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

B. Agent

C. Receiver

D. Liquidator

252. Free port is ?
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A. Where no expert or import duties are levied

B. Where no import duties are levied

C. Where no export duties are levied

D. Where everything can be import or export

253. The system under which a countrys currency is exchangeable for a fixed weight of gold on demand at central bank is called ?
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A. God standard system

B. None of the above

C. Bullion standard system

D. Gold based system

254. What is called the manipulation of the market by traders to create the illusion of active volume to attract investors ?
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A. Daisy chain

B. Illusion

C. Manipulated market

D. False market

255. What is called degree of buyers responsiveness to price changes ?
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A. Demand pull supply

B. Demand & Supply

C. Production & Supply

D. Demand push Supply

256. A share or an interest in an enterprise, especially a financial share, is called ?
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A. Partnership

B. Stake

C. None of these

D. Share holding

257. What does mean by Deed________________?
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A. legal instrument used to grand a right

B. Something done

C. legal instrument

D. none of the above

258. 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

259. What is Dumping ?
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A. Scale of goods in large quantities and at low price

B. Scale of goods in large quantities with High price

C. Scale of goods in large quantities with low quality

D. sale of goods in large quantities with high quality

260. Market in which forces of demand and supply are not in the control of government is called ?
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A. Market Economy

B. Free Market

C. Both of them

D. None of them

261. Which of the following is referred by principle ?
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A. Total amount of money being borrowed or lent

B. Party affected by agent decision in a principal agent relationship

C. Both of them

D. None of them

262. What is Debt retirement______________?
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A. The complete repayment of debt

B. To write off debt

C. To repay debt in easy installments

D. To reschedule debt

263. What is mortgage______________?
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A. Conveyance of property as security for debt

B. Guarantee for debt

C. Assurance of debt repayment

D. Conveyance of company security for debt

264. To what does the phrase terms of trade refer ?
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A. the rate at which exports are exchanged for imports

B. The governments policies to increase exports

C. the difference between the value of visible exports and visible imports

D. the currency exchange rate

265. What could a government do to correct the current account deficit ?
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A. Reduce the repayment of loans

B. Reduce the deficit on the balance of trade

C. Reduce the volume of exports

D. Reduce the surplus on the capital account

266. Which term is used for the value imprinted on a security ?
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A. Par value

B. Gross value

C. Net value

D. Real value

267. A countrys fundamental system of transportation, communications, and other aspects of its physical capabilities are called ?
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A. Basic structure

B. Fundamentals

C. Infrastructure

D. Basic infrastructure

268. China is the chief exporter of_______________?
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A. Rice

B. Manganeses

C. Rubber

D. Gold

269. Which of the following payment instruments introduced by the banks is known as plastic money ?
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A. Bearer cheques

B. Demand Drafts

C. Credit Cards

D. Gift Cheques

270. Debenture holders of a company are its_______________?
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A. Creditors

B. Shareholders

C. Directors

D. Debtors

271. Term a tax or duty rebate on imported goods that are exported at a later date ?
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A. Drawback

B. Custom

C. Duty

D. Rebut

272. Which of the following terms refers to income that is saved and not invested ?
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A. Profit

B. Capital

C. Deposit

D. Hoarding
273. Monetary policy is regulated by ?
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A. Central Bank

B. Private entrepreneurs

C. Money lenders

D. Government policy

274. Which of the following is Price of the last transaction of a particular stock completed during a days trading session on an exchange ?
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A. Night Price

B. Final price

C. End price

D. Closing Price
275. LIFO (last in, first out) means ?
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A. to make queue

B. items are removed in inverse order

C. make space for new production

D. turn by turn

276. Which of the following is not an instrument of monetary policy ?
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A. Open-market operations

B. Credit rationing

C. Bank rate

D. Taxation
277. The term Dumping means ?
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A. Sale in a foreign market of a commodity just at marginal cost without too much of profit

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

C. Smuggling of goods without paying any customs duty

D. The sale of the sub-standard commodity

278. The branch of economics Microeconomics deals with______________?
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A. small units, including individual companies and small group of consumers

B. Economics of provinces

C. Economics of stock market

D. Economics of homes

279. During a given period how the economic activity of a nation is measured?
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A. Gross National product (GNP)

B. Gross National output (GNO)

C. Gross Domestic Product (GOP)

D. Gross National Output

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

B. Divided Labor

C. Closed shop

D. Division of Labor
281. How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?
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A. Little Tigers

B. Four Dragons

C. All of these

D. Four Tigers
282. The French term Bourse refers to_________________?
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A. A big company

B. Stock market

C. A multinational company

D. Joint-stock

283. Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price ?
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A. Redemption

B. Repurchase arrangements

C. Guarantee

D. Repo
284. A companys first sale of stock to the public is called ?
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A. Initial Public Offering (IPO)

B. Going Public

C. Public Offering

D. First Public Offering

285. The term technology refers to______________?
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A. All of these

B. Application of modern science in the country

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

D. Science based know low

286. National income refers to ?
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A. Money value of stocks and shares of a country during a year.

B. Money value of goods and and services produced in a country during a year.

C. Money value of capital goods produced by a country during a year.

D. None of these

287. A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ?
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A. Production line

B. Fixed property

C. Unmovable asset

D. Fixed asset
288. Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ?
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A. an ageing population

B. a fall in living standards

C. an increase in population

D. a more youthful population

289. Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?
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A. Floor price

B. Basic Price

C. Fixed price

D. Bid Price

290. What is called the amount of non-military foreign aid which a country received ?
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A. Official Development Assistance (ODA)

B. Grands

C. Foreign aid

D. Friendly aid

291. Theory of comparative advantages was presented by ?
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A. Adam Smith

B. Ricardo

C. Hicks

D. Barron

292. What is Remittance_______________?
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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

293. 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. Corporation

B. Cooperative

C. Limited Company

D. Company

294. Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called ?
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A. Board of Governor

B. Top brass

C. Management

D. Board of Directors
295. 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

296. Which is the oldest stock exchange of the world ?
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A. London stock exchange

B. Tokyo stock exchange

C. None of them

D. New York stock exchange

297. Development means economics growth plus ?
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A. Deflation

B. Social change

C. Price stability

D. Inflation

298. Hard currency is defined as ?
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A. Currency which loses its value very fast

B. None of these

C. Currency Which is used in times of war

D. Currency traded in foreign exchange market for which demand is persistently relative to the supply
299. Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ?
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A. Gives in take

B. payment on Delivery

C. Cash on Delivery

D. Barter

300. How is termed the governments order to prevent the arrival or departure of merchant ships or to restrict import or export of specified or all goods with a foreign nation ?
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A. Embargo

B. Contraband

C. Ban

D. Restriction