Free market economy

B. Liberal market economy

C. Open market economy

D. Laissez faire also Laisser faire
7599. Mention the theory of inflation or price increase that results from so-called excess demand ?
comments icon0

A. Demand curve theory

B. Demand push inflation

C. Demand-pull inflation

D. Cost-push inflation

7600. Barter is the trade of goods or services with ?
comments icon0

A. exchange of services

B. free exchange of money

C. exchange of goods and services

D. None of them