economics MCQs – Page 375

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 Review each marked answer and report any item that may be outdated or unclear.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

7481. Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?
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A. Green market

B. Oligopsony

C. Oligopoly

D. Grey market

7482. The period of high inflation and low economic growth is termed as ?
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A. Take-off stage in economy

B. Stagflation

C. Stagnation

D. None of these

7483. What is referred by the term Portfolio ?
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A. Total unmovable assets of a company

B. A collection of investments, real or financial

C. Total profit of company in a year

D. Net assets of a company

7484. How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?
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A. Open door market

B. Open door country

C. Open sky market

D. Free economy

7485. Which type of income is earned only the actor of production enterprise ?
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A. Profit

B. wages

C. interest

D. rent

7486. What is called an internet strategy of dealing directly with business rather than consumer ?
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A. Trickle down

B. Indirect contact

C. Step by step

D. B2B

7487. The balance of payment is ?
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A. Balance between a nations expenditure on imports and its receipts from exports

B. Total sum a state owned

C. Total liabilities of a nation

D. Shortfall in budget

7488. Portion of a companys profit paid to common and preferred shareholders is called ?
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A. Profit share

B. Gross Profit

C. Right share

D. Dividend

7489. Term the written order which directs that a specified sum of money be paid to a specified person ?
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A. Bearer Cheque

B. Bill of Exchange BE

C. None of them

D. Bill of Lading

7490. How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?
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A. Promissory Note (PN)

B. Note of hand

C. Both of them

D. None of them

7491. What is Dumping ?
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A. Sale of goods in large quantities and at a low price

B. Sale of goods in large quantities with low quality

C. Sale of goods in large quantities with high quality

D. Sale of goods in large quantities with high price

7492. What is called a check that is returned by a bank because it is not payable, usually because of insufficient funds ?
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A. Return

B. Grossed

C. Refused

D. Bounce

7493. Which of the following is rate of interest the major international banks charge each other for borrowings ?
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A. London Interbank Offered Rate (LIBOR)

B. international Interbank Offered Rates (IOBOR)

C. New York Interbank Offered Rates (NIBOR)

D. USA Interbank Offered Rate (UIBOR)

7494. What would reduce the role of central planning in a economy ?
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A. Increasing government spending

B. Increasing the role of markets

C. Removing the profit motive

D. Increasing public ownership of firms

7495. The power of a bank to create credit is affected by ?
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A. The cash reserve requirement

B. A and B of above

C. The number of branches of a bank

D. The amount of cash available

7496. When the stock market is down falling it is called ?
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A. Crashing

B. Bullish

C. Bearish

D. Falling

7497. From each according to his ability to each according to his need is the theoretical slogan of ?
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A. Feudal System

B. Fascist System

C. Capitalist System

D. Communist System

7498. The economics system planned economy is ?
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A. In which production and distribution of wealth is under governments control

B. In which technocrats control production

C. In which economists control production

D. In which government controls distribution

7499. Currency that is expected to drop in value relative to other currencies is called ?
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A. Local currency

B. Lime currency

C. Cold currency

D. Soft currency

7500. What is called the tax that is levied on retail price of merchandise collected by retailer ?
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A. Gross Tax

B. Local Tax

C. Sales Tax

D. General Tax

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