economics Mcqs
1. the national economy2. profit maximizing under perfect competition and monopoly3. application of economics4. the aggregate demand aggregate supply model5. surplus6. money interest rates and output7. average and total cost8. stabilization adjustment reform and privatization9. risks and diversification efficient market hypothesis10. the phillips curve11. supply and demand12. capital formation investment choice information technology and technical progress13. aggregate supply unemployment and inflation14. elasticity15. comparative gdp16. roots of modern macroeconomics17. production factors18. poverty malnutrition and income inequality19. trade regulations and industrial policies20. monetary union21. exchange rate systems and currency crises22. economic development in historical perspective23. exchange rate determination24. monopoly competition25. the balance of payments26. inflation productivity27. macroeconomic issues and analysis28. employment migration and urbanization29. macroeconomic policy tools30. supply side policies31. exchange rate adjustments and the balance of32. miscellaneous33. taxation34. trade policies for the developing nations35. markets efficiency and the public interest36. the external debt and financial crises37. budget deficits and the trade balance38. alternative theories of the firm39. public goods40. the meaning and measurement of economic development41. characteristics and institutions of developing countries42. agriculture irrigation system of pakistan43. education health and human capital44. economic problems of developing countries45. theories of economic development46. basic of economics47. consumer theory vs real consumers48. applied microeconomics49. long term economic growth50. externality internality51. fiscal and monetary policy52. prices wages taxes53. balance of payments aid and foreign investment54. international factor movements and multinational corporations55. entrepreneurship organization and innovation56. the international economy and globalization57. population and development58. non tariff trade barriers59. foundations of modern trade theory60. global economic development61. market62. rural poverty and agricultural transformation63. regional trading arrangements64. foreign exchange65. introduction to economics66. world economy miscellaneous67. sources of comparative advantage68. natural resources and the environment toward sustainable development69. monopoly70. asymmetric information71. income inequality72. labour market73. tariffs74. development planning and policy making the state and the market75. oligopoly76. industrial development77. costs supply and perfect competition78. human capital79. monetary fiscal and incomes policy and inflation80. stocks
151. When aggregate supply exceeds aggregate demand ?
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A. Unemployment exists

B. Price of consumer goods rise

C. People save more than they intended to save

D. Business inventory accumulate
152. Balance of sheet is understood as ?
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A. Performance of a company

B. Profit in a year

C. Accurate economic position

D. Statements of accounts that shows debit and credit accounts under the broad heads
153. What is measured by Gross domestic product (GDP)?
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A. Value of all economic activity within nations border

B. Economic activity of federal government

C. Economic output of a country

D. None of these

154. In Planned economy Production and distribution of Wealth is under control of_____________?
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A. Private sector

B. None of the above

C. Bank

D. Government

155. Which of the following is known as foreign exchange ?
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A. Transaction of International monetary business

B. Negotiable bills drawn in one country to be paid in another country

C. Both of them

D. None of them

156. Which of the following must always balance ?
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A. Balance of invisible trade

B. Balance of payments

C. Balance of visible trade

D. Balance on the current account

157. A long-term asset, such as land or building is termed as ?
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A. solid capital

B. solid asset

C. capital asset

D. Future asset

158. 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. Country finance risk

C. Foreign exchange risk

D. Country economic risk

159. Goods and monies from which future income can be derived is called ?
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A. Net assets

B. Assets

C. Capital

D. Holdings

160. 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. Debuting

B. Registering

C. Going public

D. Public offering
161. Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?
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A. Ban

B. Contraband

C. Embargo

D. Restriction

162. The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
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A. Copyright

B. Property right

C. Right

D. Sole right

163. What do you understand by Laissez faire ?
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A. Sound commercial affairs

B. None of these

C. Interference by the state in law and order

D. Active intervention

164. What is called the acquisition abroad of physical assets with operating control that resides in parent corporation ?
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A. Foreign Investment

B. Fixed Direct Investment

C. Remote Foreign Investment

D. Foreign Direct Investment (FDI)
165. Trade between two countries can be useful if cost ratios of goods are ?
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A. Decreasing

B. Equal

C. Different

D. Undetermined

166. The balance of payment is ?
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A. Shortfall in budget

B. Total liabilities of a nation

C. Balance between a nations expenditure on imports and its receipts from exports

D. Total sum a state owned

167. Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
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A. Prize

