economics MCQs – Page 22

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 Review each marked answer and report any item that may be outdated or unclear.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 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
421. Which branch of accounting provides information to help the management of a firm evaluate production costs and efficiency ?
comments icon0

A. Ultra-country economic risk

B. Outcome risk

C. Efficient Account

D. Cost Accounting
422. If saving exceeds investment the national income will ?
comments icon0

A. Fluctuate

B. Fall

C. Rise

D. Remain constant
423. A market in which prices are in an upward trend is known as ?
comments icon0

A. Beamish market

B. Upward market

C. Bull market

D. Hot market

424. According to the United States ____ is the number one violator of intellectual property rights
comments icon0

A. Japan

B. Canada

C. Australia

D. China
425. To stabilize the prices of primary products international commodity agreements have utilized all of the following except ?
comments icon0

A. multilateral contracts

B. buffer stocks

C. tariff-rate quotas applied to imported goods

D. production and export controls

426. Rules and Particles that govern the management of an organization are called ?
comments icon0

A. Internal laws

B. Memorandum of articles

C. By laws

D. Character

427. What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
comments icon0

A. Going legal

B. Incorporation

C. Book corporation

D. Chartered corporation

428. What is called amount of money to purchase the goods and services to maintain life ?
comments icon0

A. Cost living

B. Cost of life

C. None of these

D. Basic requirement
429. When the State Bank wants to decrease money supply in the country, it _______________?
comments icon0

A. Buys govt. securities in stock market

B. Lowers discount rate

C. Sells govt. securities

D. B and C of above

430. Estimated income and plane for expenditure is called Budget. What is Budget deficit ?
comments icon0
A. More public spending than amount of revenue

B. None of them

C. Balance between public spending and amount of revenue

D. Less Public spending than amount of revenue corporation

431. Which of the following is a valid currency______________?
comments icon0
A. Currency note

B. Bank cheque

C. Promissory note

D. Exchange rate

432. Term the central market for buying and selling all kind of securities ?
comments icon0

A. A multinational company

B. A big company

C. Stock Exchange

D. Joint stock

433. What is called an additional levy added to some charge ?
comments icon0
A. Extra charges

B. Additional Charged

C. Surcharge

D. Fine

434. Blue chip company is used in the context of general equities. What does it refer ?
comments icon0

A. A conglomerate company

B. A consortium of companies

C. Large and creditworthy company

D. A multinational company

435. Import substitution is an example of ?
comments icon0

A. an outward-looking growth strategy

B. the principle of absolute advantage

C. the principle of comparative advantage

D. an inward-looking growth strategy
436. Economic development ?
comments icon0

A. Is the same as economic growth

B. Exists when there is equal distribution of income

C. Means improvement in lifestyle

D. All of the above

437. The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?
comments icon0

A. similar cost schedules for member countries

B. highly inelastic world demand curve for oil

C. a lack of substitutes for oil

D. economic recession for oil importing nations
438. Which of the following is a withdraw from the circular flow income stream ?
comments icon0
A. Taxation

B. Investment

C. Subsidies

D. Consumption

439. Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?
comments icon0
A. All of the above

B. inelastic demand for these products in advanced countries

C. large increases in the supplies of these products on world markets because of export expansion policies

D. sluggish demand for these products in advanced countries

440. What is deflation________________?
comments icon0
A. Reverse of inflation

B. Deficit Budget

C. Reduction in taxation

D. Increase in public expenditure