economics MCQs – Page 380

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 Review each marked answer and report any item that may be outdated or unclear.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

7581. To what does the phrase terms of trade refer ?
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A. the currency exchange rate

B. the rate at which exports are exchanged for imports

C. The governments policies to increase exports

D. the difference between the value of visible exports and visible imports

7582. LIFO (last in, first out) means ?
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A. to make queue

B. turn by turn

C. make space for new production

D. items are removed in inverse order

7583. Which economics term describes the takeover of one textile manufactures by another ?
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A. vertical integration

B. Diversification

C. horizontal integration

D. monopoly

7584. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
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A. Comparative Edge

B. Complete Advantage

C. Relative Advantage

D. Comparative Advantage

7585. Term the enterprise or organization which is managed by those who use its facilities or services ?
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A. Limited company

B. Corporation

C. Cooperative

D. Society

7586. What is called a Tax on imports, exports ?
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A. Excise

B. Drawback

C. Duty

D. Custom

7587. Which kind of Tax is Federal subject ?
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A. Excise Tax

B. General Sales Tax

C. Zakat

D. Property Tax

7588. The term real wage means the money wage ?
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A. allowing for change in prices.

B. plus, overtime payments.

C. after tax

D. Plus, benefits in kind

7589. The branch of economics Microeconomics deals with______________?
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A. small units, including individual companies and small group of consumers

B. Economics of stock market

C. Economics of provinces

D. Economics of homes

7590. A payment is made in return for some transference of privilege. What this payment is called ?
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A. Rent

B. Share

C. Intellectual royalty

D. Royalty

7591. Which of the following would increase national income ?
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A. Increase in savings

B. Increase in taxation

C. Increase in govt. spending

D. Decrease in consumption spending

7592. Name the company in which the liability of the shareholders is limited to the amount of their shares ?
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A. Limited company

B. Cooperative

C. Corporation

D. Incorporation

7593. Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called ?
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A. Top brass

B. Board of Governor

C. Board of Directors

D. Management

7594. How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?
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A. Total loss

B. Bankruptcy

C. Crash

D. Default

7595. What is called degree of buyers responsiveness to price changes ?
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A. Production & Supply

B. Demand & Supply

C. Demand push Supply

D. Demand pull supply

7596. Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?
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A. Wall Street

B. National Association of Securities Dealers Automatic Quotation system (Nasdaq)

C. New York Stock Exchange

D. Nikkei Stock Average

7597. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?
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A. Supply and Demand theory

B. Fundamental theory

C. Ricardos theory

D. Cost push theory

7598. Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
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A. Free market economy

B. Liberal market economy

C. Open market economy

D. Laissez faire also Laisser faire

7599. Mention the theory of inflation or price increase that results from so-called excess demand ?
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A. Demand curve theory

B. Demand push inflation

C. Demand-pull inflation

D. Cost-push inflation

7600. Barter is the trade of goods or services with ?
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A. exchange of services

B. free exchange of money

C. exchange of goods and services

D. None of them

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