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
101. When banks prepare their balance sheets. They show the money lent in ?
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A. Liability

B. Assets

C. Both assets and liabilities

D. None

102. Which of the following is called a wholly or partially owned company what is the part of the large corporation?
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A. Child company

B. Baby company

C. Subsidiary

D. Small holding

103. 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 area

B. Monopolized shop

C. Monopolized market

D. Closed shop
104. Government policy about exports and imports is called ?
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A. Fiscal policy

B. Finance policy

C. Monetary policy

D. Commercial policy
105. In which capacity does a person stand to gain from deflation ?
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A. As a debtor

B. As an equity-holder

C. As a pensioner

D. As an entrepreneur

106. The term Cartel refers to ?
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A. All of the above

B. Unity of parties, factions or nations in a common cause

C. An official agreement between governments at war, especially for exchange of prisoners

D. A combination of firms for business purposes

107. 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. Insignia

B. Patent mark

C. Identification mark

D. Trade Mark
108. Which of the following is not required while computing Gross National Product (GNP) ?
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A. Per capita income of citizens

B. Private investment

C. None of the above

D. Net foreign investment

109. Term a film that is engaged in two or more unrelated businesses ?
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A. Multinational

B. Incorporation

C. giant

D. Conglomerate
110. Which country is the chief exporter Aluminum?
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A. USA

B. Britain

C. France

D. Germany

111. Term bond are bonds whose principle is payable at maturity. What does mean by Term certificate?
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A. A certificate of deposit whose principal is payable at maturity

B. A bond with a longer time to maturity

C. certificate of deposit with a longer time to maturity

D. A certificate of deposit with a shorter time to maturity

112. What is referred by cost push inflation ?
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A. Decreased production costs drive prices up

B. increased production costs drive prices up

C. Decreased production costs drive prices down

D. increased production costs drive prices down

113. Pakistan follows the policy of_______________?
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A. Increasing exchange rate

B. controlled exchange rate

C. Fixed exchange rate

D. Flexible exchange rate
114. Which is the most widely used tool of monetary policy ?
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A. Clearing house

B. Discount rate

C. Open-market operations

D. Issuing of notes

115. Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ?
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A. Papers of Landing

B. Letter of Credit

C. Letter of intent

D. Letter of Expression

116. 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?
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A. Comparative Advantage

B. Comparative Edge

C. Complete Advantage

D. Relative Advantage

117. The intermediary agent in the purchase and sale of any good is known as ?
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A. Commission agent

B. Broker

C. Dealer

D. Agent

118. What are called goods that satisfy human wants through their direct use ?
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A. cash items

B. consumer goods

C. cash goods

D. consumer items

119. 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 ?
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A. Floor price

B. Fixed price

C. Bid price

D. Basic price

120. The smallest unit of ownership of a company is______________?
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A. Invest

B. Capital

C. A debenture

D. A share
121. What is called the result of a states borrowing from its population, from foreign governments or from international institutions ?
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A. National debt

B. Public debt

C. Both of them

D. None of them

122. Interest is______________?
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A. Payment made for the use of banks money

B. Share in profit

C. Devaluation in the Currency

D. Payment made for the use of another persons money
123. Mention the theory of inflation or price increase that results from so-called excess demand ?
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A. Demand push inflation

B. Demand curve theory

C. Cost-push inflation

D. Demand-pull inflation
124. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
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A. Ricardos theory

B. Supply and Demand theory

C. Fundamental theory

D. Cost push theory

125. Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?
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A. New York Stock Exchange

B. Nikkei Stock Average

C. National Association of Securities Dealers Automatic Quotation system (Nasdaq)

D. Wall Street

126. What is sales tax_____________?
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A. Tax on local produce

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

C. Tax deducted at source

D. Tax on gross sale

127. National Income is essentially composed of ?
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A. Income derived from taxes by the central government

B. All wealth of a nation

C. Annual Income of the central government

D. All income of the people on a year
128. Which kind of Tax is Federal subject ?
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A. Property Tax

B. Excise Tax

C. Zakat

D. General Sales Tax
129. Which term is used for a bank account which can be operated at will ?
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A. Fluctuated account

B. Saving Account

C. Current account

D. Fixed account

130. The term prospectus refers to______________?
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A. Formal summary of proposed project

B. Document describing chief features of something for participants

C. Both of them

D. None of them

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

B. To sign ones name upon the front of cheque

C. To verify signature

D. To verify the person holding cheque

132. Term the enterprise or organization which is managed by those who use its facilities or services ?
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A. Society

B. Cooperative

C. Corporation

D. Limited company

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

B. Soft currency

C. Lime currency

D. Cold currency

134. The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?
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A. Real value

B. Book value

C. Open value

D. Artificial value

135. 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

136. Which economics term describes the takeover of one textile manufactures by another ?
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A. Diversification

B. horizontal integration

C. monopoly

D. vertical integration

137. What is called a Tax on imports, exports ?
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A. Duty

B. Excise

C. Drawback

D. Custom

138. Term the group of countries that have removed all restrictions on trade among themselves?
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A. Close-Trade zone

B. Free-trade zone

C. Both of them

D. None of them

139. Mention the penalty by which a person loses title of his property, that is a result of some illegal act ?
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A. Confiscation

B. Debenture

C. Forfeiture

D. Bankruptcy

140. What is artificial currency ?
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A. Silver

B. De-valued currency

C. Coins

D. A currency substitutes
141. Term the shared of profits of a joint stock company ?
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A. Profit-share

B. Dividend

C. Share

D. Margin

142. Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ?
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A. Charges

B. Fine

C. Demurrage

D. Penalty

143. Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?
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A. Cut-rate

B. Devaluation

C. Price cap

D. Devolution

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

B. Foreign exchange controls

C. Quotas

D. Tariffs
145. What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?
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A. Open sky trade

B. Easy trade

C. Free trade

D. Open trade

146. What is meant by excise?
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A. A tax levied on certain articles produced and consumed in a country

B. A licensing charge or a fee levied for certain privileges

C. Both of them

D. None of them

147. Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?
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A. Equal to one

B. Greater than one

C. Less than one

D. Zero

148. The sum of total income received for the services of labor, land or capital in a country is called?
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A. National income

B. Gross national income

C. Gross domestic income

D. Gross domestic product

149. Name the price at which the issuer of a bond may retire part of the pond at a specified call date ?
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A. Call price

B. Bid price

C. Term Price

D. Future Price

150. Which of the following would cause income to become more unequal ?
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A. More regressive taxes

B. Increased employment

C. More progressive taxes

D. Increased unemployment allowance