economics MCQs – Page 371

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 Review each marked answer and report any item that may be outdated or unclear.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
7401. Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
comments icon0

A. Protectionist policy

B. Beggar-thy-beighbour

C. Domestic policy

D. Nationalist policy

7402. Devaluation of currency helps to promote ?
comments icon0

A. Saving

B. Exports

C. Imports at lower cost

D. National income

7403. Who is insolvent_______________?
comments icon0

A. A firm that is for sale

B. A firm that has more liabilities than assets

C. A firm that is liquidated

D. A firm that is unable to pay debts
7404. How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?
comments icon0

A. Stock holding company

B. Liquid fund

C. combine fund

D. Mutual fund
7405. Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?
comments icon0
A. Grey market

B. White market

C. Open market

D. Red market

7406. Government of Pakistan issues currency on the basis of__________________?
comments icon0

A. Availability of dollars in the country

B. Demand for money in the country

C. Tax collection

D. Availability of gold in the country

7407. In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?
comments icon0

A. Rural system

B. Land based system

C. Feudal system

D. Military system

7408. The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
comments icon0

A. Adam Ricardo

B. David Ricardo

C. David Smith

D. Adam Smith

7409. The situation with increasing unemployment and inflation is terms as ?
comments icon0

A. Reflection

B. Stagflation

C. Hyperinflation

D. Galloping

7410. Which of the following is not an indirect tax ?
comments icon0

A. Custom duty

B. Income tax

C. Tariff

D. Sales tax
7411. Economic development is measured on the basis of ?
comments icon0

A. Increase in nominal GNP

B. Increase in government revenue

C. Increase in personal income

D. Increase in real GNP
7412. Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?
comments icon0

A. Nikki Index

B. NASDAQ

C. Major Index

D. Dow Jones Index
7413. Name the organization that is managed by those who use its facilities ?
comments icon0

A. Corporation

B. Society

C. Cooperative

D. Limited Company

7414. Where Nikkei Stock average applies ?
comments icon0

A. Mainly to Japanese equities

B. Mainly to Korean equities

C. Mainly to international equities

D. Mainly to US equities

7415. The branch banking system is in vogue in most countries of the world. In which country was it first developed?
comments icon0

A. South Africa

B. Australia

C. UK

D. Canada

7416. What is called a countrys total financial obligations to the rest of the world ?
comments icon0

A. National liabilities

B. Total debt

C. External debt

D. Debt burden

7417. Bank loans are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments. What these loans are called____________?
comments icon0

A. Rearranged loans

B. None of these

C. Altered loans

D. Rescheduled loans
7418. GNP is_______________?
comments icon0

A. Total monetary transactions in an economy

B. Total sales in the economy

C. The market value of all goods and services produced in an economy

D. Total spending in an economy

7419. What is called an additional levy added to some charge ?
comments icon0

A. Fine

B. Extra charges

C. Surcharge

D. Additional Charged

7420. Velocity of circulation of money means ?
comments icon0
A. The number of times a unit of money changes hands annually

B. The number of times as unit of money changes hands monthly

C. The number of times a unit of money changes value

D. The number of times a unit of money changes hands daily