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
7651. A central bank or monetary authority hold foreign currency for the purpose of exchange intervention and the settlement of intergovernmental claims. Term the currency ?
comments icon0

A. Hot currency

B. Reserve currency

C. Hard currency

D. Pegged currency

7652. What is sales tax_____________?
comments icon0

A. Tax deducted at source

B. Tax on gross sale

C. Levied on the retail price of merchandise and collected by retailer

D. Tax on local produce

7653. What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?
comments icon0
A. Protectionism

B. Domestication

C. National interest

D. Localization

7654. How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?
comments icon0
A. Keynesian

B. Harvard Group

C. London Group

D. Market Economy

7655. What is the cost effective ?
comments icon0

A. Cheap things

B. Substandard things

C. Economical in terms of the goods or services received for the money spent

D. Free in terms of the goods or services received for the money spent

7656. Goods that satisfy human wants though their direct use or consumption are called______________?
comments icon0
A. consumer goods

B. cash items

C. consumer items

D. cash goods

7657. Term the group of countries that have removed all restrictions on trade among themselves?
comments icon0

A. Close-Trade zone

B. Free-trade zone

C. Both of them

D. None of them

7658. A stock that sells at a high price because of public confidence in its long record of steady earnings is called ?
comments icon0

A. An extremely valuable asset or property

B. Blue chip

C. Blue Chipper

D. All of these
7659. What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ?
comments icon0

A. National economic risk

B. Foreign exchange risk

C. Country economic risk

D. Country finance risk
7660. Goods and monies from which future income can be derived is called ?
comments icon0
A. Capital

B. Holdings

C. Assets

D. Net assets

7661. Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?
comments icon0

A. Authoritarianism

B. Capitalism

C. Communism

D. Socialism
7662. Market value of all final goods and services produced in a country during a year is definition of ?
comments icon0

A. NNP

B. Consumption

C. GNP

D. NI

7663. From the sale of capital assets tax is levied on profits. What this tax is called ?
comments icon0
A. Capital gains tax

B. Profit tax

C. Capital tax

D. Excise duty

7664. Depression is a drastic decline in a national or international economy. Its characteristic is_____________?
comments icon0

A. Falling prices

B. Unemployment

C. All of these

D. Decreasing business activity

7665. Interest is______________?
comments icon0

A. Share in profit

B. Devaluation in the Currency

C. Payment made for the use of another persons money

D. Payment made for the use of banks money

7666. What does mean by Franchise__________________?
comments icon0
A. All of the above

B. A privilege or right officially granted by a person or group by a government

C. Authorization granted to someone to sell or distribute a companys goods or service in certain area

D. Territory or limits within which immunity, privilege or right may be exercised

7667. Name the methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries ?
comments icon0

A. None of the above

B. Exchange Rate Balance

C. Exchange Rate Equilibrium

D. Exchange Rate Mechanism (ERM)
7668. Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?
comments icon0

A. Green Leaf

B. Gold Leaf

C. Hard Leaf

D. Maple Leaf
7669. What is Remittance_______________?
comments icon0

A. Sending of money to someone at distance

B. The sum of money sent

C. Both of them

D. None of them

7670. Deregulation is the reduction of governments role in controlling markets. Which of the following is result(s) of deregulation ?
comments icon0

