economics MCQs – Page 377

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 Review each marked answer and report any item that may be outdated or unclear.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

7521. What is Black Money ?
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A. None of these

B. Illegally earned money

C. Income on which payment of tax is usually evaded

D. Money earned through underhand deals

7522. Gross National income is always more than Net National income because it includes ?
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A. Capital consumption allowance

B. Foreign income

C. Indirect taxes

D. Direct taxes

7523. Developments in a national economy can affect the outcome of an international financial transaction. What this process is called ?
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A. Ultra-country economic risk

B. Outcome risk

C. Country economic risk

D. International economic risk

7524. What can a central bank increase in order to reduce consumer borrowing ?
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A. interest rates

B. None of these

C. government bank deposits

D. commercial bank deposits

E. government spending

7525. Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?
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A. Free trade

B. Open trade

C. Easy trade

D. Open sky trade

7526. Which of the following terms refers to income that is saved and not invested ?
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A. Deposit

B. Capital

C. Hoarding

D. Profit

7527. A tax on imports exports, or consumption goods is called ?
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A. Duty

B. Drawback

C. Excise

D. Custom

7528. What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?
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A. Localization

B. Protectionism

C. National interest

D. Domestication

7529. What is referred by cost push inflation ?
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A. increased production costs drive prices down

B. Decreased production costs drive prices up

C. increased production costs drive prices up

D. Decreased production costs drive prices down

7530. Interest payments and any principal repayments which are due on a countrys external debt are known as ?
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A. Service Charges

B. Debt Payment

C. Debt Charges

D. Debt service

7531. Government policy about exports and imports is called ?
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A. Fiscal policy

B. Monetary policy

C. Commercial policy

D. Finance policy

7532. What does price elasticity of demand measure ?
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A. Changes in price caused by changes in demand

B. The rate of change of sales

C. The responsiveness of demand to price changes

D. The value of sales at a given price

7533. The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?
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A. Artificial value

B. Open value

C. Real value

D. Book value

7534. An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
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A. Free adjustment

B. Cost of living adjustment

C. Comparative adjustment

D. Cost effective adjustment

7535. Which theory of economic management focuses on encouraging product through tax reduction ?
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A. Supply-side economics

B. Supervised market

C. Liberalism

D. Free market economics

7536. Which form of business organization falls between a corporation and partnership ?
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A. Joint stock company

B. Limited joint company

C. joint company

D. Limited Company

7537. Balance of payments of a country includes ?
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A. Balance of trade

B. A and B of above

C. Capital receipts and payments

D. Savings and investment account

7538. What meant by excise ?
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A. A tax levied on certain articles produced and consumed in a country

B. A licensing charge or a fee levied for certain privileges

C. Both of these

D. None of the above

7539. Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?
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A. Capital drain

B. Free flow

C. Money flight

D. Capital flight

7540. Which of the following is a price that is equal to the face value of a security ?
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A. None of them

B. Balanced

C. At Par

D. At Equilibrium

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