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
7601. Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?
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A. A precise list or enumeration of financial transactions

B. Money deposited for checking savings or breakage use

C. A customer having business or credit relationship with a firm

D. All of these
7602. Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
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A. Encroachment

B. Monopoly

C. Unipolarity

D. Monotony

7603. China is the chief exporter of_______________?
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A. Rice

B. Rubber

C. Gold

D. Manganeses

7604. Which of the following is not an instrument of monetary policy ?
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A. Open-market operations

B. Bank rate

C. Taxation

D. Credit rationing

7605. What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?
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A. Economic Cycle

B. Business Cycle

C. Cycle Business

D. Complete Cycle

7606. Of which minerals chief exporter is Mexico ?
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A. Tin

B. Gold

C. Silver

D. Aluminum

7607. The French term Bourse refers to_________________?
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A. A big company

B. Stock market

C. A multinational company

D. Joint-stock

7608. There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called?
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A. Bilateral arrangement

B. common interest

C. Mutual arrangement

D. Quid Pro quo
7609. What are called goods that satisfy human wants through their direct use ?
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A. cash goods

B. cash items

C. consumer goods

D. consumer items

7610. What is called the price that a potential buyer is willing to pay for a security ?
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A. Bid

B. None of these

C. Quote price

D. Offer price

7611. What is called the difference in the money value between exports and imports during the specific period of time ?
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A. Balance of payment

B. Balance of trade

C. Terms of trade

D. Balance sheet

7612. Which of the following is Price of the last transaction of a particular stock completed during a days trading session on an exchange ?
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A. Night Price

B. Closing Price

C. Final price

D. End price

7613. A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?
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A. Demand draft

B. Bill of Intent

C. Invoice

D. Draft

7614. What is more likely to be found in a free market economy than in a planned economy ?
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A. full employment of labor

B. an incentive to innovate

C. a wide range of public goods

D. an even distribution of income

7615. The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates ?
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A. Atlas method of exchange rate

B. Open market exchange rate

C. Free market exchange rate

D. Breton Wood method

7616. A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ?
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A. Fixed property

B. Unmovable asset

C. Fixed asset

D. Production line

7617. Which of the following is indicated by the term unemployed ?
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A. Inadequately employed

B. Employed only part time when one needs full time employment

C. Note fully used or employed

D. All of them
7618. What is Debt Service ?
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A. Interest payments on external debts

B. repayments of external debt

C. none of these

D. Both of them
7619. Which of the following is referred by principle ?
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A. Total amount of money being borrowed or lent

B. Party affected by agent decision in a principal agent relationship

C. Both of them

D. None of them

7620. By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process ?
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A. Registering

B. Going public

C. Public offering

D. Debuting

7621. Possibility of negative events or changes in the business climate of country is called?
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A. National risk

B. Country risk

C. Domestic risk

D. Political risk
7622. Hard currency is defined as ?
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A. Currency Which is used in times of war

B. Currency traded in foreign exchange market for which demand is persistently relative to the supply

C. None of these

D. Currency which loses its value very fast

7623. Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ?
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A. Papers of Landing

B. Letter of Credit

C. Letter of intent

D. Letter of Expression

7624. When banks prepare their balance sheets. They show the money lent in ?
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A. Liability

B. Assets

C. Both assets and liabilities

D. None

7625. The sum of total income received for the services of labor, land or capital in a country is called?
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A. National income

B. Gross domestic income

C. Gross national income

D. Gross domestic product

7626. What could a government do to correct the current account deficit ?
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A. Reduce the volume of exports

B. Reduce the repayment of loans

C. Reduce the deficit on the balance of trade

D. Reduce the surplus on the capital account

7627. Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?
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A. Floor price

B. Bid Price

C. Fixed price

D. Basic Price

7628. What is called interest payments plus repayments of principal to creditors ?
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A. Debt relief

B. Debt service

C. Payback

D. Debt retirement

7629. Name a default on debt and obligations by a major financial institution that disrupts the stability of the economic system ?
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A. Debt blast

B. Bad debt

C. Debt bomb

D. None of them

7630. Which money is called Earnest Money ?
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A. A promise or assurance

B. Advanced payment to bind a contract or bargain

C. All of these

D. A token of something to come

7631. What is Debt retirement______________?
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A. To repay debt in easy installments

B. To reschedule debt

C. The complete repayment of debt

D. To write off debt

7632. Term bond are bonds whose principle is payable at maturity. What does mean by Term certificate?
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A. A certificate of deposit whose principal is payable at maturity

B. A certificate of deposit with a shorter time to maturity

C. certificate of deposit with a longer time to maturity

D. A bond with a longer time to maturity

7633. Name a corporation that owns enough voting stock in another firm to control management and operations by influencing of electing its board of directors ?
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A. joint company

B. Holding company

C. Father company

D. Mother company

7634. What is write-Off?
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A. Charging an asset amount to expense of loss

B. None of these

C. To forget

D. To withdraw

7635. Which is the best measure of economic growth of a country ?
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A. Net revenue

B. GDP

C. None of the above

D. GNP
7636. Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ?
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A. Growth fund

B. Capital growth fund

C. Stock fund

D. Common fund

7637. The term Cartel refers to ?
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A. An official agreement between governments at war, especially for exchange of prisoners

B. All of the above

C. Unity of parties, factions or nations in a common cause

D. A combination of firms for business purposes

7638. Term the sole legal right to print or publish anything that belongs to the author ?
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A. property right

B. Sole right

C. Copyright

D. rights

7639. Which minerals chief exporter is Russia?
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A. Gold

B. Manganese

C. Rubber

D. Silver

7640. What is Demand note ?
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A. Term deposit payable in lawful money upon demand

B. Cheque payable in lawful money upon demand

C. Draft payable in lawful money upon demand

D. Security payable in lawful money upon demand

7641. Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price ?
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A. Guarantee

B. Repo

C. Redemption

D. Repurchase arrangements

7642. Downsizing is______________?
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A. to make in a smaller size

B. to make in a actual size

C. to make in a half size

D. None of the above

7643. Open market Operation is ?
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A. Buying and selling foreign exchanges

B. Buying and selling shares of companies

C. Buying and selling bills of exchange

D. Buying and Selling govt. securities
7644. Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?
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A. LAFO (last in first out)

B. FIFO (first in first out)

C. First come First serve

D. None of these

7645. Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?
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A. All of these

B. Four Dragons

C. Four Tigers

D. Little Tigers

7646. Term a film that is engaged in two or more unrelated businesses ?
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A. giant

B. Incorporation

C. Multinational

D. Conglomerate
7647. Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________?
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A. None of these

B. Hard asset

C. Liquid asset

D. Solid asset

7648. Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ?
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A. Price battle

B. Price support

C. Price war

D. Price competition

7649. The term Mark-up refers to________________?
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A. Rise in the price of an item for sale

B. An amount added to cost price in calculating selling price

C. Both of them

D. All of them

7650. A piece of land and whatever physical property is on it is called?
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A. Unmovable property

B. Property

C. Solid asset

D. Real estate