economics MCQs – Page 449

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 Review each marked answer and report any item that may be outdated or unclear.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

8961. When a oligopolist individually chooses its level of production to maximize its profits it charges a price that is ?
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A. less than the price charged by a monopoly and more than the price charged by a competitive market

B. more than the price charged by a monopoly and less then the price charged by a competitive market

C. more than the price charged by either monopoly or a competitive market

D. less than the price charged by either monopoly or a competitive market

8962. A market structure in which many firms sell products that are similar but not identical is known as ?
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A. perfect competition

B. monopoly

C. oligopoly

D. monopolistic competition

8963. In cartels ?
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A. Each individual firm profit maximizes

B. The industry as a whole is loss making

C. There is no need to police agreements

D. There may be an incentive to cheat

8964. Laws that make it illegal for firms to conspire to raise prices or reduce production are known as ?
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A. pro-competition laws

B. antimonopoly laws

C. antitrust laws

D. all of these answers

E. anti-collusion laws

8965. Firms in oligopoly are likely to ?
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A. Try to be a price maker

B. Invest heavily in branding

C. Act independently of other firms

D. Try to differentiate its products

8966. In a cartel ?
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A. Price wars are common

B. Firms collude

C. Firms use price to win market share from competitors

D. Firms compete against each other

8967. If a few firms dominate an industry the market is known as ?
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A. Duopoly

B. monopolistic competition

C. Oligopoly

D. Competitively monopolistic

8968. As the number of sellers in an oligopoly increases ?
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A. output in the market tends to fall because each firm must cut back on production

B. The price in the market moves closer to marginal cost

C. collusion is more likely to occur because a larger number of firms can place pressure on any firm that defects

D. the price in the market moves further from marginal cost

8969. As the number of sellers in an oligopoly grows larger, an oligopolistic market looks more like ?
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A. a collusion solution

B. monopoly

C. monopolistic competition

D. a competitive market

8970. The agro based industry is ?
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A. Woodwork

B. Dairy farms

C. Iron work

D. Carpets

8971. Space Satellite Badr II was launched on December 10, 2001 when Pakistan launched Pak Sat I ?
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A. 25-Dec-02

B. 15-Feb-03

C. January 25, 2003

D. 29-Dec-02

8972. Which Pakistani city is famous for high quality sports equipment ?
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A. Sialkot

B. Lahore

C. Gujranwala

D. Chiniot

8973. When did Pakistan Meteorological Department Successfully experimented artificial rainfall in Thar (Sindh) ?
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A. 13-Jul-00

B. 15-Sep-01

C. August 3, 2000

D. 15-Aug-00

8974. The ratio of Industrial progress in the country is ?
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A. 8.6%

B. 6.20%

C. 5.40%

D. 4.30%

8975. Sialkot is also famous for Saddles & ?
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A. agriculture machinery

B. harvesters

C. musical instruments

D. paper manufacturing

8976. During the fiscal year 2009-10 gross fixed capital formation or domestic investment grew by ?
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A. 9.20%

B. 19.80%

C. 11.50%

D. 10.3%

8977. Surgical instruments are made in ?
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A. Sialkot

B. Wazirabad

C. Lahore

D. Gujranwala

8978. The Wah is famous for ?
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A. Ordnance factory

B. Mughal Garden

C. Both of them

D. None of them

8979. Which of the following is Cottage Industry ?
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A. Cement

B. Textile

C. Handicraft

D. Sugar

8980. The biggest Industry of Pakistan is ?
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A. Sugar

B. Textile

C. cement

D. Paper

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