economics MCQs – Page 382

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 Review each marked answer and report any item that may be outdated or unclear.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

7621. Possibility of negative events or changes in the business climate of country is called?
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A. National risk

B. Country risk

C. Domestic risk

D. Political risk

7622. Hard currency is defined as ?
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A. Currency Which is used in times of war

B. Currency traded in foreign exchange market for which demand is persistently relative to the supply

C. None of these

D. Currency which loses its value very fast

7623. Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ?
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A. Papers of Landing

B. Letter of Credit

C. Letter of intent

D. Letter of Expression

7624. When banks prepare their balance sheets. They show the money lent in ?
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A. Liability

B. Assets

C. Both assets and liabilities

D. None

7625. The sum of total income received for the services of labor, land or capital in a country is called?
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A. National income

B. Gross domestic income

C. Gross national income

D. Gross domestic product

7626. What could a government do to correct the current account deficit ?
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A. Reduce the volume of exports

B. Reduce the repayment of loans

C. Reduce the deficit on the balance of trade

D. Reduce the surplus on the capital account

7627. Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?
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A. Floor price

B. Bid Price

C. Fixed price

D. Basic Price

7628. What is called interest payments plus repayments of principal to creditors ?
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A. Debt relief

B. Debt service

C. Payback

D. Debt retirement

7629. Name a default on debt and obligations by a major financial institution that disrupts the stability of the economic system ?
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A. Debt blast

B. Bad debt

C. Debt bomb

D. None of them

7630. Which money is called Earnest Money ?
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A. A promise or assurance

B. Advanced payment to bind a contract or bargain

C. All of these

D. A token of something to come

7631. What is Debt retirement______________?
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A. To repay debt in easy installments

B. To reschedule debt

C. The complete repayment of debt

D. To write off debt

7632. Term bond are bonds whose principle is payable at maturity. What does mean by Term certificate?
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A. A certificate of deposit whose principal is payable at maturity

B. A certificate of deposit with a shorter time to maturity

C. certificate of deposit with a longer time to maturity

D. A bond with a longer time to maturity

7633. Name a corporation that owns enough voting stock in another firm to control management and operations by influencing of electing its board of directors ?
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A. joint company

B. Holding company

C. Father company

D. Mother company

7634. What is write-Off?
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A. Charging an asset amount to expense of loss

B. None of these

C. To forget

D. To withdraw

7635. Which is the best measure of economic growth of a country ?
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A. Net revenue

B. GDP

C. None of the above

D. GNP

7636. Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ?
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A. Growth fund

B. Capital growth fund

C. Stock fund

D. Common fund

7637. The term Cartel refers to ?
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A. An official agreement between governments at war, especially for exchange of prisoners

B. All of the above

C. Unity of parties, factions or nations in a common cause

D. A combination of firms for business purposes

7638. Term the sole legal right to print or publish anything that belongs to the author ?
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A. property right

B. Sole right

C. Copyright

D. rights

7639. Which minerals chief exporter is Russia?
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A. Gold

B. Manganese

C. Rubber

D. Silver

7640. What is Demand note ?
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A. Term deposit payable in lawful money upon demand

B. Cheque payable in lawful money upon demand

C. Draft payable in lawful money upon demand

D. Security payable in lawful money upon demand

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