economics MCQs – Page 16

Practise multiple-choice questions from economics for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

economics Mcqs

1. the national economy 2. profit maximizing under perfect competition and monopoly 3. application of economics 4. the aggregate demand aggregate supply model 5. surplus 6. money interest rates and output 7. average and total cost 8. stabilization adjustment reform and privatization 9. risks and diversification efficient market hypothesis 10. the phillips curve 11. supply and demand 12. capital formation investment choice information technology and technical progress 13. aggregate supply unemployment and inflation 14. elasticity 15. comparative gdp 16. roots of modern macroeconomics 17. production factors 18. poverty malnutrition and income inequality 19. trade regulations and industrial policies 20. monetary union 21. exchange rate systems and currency crises 22. economic development in historical perspective 23. exchange rate determination 24. monopoly competition 25. the balance of payments 26. inflation productivity 27. macroeconomic issues and analysis 28. employment migration and urbanization 29. macroeconomic policy tools 30. supply side policies 31. exchange rate adjustments and the balance of 32. miscellaneous 33. taxation 34. trade policies for the developing nations 35. markets efficiency and the public interest 36. the external debt and financial crises 37. budget deficits and the trade balance 38. alternative theories of the firm 39. public goods 40. the meaning and measurement of economic development 41. characteristics and institutions of developing countries 42. agriculture irrigation system of pakistan 43. education health and human capital 44. economic problems of developing countries 45. theories of economic development 46. basic of economics 47. consumer theory vs real consumers 48. applied microeconomics 49. long term economic growth 50. externality internality 51. fiscal and monetary policy 52. prices wages taxes 53. balance of payments aid and foreign investment 54. international factor movements and multinational corporations 55. entrepreneurship organization and innovation 56. the international economy and globalization 57. population and development 58. non tariff trade barriers 59. foundations of modern trade theory 60. global economic development 61. market 62. rural poverty and agricultural transformation 63. regional trading arrangements 64. foreign exchange 65. introduction to economics 66. world economy miscellaneous 67. sources of comparative advantage 68. natural resources and the environment toward sustainable development 69. monopoly 70. asymmetric information 71. income inequality 72. labour market 73. tariffs 74. development planning and policy making the state and the market 75. oligopoly 76. industrial development 77. costs supply and perfect competition 78. human capital 79. monetary fiscal and incomes policy and inflation 80. stocks

301. Rate of growth of an economy is measured in terms of________________?
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A. Industrial development

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

C. Per capita income

D. National income

302. 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. Cost effective adjustment

B. Free adjustment

C. Comparative adjustment

D. Cost of living adjustment

303. 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. Cycle Business

B. Economic Cycle

C. Business Cycle

D. Complete Cycle

304. Which property the paper money does not process ?
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A. Portability

B. Durability

C. Acceptability

D. Divisibility

305. Cost of production plus a fixed rate of profit is called ?
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A. End price

B. Cost effective

C. Consumer price

D. cost plus

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

B. Open trade

C. Free trade

D. Open sky trade

307. Which market is called Bear market ?
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A. Market with a prolonged period of falling stock prices

B. A very big industrial market

C. Market with upward and stock prices.

D. A very big market

308. Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?
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A. First come First serve

B. None of these

C. FIFO (first in first out)

D. LAFO (last in first out)

309. National income of a country is based on ?
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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

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

B. Capital tax

C. Excise duty

D. Profit tax

311. 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

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

B. Domestication

C. Localization

D. National interest

313. 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. Buyback

B. Drawback

C. Short-positioning

D. None of them

314. Name a market that is characterized by a small number of producers who often act together to control the supply of a particular good and its market price ?
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A. Oligopsony

B. Oligopoly

C. Monopoly

D. Grey market

315. 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. End benefit

B. Free market

C. Trickle down

D. Capitalism

316. What is called when government spending overwhelms government revenue resulting in government borrowing ?
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A. Budget deficit

B. Unbalanced spending

C. Deficient financing

D. Deficit spending

317. How is termed the ability to buy ?
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A. Gross purchasing power

B. Purchasing power parities (PPP)

C. Income level

D. Purchasing power

318. 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. common interest

B. Bilateral arrangement

C. Quid Pro quo

D. Mutual arrangement

319. 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. Money flight

B. Capital flight

C. Free flow

D. Capital drain

320. Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________?
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A. Hard asset

B. Liquid asset

C. Solid asset

D. None of these

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