economics MCQs – Page 369

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 Review each marked answer and report any item that may be outdated or unclear.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

7361. A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?
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A. Collateral

B. Pledge

C. Assurance

D. Guaranty

7362. 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

7363. Monoculture is ?
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A. Homogeneous Nations

B. Homogeneous business

C. Homogeneous market

D. Farming practice of growing a single crop

7364. Free port is ?
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A. Where no expert or import duties are levied

B. Where no import duties are levied

C. Where everything can be import or export

D. Where no export duties are levied

7365. 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. Penalty

B. Demurrage

C. Fine

D. Charges

7366. Interest that is calculated as a simple percentage of the original principal amount is called ?
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A. Market interest

B. Easy interest

C. Simple interest

D. Compound interest

7367. Transfer payments means ?
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A. Bank loans

B. Payments made to all factors of production

C. The payment without work

D. Tax payments

7368. Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?
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A. Active government intervention is necessary to ensure economic growth and stability

B. Government intervention is not necessary to ensure economic growth and stability

C. Regulation is necessary for economic growth and stability

D. A free market is necessary for economic growth and stability

7369. Large payment to senior employee who is forced into retirement is called ?
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A. Golden shake hand

B. Golden bonus

C. Golden handshake

D. Friendly handshake

7370. Mention the market for trading long-term debt instruments ?
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A. Stock market

B. Open market

C. Capital market

D. International market

7371. Commercial policy means_______________?
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A. Policy about imports and exports

B. Policy about money supply

C. Policy about markets

D. Policy of controlling of prices of goods

7372. What is called interest that is paid previously earned interest as well as on the principal ?
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A. Gross interest

B. Simple interest

C. Total interest

D. Compound interest

7373. What is called amount of money to purchase the goods and services to maintain life ?
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A. None of these

B. Cost living

C. Cost of life

D. Basic requirement

7374. Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
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A. Idealism

B. Speculation

C. Risk covering

D. Blind game

7375. A budgetary deficit means ?
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A. Current expenditure is more than current revenue

B. Total expenditure is more than current revenue

C. Total expenditure is more than total revenue

D. Capital expenditure is more than capital revenue

7376. South Africa is the chief exporter of ?
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A. Gold

B. Coffee

C. Copper

D. Diamond

7377. What is Euro ?
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A. Deposit outside ones home country but in the home country currency

B. European currency unit, introduced on January 1, 1999

C. Both of them

D. None of them

7378. Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?
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A. Certificates

B. Sureties

C. Bond

D. Security bonds

7379. Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?
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A. Liberalism

B. Free market economy

C. Capitalism

D. Socialism

7380. Central bank of Pakistan is ________________?
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A. State Bank

B. National Bank

C. Both of them

D. None of them

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