economics MCQs – Page 374

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 Review each marked answer and report any item that may be outdated or unclear.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

7461. 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. Devolution

B. Devaluation

C. Price cap

D. Cut-rate

7462. Bearer cheque is ?
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A. payable through account only

B. payable to person holding it

C. payable after specific period

D. Payable to anyone

7463. The most industrialized country in Asia is ?
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A. Taiwan

B. South Korea

C. Malaysia

D. Japan

7464. According to the law of demand. When ?
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A. Price increase demand decreases

B. Price decreases demand decreases

C. Price increased demand increases

D. None of these

7465. Which exchange rate system is characterized by the absence of government intervention ?
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A. Free float

B. Clean float

C. Both of them

D. None of them

7466. Oil is measured in barrels. What is the abbreviation for barrels________________?
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A. Bel

B. Brl

C. Bbl

D. Obl

7467. The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
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A. Property right

B. Right

C. Copyright

D. Sole right

7468. What is deflation________________?
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A. Increase in public expenditure

B. Reverse of inflation

C. Deficit Budget

D. Reduction in taxation

7469. A bank deposit, that cannot be withdrawn before the date which is specified at the time of deposit, is called ?
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A. Bond deposit

B. time deposit

C. Fixed investment

D. term deposit

7470. A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?
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A. Multinational corporation

B. Multinational company

C. Both of them

D. None of them

7471. What would cause a countrys exchange rate to fall ?
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A. An increases demand for its exports

B. None of the above

C. Increased demand for its imports

D. An increased inflow of capital

7472. What is comprised by public sector ?
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A. All of them

B. Public corporations

C. Nationalized industries

D. Central and local government.

7473. Inflation is ?
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A. Lowering of purchasing power

B. None of the above

C. Decrease in the amount of circulation money

D. Increase in the amount of circulating money

7474. Trade name is ?
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A. By which commodity service or process is known to trade

B. All of them

C. Used to identify a commercial product or service

D. Under which a business firm operates

7475. What is called that company which make loans to individuals, while not receiving deposits like a bank ?
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A. Finance corporation

B. Limited company

C. Cooperative company

D. Finance company

7476. Name the Company that is listed with the SEC after submission of a required statement and compliance with disclosure requirement ?
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A. Registered company

B. Limited company

C. Public company

D. Public limited company

7477. Which term is used for the total net value of all goods and services produced in a country in specified period of time ?
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A. Gross income

B. Public income

C. Local income

D. National income

7478. Which of the following groups suffer the most from inflation ?
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A. Debtors

B. Creditors

C. Business class

D. None of these

7479. What is called the difference in the value of a nations imports over exports or exports over imports ?
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A. Trade deficit

B. Trade simples

C. Both a & b

D. Not a nor b

7480. By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?
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A. Foreclosure

B. Bankrupt

C. None of these

D. Default

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