economics MCQs – Page 386

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 Review each marked answer and report any item that may be outdated or unclear.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

7701. What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?
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A. Liquidator

B. Receiver

C. Solicitor

D. Agent

7702. The term Dumping means ?
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A. The sale of the sub-standard commodity

B. Smuggling of goods without paying any customs duty

C. Sale in a foreign market of a commodity at a price below marginal cost

D. Sale in a foreign market of a commodity just at marginal cost without too much of profit

7703. Investment funds are established for the supports of institutions such as hospitals investment is called ?
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A. Attached funds

B. Endowment funds

C. Charity funds

D. Investment fund

7704. To determine the correct level of GNP, it is necessary to ?
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A. Add up all savings

B. To add up the values of goods and services for one year

C. To count all imports

D. To add up the value of semi-finished goods

7705. What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?
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A. Managed economy

B. None of these

C. Prudent development

D. Sustainable development

7706. Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?
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A. Closed shop

B. Divided Labor

C. Open shop

D. Division of Labor

7707. Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?
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A. Parasite land

B. Hinterland

C. Dependent land

D. Country land

7708. The term technology refers to______________?
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A. Science based know low

B. Application of science to achieve a commercial or industrial objective

C. Application of modern science in the country

D. All of these

7709. What is Tariff ?
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A. tax that government levy on imports

B. tax that government levy on exports

C. Both of them

D. None of them

7710. Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?
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A. Trickle down

B. End benefit

C. Free market

D. Capitalism

7711. How is termed the balance of investment and return; in which investment and return are exactly equal ?
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A. Break even

B. Breakeven point

C. Both of them

D. None of them

7712. What is referred a group of companies that cooperate and share resources in order to achieve a common objective ?
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A. Incorporation

B. Pool

C. Consortium

D. Conglomerate

7713. What do you understand by Laissez faire ?
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A. Active intervention

B. Interference by the state in law and order

C. Sound commercial affairs

D. None of these

7714. Economic system in which the government owns and controls the means of production to benefit all the people is called ?
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A. Dictatorship

B. Capitalism

C. Socialism

D. Authoritarianism

7715. Which term is used for a bank account which can be operated at will ?
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A. Current account

B. Fixed account

C. Fluctuated account

D. Saving Account

7716. Term the covering of a short position by purchasing a long contract, usually resulting from the short of a commodity ?
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A. None of them

B. Drawback

C. Short-positioning

D. Buyback

7717. Term the body of goods and monies from which future income can be derived ?
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A. Capital

B. Net assets

C. Solid asset

D. Holdings

7718. What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?
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A. Easy trade

B. Free trade

C. Open sky trade

D. Open trade

7719. When stock market is falling it is_______________?
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A. Bullish

B. Fall down

C. Bearish

D. Crash

7720. There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?
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A. Exchange rate

B. Currency exchange

C. Currency value

D. Currency value

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