economics MCQs – Page 389

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 Review each marked answer and report any item that may be outdated or unclear.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

7761. Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?
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A. Cooperative

B. Corporation

C. Limited Company

D. Company

7762. The term Remittance refers to_______________?
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A. Sending of money to someone at distance

B. The sum of money sent

C. Both of them

D. None of them

7763. In which capacity does a person stand to gain from deflation ?
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A. As a pensioner

B. As a debtor

C. As an entrepreneur

D. As an equity-holder

7764. The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
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A. Rent

B. Freight

C. Hire and Fire

D. Transportation Changes

7765. Which of the following is called a wholly or partially owned company what is the part of the large corporation?
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A. Small holding

B. Baby company

C. Subsidiary

D. Child company

7766. Which of the following payment instruments introduced by the banks is known as plastic money ?
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A. Demand Drafts

B. Bearer cheques

C. Credit Cards

D. Gift Cheques

7767. Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ?
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A. a more youthful population

B. an ageing population

C. a fall in living standards

D. an increase in population

7768. Forex stands for ?
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A. For examine

B. Foreign exports

C. None of these

D. Foreign exchange

7769. By Which scale the value of all economic activity produced by a nation during a given period is measured ?
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A. Gross National output

B. Gross National Product (GNP)

C. Gross National output (GNO)

D. Gross Domestic Product (GOP)

7770. What is referred by interest ?
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A. payment made for the use of banks money

B. Share in profit

C. Payment made for the use of another persons money

D. Devaluation in the currency

7771. What is called the result of a states borrowing from its population, from foreign governments or from international institutions ?
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A. National debt

B. Public debt

C. Both of them

D. None of them

7772. Which country is the chief exporter of coffee?
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A. Brazil

B. USA

C. Mexico

D. Australia

7773. What is mortgage______________?
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A. Guarantee for debt

B. Conveyance of company security for debt

C. Assurance of debt repayment

D. Conveyance of property as security for debt

7774. Pakistan follows the policy of_______________?
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A. controlled exchange rate

B. Fixed exchange rate

C. Flexible exchange rate

D. Increasing exchange rate

7775. What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ?
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A. Multinational Bank

B. Foreign bank

C. International Bank

D. Eurobank

7776. Which of the following is true about the consumers optimum consumption bundle? At the optimum ?
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A. all of these answers are true

B. the slope of the indifference curve equals the slope of the budget constraint

C. none of these answers are true

D. the indifference curve is tangent to the budget constraint

E. the relative prices of the two goods equals the marginal rate of substitution

7777. Which of the following statements is not true with regard to the standard properties of indifference curves ?
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A. Indifference curves are downward sloping

B. Indifference curves do not cross each other

C. indifference curves are bowed outward

D. Higher indifference curve is preferred to lower ones

7778. If leisure is a normal good, an increase in the wage ?
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A. will always increase the quantity of labor supplied

B. will always decrease the amount of labor supplied

C. will increase the amount of labor supplied if the income effect outweighs the substitution effect

D. will increase the amount of labor supplied if the substitution effect outweighs the income effect

7779. The slope at any point on an indifference curve is known as ?
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A. the marginal rate of trade-off.

B. the marginal rate of substitution

C. the trade-off rates

D. the marginal rate of indifference

7780. The limit on the consumption bundles that a consumer can afford is known as ?
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A. the consumption limits

B. the marginal rate of substitution

C. an indifference curve

D. the budget constraint

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