B. Gift

C. Overtime

D. Bonus
168. What is called the price that a potential buyer is willing to pay for a security ?
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A. Quote price

B. None of these

C. Offer price

D. Bid
169. Forex stands for ?
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A. Foreign exchange

B. Foreign exports

C. None of these

D. For examine

170. What can a government do to increase demand in its economy ?
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A. Reduce its expenditure

B. Budget for a surplus

C. Cut taxes

D. Encourage savings

171. What is called a countrys decision to allow its currency value to change freely?
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A. Floating exchange rate

B. Liberal exchanged rate

C. Pegged exchange rate

D. Open exchange rate

172. Which country is the chief exporter of coffee?
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A. USA

B. Mexico

C. Brazil

D. Australia

173. What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?
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A. Close-trade zone

B. Free trade zone

C. Both of them

D. None of them

174. The term real wage means the money wage ?
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A. Plus, benefits in kind

B. allowing for change in prices.

C. after tax

D. plus, overtime payments.

175. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?
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A. Price fixing

B. Price choosing

C. Price indexing

D. Price index
176. 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. Market Economy

B. Harvard Group

C. Keynesian

D. London Group

177. Inflation means ?
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A. Rise in general price index

B. Rise in budget deficit

C. Reflection

D. Rise in money supply

178. What is called interest payments plus repayments of principal to creditors ?
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A. Debt retirement

B. Debt service

C. Payback

D. Debt relief

179. 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. Foreign bank

B. International Bank

C. Multinational Bank

D. Eurobank

180. Which is most likely to cause a more even distribution of income ?
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A. An increase in indirect taxes

B. An increase in managers salaries

C. An increase in the rate of inflation

D. An increase in progressive taxation
181. Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?
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A. Four Tigers

B. All of these

C. Little Tigers

D. Four Dragons

182. What term is given to unemployment caused by a downturn in the business cycle ?
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A. Temporary unemployment

B. Underemployment

C. Disguised unemployment

D. Cyclical unemployment
183. 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. Capital growth fund

B. Growth fund

C. Common fund

D. Stock fund

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

B. Copyright

C. rights

D. property right
185. Fiscal deficit in the budget means ?
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A. Revenue deficit plus the net borrowings of the government

B. Primary deficit minus capital deficit

C. Budgetary deficits plus the net borrowings of the government

D. Capital deficit plus revenue deficit

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

B. Solid asset

C. Real estate

D. Property

187. Barter is the trade of goods or services with ?
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A. exchange of goods and services

B. None of them

C. exchange of services

D. free exchange of money

188. To determine the correct level of GNP, it is necessary to ?
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A. To add up the value of semi-finished goods

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

C. To count all imports

D. Add up all savings

189. What is referred by the discount rate________________?
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A. Advance deduction of the interest in purchasing, selling or lending a commercial paper

B. State (central) Banks interest rate on loans to its member banks

C. Both of them

D. None of them

190. What is more likely to be found in a free market economy than in a planned economy ?
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A. an even distribution of income

B. full employment of labor

C. an incentive to innovate

D. a wide range of public goods

191. GNP includes ?
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A. A loan from ones parents

B. A brokers commission

C. A loan from a bank

D. Gifts and donations

192. If GNP of Pakistan rises. it will encourage ?
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A. Exports

B. Both

C. Imports

D. None

193. Point out the term for producer goods such as machinery that is used in production of commodities ?
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A. Capital goods

B. Capital assets

C. Hard capital

D. Running capital

194. 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. Pegged currency

B. Hot currency

C. Hard currency

D. Reserve currency
195. What is the cost effective ?
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A. Substandard things

B. Cheap things

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

D. Economical in terms of the goods or services received for the money spent
196. Deregulation is the reduction of governments role in controlling markets. Which of the following is result(s) of deregulation ?
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A. Lead to freer market

B. Lead to a more efficient marketplace

C. Both of them

D. None of them

197. What is called the crop which is grown for sale rather than the farmers own use ?
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A. Cash crop

B. Business Crop

C. Money Crop

D. Earning Crop

198. An outside professional conducts an examination of companys accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?
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A. Audit

B. Checking

C. Stock-taking

D. Accounting

199. The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
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A. Adam Smith

B. Adam Ricardo

C. David Ricardo

D. David Smith

200. Term the rules and particles that govern the management of an organization ?
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A. Internal laws

B. Character

C. Memorandum of articles

D. By laws