economics MCQs – Page 17

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 Review each marked answer and report any item that may be outdated or unclear.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

321. 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. Holding company

B. Father company

C. joint company

D. Mother company

322. Bearer cheque is ?
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A. Payable to anyone

B. payable through account only

C. payable to person holding it

D. payable after specific period

323. 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. Conglomerate

C. Pool

D. Consortium

324. Depression is a drastic decline in a national or international economy. Its characteristic is_____________?
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A. Unemployment

B. Falling prices

C. All of these

D. Decreasing business activity

325. What is Demand note ?
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A. Draft payable in lawful money upon demand

B. Cheque payable in lawful money upon demand

C. Security payable in lawful money upon demand

D. Term deposit payable in lawful money upon demand

326. 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. None of them

B. Debt bomb

C. Debt blast

D. Bad debt

327. By Which scale the value of all economic activity produced by a nation during a given period is measured ?
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A. Gross National output

B. Gross National output (GNO)

C. Gross Domestic Product (GOP)

D. Gross National Product (GNP)

328. Which of the following is the Pakistans central bank ?
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A. State Bank

B. National Bank

C. Both of them

D. None of them

329. Crop grown for sale is called?
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A. Business Crop

B. Earning Crop

C. Money Crop

D. Cash crop

330. 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 ?
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A. None of the above

B. Exchange Rate Mechanism (ERM)

C. Exchange Rate Equilibrium

D. Exchange Rate Balance

331. 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. Authoritarianism

B. Capitalism

C. Socialism

D. Dictatorship

332. A payment is made in return for some transference of privilege. What this payment is called ?
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A. Intellectual royalty

B. Share

C. Rent

D. Royalty

333. Which is the best measure of economic growth of a country ?
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A. None of the above

B. Net revenue

C. GDP

D. GNP

334. Interest payments and any principal repayments which are due on a countrys external debt are known as ?
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A. Debt service

B. Debt Charges

C. Service Charges

D. Debt Payment

335. 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

336. Market value of all final goods and services produced in a country during a year is definition of ?
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A. NI

B. GNP

C. NNP

D. Consumption

337. Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?
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A. Hard Leaf

B. Maple Leaf

C. Green Leaf

D. Gold Leaf

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

B. Bearish

C. Crash

D. Fall down

339. what is called an evaluation of credit quality of a companys debt issued by Moodys S&P and Fitch investors services ?
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A. Credit worthiness

B. Credit Worth

C. Credit line

D. Ratings

340. Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?
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A. higher than

B. lower than

C. equal to

D. there is no general pattern

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