economics MCQs – Page 381

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 Review each marked answer and report any item that may be outdated or unclear.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

7601. Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?
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A. A precise list or enumeration of financial transactions

B. Money deposited for checking savings or breakage use

C. A customer having business or credit relationship with a firm

D. All of these

7602. Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ?
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A. Encroachment

B. Monopoly

C. Unipolarity

D. Monotony

7603. China is the chief exporter of_______________?
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A. Rice

B. Rubber

C. Gold

D. Manganeses

7604. Which of the following is not an instrument of monetary policy ?
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A. Open-market operations

B. Bank rate

C. Taxation

D. Credit rationing

7605. What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?
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A. Economic Cycle

B. Business Cycle

C. Cycle Business

D. Complete Cycle

7606. Of which minerals chief exporter is Mexico ?
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A. Tin

B. Gold

C. Silver

D. Aluminum

7607. The French term Bourse refers to_________________?
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A. A big company

B. Stock market

C. A multinational company

D. Joint-stock

7608. There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called?
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A. Bilateral arrangement

B. common interest

C. Mutual arrangement

D. Quid Pro quo

7609. What are called goods that satisfy human wants through their direct use ?
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A. cash goods

B. cash items

C. consumer goods

D. consumer items

7610. What is called the price that a potential buyer is willing to pay for a security ?
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A. Bid

B. None of these

C. Quote price

D. Offer price

7611. What is called the difference in the money value between exports and imports during the specific period of time ?
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A. Balance of payment

B. Balance of trade

C. Terms of trade

D. Balance sheet

7612. Which of the following is Price of the last transaction of a particular stock completed during a days trading session on an exchange ?
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A. Night Price

B. Closing Price

C. Final price

D. End price

7613. A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called?
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A. Demand draft

B. Bill of Intent

C. Invoice

D. Draft

7614. What is more likely to be found in a free market economy than in a planned economy ?
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A. full employment of labor

B. an incentive to innovate

C. a wide range of public goods

D. an even distribution of income

7615. The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates ?
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A. Atlas method of exchange rate

B. Open market exchange rate

C. Free market exchange rate

D. Breton Wood method

7616. A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ?
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A. Fixed property

B. Unmovable asset

C. Fixed asset

D. Production line

7617. Which of the following is indicated by the term unemployed ?
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A. Inadequately employed

B. Employed only part time when one needs full time employment

C. Note fully used or employed

D. All of them

7618. What is Debt Service ?
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A. Interest payments on external debts

B. repayments of external debt

C. none of these

D. Both of them

7619. Which of the following is referred by principle ?
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A. Total amount of money being borrowed or lent

B. Party affected by agent decision in a principal agent relationship

C. Both of them

D. None of them

7620. By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process ?
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A. Registering

B. Going public

C. Public offering

D. Debuting

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