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
201. Of which minerals chief exporter is Mexico ?
comments icon0

A. Aluminum

B. Tin

C. Gold

D. Silver
202. What meant by excise ?
comments icon0

A. A tax levied on certain articles produced and consumed in a country

B. A licensing charge or a fee levied for certain privileges

C. Both of these

D. None of the above

203. Name the company in which the liability of the shareholders is limited to the amount of their shares ?
comments icon0

A. Corporation

B. Incorporation

C. Limited company

D. Cooperative

204. What is called the rules of laws which governs the internal affairs of an organization ?
comments icon0

A. Internal Laws

B. Corporate Laws

C. Secondary Laws

D. By laws
205. Downsizing is______________?
comments icon0

A. to make in a half size

B. to make in a smaller size

C. to make in a actual size

D. None of the above

206. Which minerals chief exporter is Russia?
comments icon0

A. Rubber

B. Silver

C. Manganese

D. Gold

207. Central banks rate of lending to commercial banks is called ?
comments icon0

A. Discount rate

B. Money rate

C. Interest rate

D. Control rate
208. What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
comments icon0

A. Assembly line

B. Production line

C. Both of them

D. None of them

209. An essential attribute of inflation is ?
comments icon0
A. Increase in prices

B. None of these

C. Fall in production

D. Stagflation

210. Which of the following is referred by the phrase trade balance ?
comments icon0
A. Difference between imports and exports

B. All of them

C. Income from imports

D. Income from export

211. An organization plans the use of its fund during a 12-month period. What is this period called ?
comments icon0
A. Fiscal year (FY)

B. Year unit

C. Calendar year

D. Fiscal period

212. Which of the following would increase national income ?
comments icon0

A. Increase in taxation

B. Increase in savings

C. Decrease in consumption spending

D. Increase in govt. spending
213. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
comments icon0
A. Comparative Advantage

B. Comparative Edge

C. Complete Advantage

D. Relative Advantage

214. The term Mark-up refers to________________?
comments icon0

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

215. There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?
comments icon0

A. Back market

B. Open market

C. Grey market

D. Over-the counter (OTC)
216. USA is the chief exporter of_________________?
comments icon0

A. Iron Ore

B. Wheat

C. Both of these

D. None of these

217. Open market Operation is ?
comments icon0

A. Buying and selling foreign exchanges

B. Buying and Selling govt. securities

C. Buying and selling shares of companies

D. Buying and selling bills of exchange

218. What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?
comments icon0
A. Demand pulls

B. Cost pull

C. Demand supply

D. Demand push

219. Downsizing is ?
comments icon0

A. None of these

B. To make in half size

C. to make in actual size

D. to make in a smaller size
220. The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
comments icon0

A. Hire and Fire

B. Freight

C. Transportation Changes

D. Rent

221. Term a large payment to a senior employee who is forced into retirement or fired as a result of takeover or similar development ?
comments icon0

A. Friendly handshake

B. Golden bonus

C. Golden shake hand

D. Golden handshake
222. Goods that satisfy human wants though their direct use or consumption are called______________?
comments icon0
A. consumer goods

B. consumer items

C. cash items

D. cash goods

223. The term Remittance refers to_______________?
comments icon0

A. Sending of money to someone at distance

B. The sum of money sent

C. Both of them

D. None of them

224. What is a Debenture ?
comments icon0

A. None of these

B. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period

C. Certificate for the preference share

D. Certificate for the investment in shares

225. Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ?
comments icon0

A. Price battle

B. Price support

C. Price war

D. Price competition

226. What is write-Off?
comments icon0

A. None of these

B. To withdraw

C. Charging an asset amount to expense of loss

D. To forget

227. In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ?
comments icon0

A. Bribe

B. kickback

C. Commission

D. Graft

228. How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?
comments icon0

A. Human Development Index (HDI)

B. Complete Price Index (CPI)

C. Comparative Price Index (CPI)

D. Consumer Price Index (CPI)

229. Which of the following is indicated by the term unemployed ?
comments icon0

A. Employed only part time when one needs full time employment

B. Note fully used or employed

C. Inadequately employed

D. All of them
230. Which of the following are bonds that are not registered on the books of the issuer ?
comments icon0

A. Blank bond

B. Bearer bond

C. Open bond

D. Term bond

231. What is called a countrys total financial obligations to the rest of the world ?
comments icon0
A. External debt

B. National liabilities

C. Debt burden

D. Total dept

232. Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?
comments icon0

A. Value addition

B. Excise

C. Value added

D. Tax on stage

233. Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?
comments icon0

A. Liberalism

B. Free market economy

C. Socialism

D. Capitalism
234. Investment funds are established for the supports of institutions such as hospitals investment is called ?
comments icon0

A. Attached funds

B. Investment fund

C. Endowment funds

D. Charity funds

235. Indemnity is_______________?
comments icon0

A. Compensation for damages loss, or injury suffered

B. A legal exemption from liability for damages

C. Security against damages loss, or injury

D. All of these
236. Who among the following is most benefited from inflation ?
comments icon0
A. Debtors

B. Savings Bank Account holders

C. Creditors

D. Government pensioners

237. Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ?
comments icon0

A. Major Index

B. Nikki Index

C. NASDAQ

D. Dow Jones Index
238. Term the body of goods and monies from which future income can be derived ?
comments icon0
A. Capital

B. Solid asset

C. Net assets

D. Holdings

239. 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 ?
comments icon0

A. Currency value

B. Currency value

C. Currency exchange

D. Exchange rate
240. Possibility of negative events or changes in the business climate of country is called?
comments icon0

A. National risk

B. Political risk

C. Domestic risk

D. Country risk

241. What does mean by Franchise__________________?
comments icon0
A. All of the above

B. Authorization granted to someone to sell or distribute a companys goods or service in certain area

C. A privilege or right officially granted by a person or group by a government

D. Territory or limits within which immunity, privilege or right may be exercised

242. An act of altering of a written or printed document with intentions of deceiving anyone is called________?
comments icon0

A. Fraudulent

B. Forgery

C. Fraud

D. Cheating

243. Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
comments icon0

A. Open market economy

B. Liberal market economy

C. Free market economy

D. Laissez faire also Laisser faire
244. What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?
comments icon0

A. Managed economy

B. Prudent development

C. Sustainable development

D. None of these

245. What is called that executive who is brought in to turn a company around and make it profitable ?
comments icon0

A. Super manager

B. Company doctor

C. Manager doctor

D. Savior

246. What is called the reduction in the rate of a currency
comments icon0

A. Price cap

B. Devolution

C. Cut-rate

D. Devaluation
247. Which money is called Earnest Money ?
comments icon0

A. Advanced payment to bind a contract or bargain

B. A token of something to come

C. A promise or assurance

D. All of these
248. The branch banking system is in vogue in most countries of the world. In which country was it first developed?
comments icon0
A. UK

B. Canada

C. Australia

D. South Africa

249. A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?
comments icon0

A. Pledge

B. Assurance

C. Guaranty

D. Collateral
250. Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?
comments icon0

A. None of these

B. Wealth tax

C. Income tax

D. Withholding tax