economics MCQs – Page 370

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 Review each marked answer and report any item that may be outdated or unclear.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

7381. How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?
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A. All of these

B. Four Dragons

C. Four Tigers

D. Little Tigers

7382. Term the minimum income level below which a person is considered to be living in poverty ?
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A. Poverty level

B. Poverty line

C. Both of them

D. None of them

7383. Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?
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A. Cost of living

B. Cost of life

C. None of the above

D. Basic requirement

7384. Who is a Lame Duck in a stock market ?
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A. A new investor

B. A member of the stock exchange who cannot meet his obligations

C. A old investor

D. None of the above

7385. Of which items chief exporter is Indonesia ?
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A. Wheat

B. Gold

C. Sugar

D. Silver

7386. When aggregate supply exceeds aggregate demand ?
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A. Unemployment exists

B. Price of consumer goods rise

C. Business inventory accumulate

D. People save more than they intended to save

7387. If saving exceeds investment the national income will ?
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A. Fluctuate

B. Remain constant

C. Rise

D. Fall

7388. The cause of inflation is ?
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A. Increase in money supply

B. Fall in production

C. Decrease in money supply and fall in production

D. Increase in money supply and fall in production

7389. Depression is a drastic decline in a national of international economy Its characteristic is ?
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A. All of these

B. Decreasing business activity

C. Falling prices

D. Unemployment

7390. Which function is performed by both commercial banks and central banks ?
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A. Acting as bankers to the government

B. Dealing in foreign exchange

C. Fixing the main interest rate

D. Advising the government on monetary policy

7391. The bank established for loans to very small enterprises in Pakistan is called_______________?
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A. First MINI Bank

B. Micro Finance Bank

C. SME- Bank

D. Moderba Bank

7392. Development means economics growth plus ?
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A. Deflation

B. Inflation

C. Social change

D. Price stability

7393. Which money is called Hot money ?
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A. That moves across country borders in response to interest rate differences

B. That moves away when the interest rate differential

C. Both of them

D. None of them

7394. What is called the stock that sells at a high price ?
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A. Blue Chipper

B. Blue chip

C. All of these

D. An extremely valuable asset or property

7395. An organization plans the use of its fund during a 12-month period. What is this period called ?
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A. Fiscal period

B. Fiscal year (FY)

C. Calendar year

D. Year unit

7396. What is called the market in which forces of demand and supply are not in the control of government ?
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A. Market Economy

B. Free Market

C. Both of them

D. None of them

7397. What is called that debt obligation backed strictly by the borrowers integrity ?
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A. Credit rating

B. Securities

C. Debenture

D. None of them

7398. Which of the following must always balance ?
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A. The balance of visible trade

B. The balance of invisible trade

C. The balance on the current account

D. The balance of payments

7399. Total number of adults currently employed or actively seeking work in all economic sectors is known as ?
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A. All of them

B. Work force

C. Labor potential

D. Labor force

7400. Which of the following is not a function of a commercial bank?
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A. Undertaking agency functions

B. Banker to the government

C. Accepting public deposits

D. Granting loan and advances

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