economics MCQs – Page 383

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 Review each marked answer and report any item that may be outdated or unclear.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

7641. Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price ?
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A. Guarantee

B. Repo

C. Redemption

D. Repurchase arrangements

7642. Downsizing is______________?
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A. to make in a smaller size

B. to make in a actual size

C. to make in a half size

D. None of the above

7643. Open market Operation is ?
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A. Buying and selling foreign exchanges

B. Buying and selling shares of companies

C. Buying and selling bills of exchange

D. Buying and Selling govt. securities

7644. Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ?
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A. LAFO (last in first out)

B. FIFO (first in first out)

C. First come First serve

D. None of these

7645. Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?
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A. All of these

B. Four Dragons

C. Four Tigers

D. Little Tigers

7646. Term a film that is engaged in two or more unrelated businesses ?
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A. giant

B. Incorporation

C. Multinational

D. Conglomerate

7647. Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________?
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A. None of these

B. Hard asset

C. Liquid asset

D. Solid asset

7648. Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ?
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A. Price battle

B. Price support

C. Price war

D. Price competition

7649. The term Mark-up refers to________________?
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A. Rise in the price of an item for sale

B. An amount added to cost price in calculating selling price

C. Both of them

D. All of them

7650. A piece of land and whatever physical property is on it is called?
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A. Unmovable property

B. Property

C. Solid asset

D. Real estate

7651. A central bank or monetary authority hold foreign currency for the purpose of exchange intervention and the settlement of intergovernmental claims. Term the currency ?
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A. Hot currency

B. Reserve currency

C. Hard currency

D. Pegged currency

7652. What is sales tax_____________?
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A. Tax deducted at source

B. Tax on gross sale

C. Levied on the retail price of merchandise and collected by retailer

D. Tax on local produce

7653. What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ?
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A. Protectionism

B. Domestication

C. National interest

D. Localization

7654. How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?
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A. Keynesian

B. Harvard Group

C. London Group

D. Market Economy

7655. What is the cost effective ?
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A. Cheap things

B. Substandard things

C. Economical in terms of the goods or services received for the money spent

D. Free in terms of the goods or services received for the money spent

7656. Goods that satisfy human wants though their direct use or consumption are called______________?
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A. consumer goods

B. cash items

C. consumer items

D. cash goods

7657. Term the group of countries that have removed all restrictions on trade among themselves?
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A. Close-Trade zone

B. Free-trade zone

C. Both of them

D. None of them

7658. A stock that sells at a high price because of public confidence in its long record of steady earnings is called ?
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A. An extremely valuable asset or property

B. Blue chip

C. Blue Chipper

D. All of these

7659. What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ?
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A. National economic risk

B. Foreign exchange risk

C. Country economic risk

D. Country finance risk

7660. Goods and monies from which future income can be derived is called ?
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A. Capital

B. Holdings

C. Assets

D. Net assets

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