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
7701. What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?
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A. Liquidator

B. Receiver

C. Solicitor

D. Agent

7702. The term Dumping means ?
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A. The sale of the sub-standard commodity

B. Smuggling of goods without paying any customs duty

C. Sale in a foreign market of a commodity at a price below marginal cost

D. Sale in a foreign market of a commodity just at marginal cost without too much of profit

7703. Investment funds are established for the supports of institutions such as hospitals investment is called ?
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A. Attached funds

B. Endowment funds

C. Charity funds

D. Investment fund

7704. To determine the correct level of GNP, it is necessary to ?
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A. Add up all savings

B. To add up the values of goods and services for one year

C. To count all imports

D. To add up the value of semi-finished goods

7705. What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?
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A. Managed economy

B. None of these

C. Prudent development

D. Sustainable development
7706. Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?
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A. Closed shop

B. Divided Labor

C. Open shop

D. Division of Labor
7707. Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?
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A. Parasite land

B. Hinterland

C. Dependent land

D. Country land

7708. The term technology refers to______________?
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A. Science based know low

B. Application of science to achieve a commercial or industrial objective

C. Application of modern science in the country

D. All of these

7709. What is Tariff ?
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A. tax that government levy on imports

B. tax that government levy on exports

C. Both of them

D. None of them

7710. Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?
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A. Trickle down

B. End benefit

C. Free market

D. Capitalism

7711. How is termed the balance of investment and return; in which investment and return are exactly equal ?
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A. Break even

B. Breakeven point

C. Both of them

D. None of them

7712. What is referred a group of companies that cooperate and share resources in order to achieve a common objective ?
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A. Incorporation

B. Pool

C. Consortium

D. Conglomerate

7713. What do you understand by Laissez faire ?
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A. Active intervention

B. Interference by the state in law and order

C. Sound commercial affairs

D. None of these

7714. Economic system in which the government owns and controls the means of production to benefit all the people is called ?
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A. Dictatorship

B. Capitalism

C. Socialism

D. Authoritarianism
7715. Which term is used for a bank account which can be operated at will ?
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A. Current account

B. Fixed account

C. Fluctuated account

D. Saving Account

7716. Term the covering of a short position by purchasing a long contract, usually resulting from the short of a commodity ?
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A. None of them

B. Drawback

C. Short-positioning

D. Buyback
7717. Term the body of goods and monies from which future income can be derived ?
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A. Capital

B. Net assets

C. Solid asset

D. Holdings

7718. What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?
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A. Easy trade

B. Free trade

C. Open sky trade

D. Open trade

7719. When stock market is falling it is_______________?
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A. Bullish

B. Fall down

C. Bearish

D. Crash

7720. There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?
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A. Exchange rate

B. Currency exchange

C. Currency value

D. Currency value

7721. An essential attribute of inflation is ?
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A. Increase in prices

B. Fall in production

C. Stagflation

D. None of these

7722. Which of the following are bonds that are not registered on the books of the issuer ?
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A. Open bond

B. Bearer bond

C. Term bond

D. Blank bond

7723. Trade between two countries can be useful if cost ratios of goods are ?
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A. Equal

B. Decreasing

C. Undetermined

D. Different
7724. Market in which forces of demand and supply are not in the control of government is called ?
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A. Market Economy

B. Free Market

C. Both of them

D. None of them

7725. The govt. can control inflation by______________?
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A. Decreasing taxes

B. Increasing money supply

C. Increasing demand for goods

D. Increasing supply of goods
7726. Downsizing is ?
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A. To make in half size

B. None of these

C. to make in a smaller size

D. to make in actual size

7727. In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ?
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A. Commission

B. Graft

C. Bribe

D. kickback
7728. The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?
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A. Identification mark

B. Patent mark

C. Insignia

D. Trade Mark
7729. A companys first sale of stock to the public is called ?
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A. Going Public

B. Initial Public Offering (IPO)

C. First Public Offering

D. Public Offering

7730. The smallest unit of ownership of a company is______________?
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A. Capital

B. A share

C. A debenture

D. Invest

7731. What is meant by capital stock ___________?
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A. Authorized amount of stock for issue by corporation

B. The total stated or par value of the permanently invested capital of corporation

C. Both of them

D. None of them

7732. Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?
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A. Restriction

B. Embargo

C. Contraband

D. Ban

7733. What can a government do to increase demand in its economy ?
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A. Reduce its expenditure

B. Budget for a surplus

C. Cut taxes

D. Encourage savings

7734. Point out the term for producer goods such as machinery that is used in production of commodities ?
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A. Capital goods

B. Capital assets

C. Running capital

D. Hard capital

7735. A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?
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A. Disinflation

B. Hyper-inflation

C. Inflation

D. Deflation

7736. National income refers to ?
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A. Money value of capital goods produced by a country during a year.

B. None of these

C. Money value of stocks and shares of a country during a year.

D. Money value of goods and and services produced in a country during a year.
7737. Fiscal deficit in the budget means ?
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A. Primary deficit minus capital deficit

B. Budgetary deficits plus the net borrowings of the government

C. Capital deficit plus revenue deficit

D. Revenue deficit plus the net borrowings of the government

7738. Which is the most widely used tool of monetary policy ?
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A. Discount rate

B. Issuing of notes

C. Open-market operations

D. Clearing house

7739. What is called the reduction in the rate of a currency
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A. Price cap

B. Devolution

C. Cut-rate

D. Devaluation
7740. Inflation means ?
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A. Rise in budget deficit

B. Rise in money supply

C. Reflection

D. Rise in general price index
7741. What is measured by Gross domestic product (GDP)?
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A. None of these

B. Economic activity of federal government

C. Economic output of a country

D. Value of all economic activity within nations border
7742. What is called a place of work where all workers within a section must belong to a single official recognized trade union ?
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A. Monopolized market

B. Closed shop

C. Monopolized shop

D. Monopolized area

7743. Name the money of county that is expected to drop in value relative to other currencies?
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A. Cold currency

B. Local currency

C. Lime currency

D. Soft currency
7744. Who among the following is most benefited from inflation ?
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A. Government pensioners

B. Creditors

C. Debtors

D. Savings Bank Account holders

7745. Which of the following is not rated by credit rating agencies ?
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A. Government securities

B. Debentures and bonds

C. Shares

D. Commercial paper

7746. What does mean by Deed________________?
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A. none of the above

B. legal instrument used to grand a right

C. legal instrument

D. Something done

7747. Which market is called Bear market ?
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A. Market with upward and stock prices.

B. Market with a prolonged period of falling stock prices

C. A very big market

D. A very big industrial market

7748. There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?
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A. Grey market

B. Open market

C. Over-the counter (OTC)

D. Back market

7749. Which property the paper money does not process ?
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A. Acceptability

B. Divisibility

C. Durability

D. Portability

7750. Which measures. taken by a government would be intended to raise the price of imports ?
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A. Embargoes

B. Quotas

C. Tariffs

D. Foreign exchange controls