economics MCQs – Page 6

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 Review each marked answer and report any item that may be outdated or unclear.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

101. When banks prepare their balance sheets. They show the money lent in ?
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A. Liability

B. Assets

C. Both assets and liabilities

D. None

102. 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. Child company

B. Baby company

C. Subsidiary

D. Small holding

103. What is called a place of work where all workers within a section must belong to a single official recognized trade union ?
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A. Monopolized area

B. Monopolized shop

C. Monopolized market

D. Closed shop

104. Government policy about exports and imports is called ?
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A. Fiscal policy

B. Finance policy

C. Monetary policy

D. Commercial policy

105. In which capacity does a person stand to gain from deflation ?
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A. As a debtor

B. As an equity-holder

C. As a pensioner

D. As an entrepreneur

106. The term Cartel refers to ?
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A. All of the above

B. Unity of parties, factions or nations in a common cause

C. An official agreement between governments at war, especially for exchange of prisoners

D. A combination of firms for business purposes

107. The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?
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A. Insignia

B. Patent mark

C. Identification mark

D. Trade Mark

108. Which of the following is not required while computing Gross National Product (GNP) ?
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A. Per capita income of citizens

B. Private investment

C. None of the above

D. Net foreign investment

109. Term a film that is engaged in two or more unrelated businesses ?
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A. Multinational

B. Incorporation

C. giant

D. Conglomerate

110. Which country is the chief exporter Aluminum?
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A. USA

B. Britain

C. France

D. Germany

111. Term bond are bonds whose principle is payable at maturity. What does mean by Term certificate?
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A. A certificate of deposit whose principal is payable at maturity

B. A bond with a longer time to maturity

C. certificate of deposit with a longer time to maturity

D. A certificate of deposit with a shorter time to maturity

112. What is referred by cost push inflation ?
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A. Decreased production costs drive prices up

B. increased production costs drive prices up

C. Decreased production costs drive prices down

D. increased production costs drive prices down

113. Pakistan follows the policy of_______________?
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A. Increasing exchange rate

B. controlled exchange rate

C. Fixed exchange rate

D. Flexible exchange rate

114. Which is the most widely used tool of monetary policy ?
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A. Clearing house

B. Discount rate

C. Open-market operations

D. Issuing of notes

115. Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ?
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A. Papers of Landing

B. Letter of Credit

C. Letter of intent

D. Letter of Expression

116. 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?
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A. Comparative Advantage

B. Comparative Edge

C. Complete Advantage

D. Relative Advantage

117. The intermediary agent in the purchase and sale of any good is known as ?
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A. Commission agent

B. Broker

C. Dealer

D. Agent

118. What are called goods that satisfy human wants through their direct use ?
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A. cash items

B. consumer goods

C. cash goods

D. consumer items

119. What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?
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A. Floor price

B. Fixed price

C. Bid price

D. Basic price

120. The smallest unit of ownership of a company is______________?
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A. Invest

B. Capital

C. A debenture

D. A share

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