economics MCQs – Page 373

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 Review each marked answer and report any item that may be outdated or unclear.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

7441. Devaluation means ?
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A. Converting rupee into gold

B. Lowering of the value of one currency in comparison of some foreign currency

C. Making rupee dearer in comparison to some foreign currency

D. None of these

7442. Which of the following must always balance ?
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A. Balance of invisible trade

B. Balance on the current account

C. Balance of visible trade

D. Balance of payments

7443. When the stock market is rising it is ?
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A. Hottest

B. Bullish

C. Bearish

D. Rising up

7444. India is the chief exporter of ?
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A. Mica

B. Gold

C. Silver

D. Rubber

7445. With whom would you associate the following quote The business of business is business ?
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A. Alfred Marshal

B. Karl Marx

C. Adam smith

D. Milton Friedman

7446. How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
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A. Human Development Index (HDI)

B. Comparative Price Index (CPI)

C. Complete Price Index (CPI)

D. Consumer Price Index (CPI)

7447. Estimated income and plane for expenditure is called Budget. What is Budget deficit ?
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A. Less Public spending than amount of revenue corporation

B. None of them

C. More public spending than amount of revenue

D. Balance between public spending and amount of revenue

7448. What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?
0

A. Goodwill

B. Bonus

C. Up level

D. Upgradation

7449. What does mean by Emerging Markets ?
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A. Financial markets of Asian economies

B. Financial markets of East Europes economies

C. Financial markets of developing economies

D. Financial markets of Latin America

7450. Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ?
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A. Rolling debt

B. Default

C. Rescheduling

D. Bad debt

7451. Term a countrys decision to tie the value of its currency to another countrys currency gold or a basket of currencies ?
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A. Relative exchange rate

B. Pagged exchanged rate

C. Knotted exchange rate

D. Fixed exchange rate

7452. Which term is used for a countrys holdings of intentionally acceptable means of payment ?
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A. Holdings

B. Foreign currency

C. Treasure

D. Reserves

7453. USA is the chief exporter of ?
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A. Coal

B. All of these

C. Copper

D. Cotton

7454. Which of the following is a valid currency______________?
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A. Promissory note

B. Currency note

C. Exchange rate

D. Bank cheque

7455. What is called the crop which is grown for sale rather than the farmers own use ?
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A. Money Crop

B. Business Crop

C. Cash crop

D. Earning Crop

7456. What is referred by the hard currency ?
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A. Any currency backed by gold or silver bullion rather than credit

B. Stable currency value of which does not fluctuate greatly

C. Both of them

D. None of them

7457. What is the meaning of the term stagflation ?
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A. None of these

B. Fall in employment due to declining production

C. Fall in prices due to less circulation of currency

D. High inflation rate combined with high unemployment and unchanged consume demand

7458. What is public sector ?
0

A. All of them

B. Central and local government

C. Nationalized Industries

D. Public corporations

7459. Balance of sheet is understood as ?
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A. Accurate economic position

B. Performance of a company

C. Statements of accounts that shows debit and credit accounts under the broad heads

D. Profit in a year

7460. A tariff______________?
0

A. A and C of above

B. Reduces the volume of trade

C. Increase the volume of trade

D. Has no effect on volume of trade?

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