A. Lead to freer market

B. Lead to a more efficient marketplace

C. Both of them

D. None of them

7671. National income of a country is based on ?
comments icon0

A. The taxes earned by the State

B. Personal incomes of all the citizens

C. Surplus of exports over imports

D. The sum of all factors of income
7672. What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?
comments icon0

A. Close-trade zone

B. Free trade zone

C. Both of them

D. None of them

7673. Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?
comments icon0

A. Excise

B. Value added

C. Tax on stage

D. Value addition

7674. Rate of growth of an economy is measured in terms of________________?
comments icon0
A. National income

B. Industrial development

C. Number of people who have been lifted above the poverty line

D. Per capita income

7675. What is called the trade of goods or services without the exchange of money ?
comments icon0
A. Barter

B. Liberal Exchange

C. Free exchange

D. Bilateral Trade

7676. What is called a countrys total financial obligations to the rest of the world ?
comments icon0
A. External debt

B. Debt burden

C. Total dept

D. National liabilities

7677. Which of the following is referred by the phrase trade balance ?
comments icon0

A. Income from imports

B. Income from export

C. Difference between imports and exports

D. All of them

7678. Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?
comments icon0

A. Income tax

B. Wealth tax

C. None of these

D. Withholding tax
7679. An act of altering of a written or printed document with intentions of deceiving anyone is called________?
comments icon0

A. Forgery

B. Fraudulent

C. Fraud

D. Cheating

7680. Which country is the chief exporter Aluminum?
comments icon0

A. France

B. Britain

C. USA

D. Germany

7681. 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. Relative Advantage

C. Comparative Advantage

D. Complete Advantage

7682. Endorsement means anything written upon the back of the document What does means by Endorse ?
comments icon0
A. To sign ones name upon the back of cheque

B. To verify the person holding cheque

C. To sign ones name upon the front of cheque

D. To verify signature

7683. Which is most likely to cause a more even distribution of income ?
comments icon0

A. An increase in indirect taxes

B. An increase in progressive taxation

C. An increase in the rate of inflation

D. An increase in managers salaries

7684. What is called a countrys decision to allow its currency value to change freely?
comments icon0

A. Pegged exchange rate

B. Open exchange rate

C. Liberal exchanged rate

D. Floating exchange rate
7685. A countrys fundamental system of transportation, communications, and other aspects of its physical capabilities are called ?
comments icon0

A. Basic structure

B. Basic infrastructure

C. Fundamentals

D. Infrastructure
7686. Monetary policy is regulated by ?
comments icon0
A. Central Bank

B. Money lenders

C. Government policy

D. Private entrepreneurs

7687. USA is the chief exporter of_________________?
comments icon0

A. Iron Ore

B. Wheat

C. Both of these

D. None of these

7688. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?
comments icon0

A. Price choosing

B. Price index

C. Price indexing

D. Price fixing

7689. Central banks rate of lending to commercial banks is called ?
comments icon0

A. Money rate

B. Control rate

C. Discount rate

D. Interest rate

7690. What is called when government spending overwhelms government revenue resulting in government borrowing ?
comments icon0

A. Deficient financing

B. Budget deficit

C. Unbalanced spending

D. Deficit spending
7691. Name the price at which the issuer of a bond may retire part of the pond at a specified call date ?
comments icon0
A. Call price

B. Term Price

C. Bid price

D. Future Price

7692. Indemnity is_______________?
comments icon0
A. All of these

B. A legal exemption from liability for damages

C. Security against damages loss, or injury

D. Compensation for damages loss, or injury suffered

7693. Which of the following is not required while computing Gross National Product (GNP) ?
comments icon0

A. Private investment

B. None of the above

C. Net foreign investment

D. Per capita income of citizens
7694. Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ?
comments icon0
A. Cash on Delivery

B. Barter

C. payment on Delivery

D. Gives in take

7695. What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?
comments icon0

A. Fixed price

B. Bid price

C. Floor price

D. Basic price

7696. How is termed the ability to buy ?
comments icon0
A. Purchasing power parities (PPP)

B. Gross purchasing power

C. Income level

D. Purchasing power

7697. What is called the manipulation of the market by traders to create the illusion of active volume to attract investors ?
comments icon0
A. Manipulated market

B. False market

C. Illusion

D. Daisy chain

7698. Which country is the chief exporter of Tin ?
comments icon0

A. Russia

B. China

C. USA

D. Malaysia
7699. Which term is used for the value imprinted on a security ?
comments icon0
A. Par value

B. Net value

C. Real value

D. Gross value

7700. Which is the oldest stock exchange of the world ?
comments icon0
A. London stock exchange

B. Tokyo stock exchange

C. New York stock exchange

D. None of them