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
351. What is called that market in which supply overwhelms demand ?
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A. Weak market

B. Bearish market

C. Deflated market

D. Depressed market
352. Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
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A. 6 million barrels per day, $60, $60 million

B. 8 million barrels per day, $40, $20 million

C. 4 million barrels per day, $80, $160 million

D. 2 million barrels per day, $100, $60 million

353. What is Euro ?
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A. Deposit outside ones home country but in the home country currency

B. European currency unit, introduced on Jan, 1 1999

C. Both of them

D. None of them

354. A budgetary deficit means ?
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A. Capital expenditure is more than capital revenue

B. Total expenditure is more than total revenue

C. Total expenditure is more than current revenue

D. Current expenditure is more than current revenue

355. Governmental non-interference in commerce is called ?
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A. Open market economy

B. Free market economy

C. Laissez faire also Laisser faire

D. Liberal market economy

356. A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?
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A. Multinational corporation

B. Multinational company

C. Both of them

D. None of them

357. Which money is called Hot money ?
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A. That moves across country borders in response to interest rate differences

B. That moves away when the interest rate differential

C. Both of them

D. None of them

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

B. Free Market

C. Both of them

D. None of them

359. What is called the difference in the value of a nations imports over exports or exports over imports ?
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A. Trade deficit

B. Trade simples

C. Both a & b

D. Not a nor b

360. Among the institutions and policies that have been created to support developing countries are?
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A. The Generalized System of Preferences

B. All of the above

C. the international Monetary Fund

D. the world Bank

361. Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ?
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A. Bad debt

B. Rolling debt

C. Rescheduling

D. Default
362. Interest that is calculated as a simple percentage of the original principal amount is called ?
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A. Compound interest

B. Easy interest

C. Simple interest

D. Market interest

363. Central bank of Pakistan is ________________?
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A. State Bank

B. National Bank

C. Both of them

D. None of them

364. Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
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A. Blind game

B. Risk covering

C. Speculation

D. Idealism

365. What is comprised by public sector ?
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A. All of them

B. Central and local government.

C. Nationalized industries

D. Public corporations

366. Which round of international trade negotiations resulted in the creation of the World Trade Organization ?
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A. Uruguay Round of 1986-1993

B. Doha Round of 2003-2007

C. Tokyo Round of 1973-1979

D. Kennedy Round of 1964-1967

367. What is referred by the by economic theory Liberalism ?
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A. The free market

B. Laissez faire

C. All of these

D. Gold standard

368. Inflation is ?
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A. None of the above

B. Lowering of purchasing power

C. Increase in the amount of circulating money

D. Decrease in the amount of circulation money

369. Pick out the generic term for the securities industry firms that buy sell and underwrite securities ?
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A. Yahoo index

B. NASDAQ

C. Nikkei index

D. Wall street
370. A tax on imports exports, or consumption goods is called ?
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A. Custom

B. Drawback

C. Excise

D. Duty
371. Common market is an agreement between two or more countries. What this agreement permits ?
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A. Free movement of capital and labor

B. Free movement of goods and services

C. Both of them

D. None of them

372. We measure national income by this method ?
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A. Income method

B. Expenditure method

C. Product method

D. All of the above
373. Quoted bid or highest price on inventor in willing to pay to buy a security is called ?
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A. Offer price

B. Market price

C. Bid price

D. Quote price

374. Which type of income is earned only the actor of production enterprise ?
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A. interest

B. Profit

C. rent

D. wages

375. The Generalized System of Preferences (GSP) program allows ?
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A. any advanced country to ignore the most favored-nation clause

B. developing country export to advanced countries to receive preferential tariff treatment

C. developing country imports from advanced countries to receive preferential tariff treatment

D. any developing country to ignore the most-favored nation clause

376. Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?
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A. more in elastic the target country supply scheduleB.

B. greater then available output from alternative suppliers

C. more elastic the target country demand schedule

D. lesser it initial dependence on foreign produce goods.

377. Which city in Germany has the distinction of housing the first car manufacturing plant in the world ?
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A. Frankfurt

B. Berlin

C. Bonn

D. Stuttgart

378. Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________?
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A. $100, 2 million barrels per day $60 million

B. $60, 6 million barrels per day, $20 million

C. $80, 4 million barrels per day $70 million

D. $40, 8 million barrels per day, $0 million
379. What does price elasticity of demand measure ?
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A. The responsiveness of demand to price changes

B. Changes in price caused by changes in demand

C. The value of sales at a given price

D. The rate of change of sales

380. How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?
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A. Liquid fund

B. Stock holding company

C. Mutual fund

D. combine fund

381. The strongest political pressure for a trade policy that results in higher protectionism comes from?
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A. domestic workers lobbying for import restriction

B. domestic consumers lobbying for import restrictions

C. domestic workers lobbying for export restrictions

D. domestic consumers lobbying for export restrictions

382. The organization that currently establishes rules of conduct for firms engaging in international trade is the ?
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A. International Trade Commission

B. Department of justice

C. World Bank

D. World Trade Organization
383. South Africa is the chief exporter of ?
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A. Diamond

B. Coffee

C. Gold

D. Copper

384. What is the period called 12-months plan of a country to use its funds ?
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A. Fiscal year (FY)

B. Calendar year

C. Year unit

D. Fiscal period

385. Mention the market for trading long-term debt instruments ?
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A. Capital market

B. Stock market

C. International market

D. Open market

386. The power of a bank to create credit is affected by ?
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A. The amount of cash available

B. The cash reserve requirement

C. The number of branches of a bank

D. A and B of above
387. What is called the overall study of aspects and working of a national economy ?
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A. Macroeconomics

B. Gross economics

C. Micro economics

D. Mega economics

388. To be considered a a good candidate for an export cartel, a commodity should ?
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A. be a primary product

B. be a manufactured goods

C. have high price elasticity of supply

D. have a low price elasticity of demand
389. The Peoples Republic of China ?
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A. has significantly increased its openness to international trade and foreign investment in recent decades

B. has always accounted for a significant share of international trade, given its very large population

C. has retained to the present time its strategy of import substitution as a source of economic growth

D. is the first of the East Asian countries to be recognized for a successful outward-oriented development strategy

390. Name the organization that is managed by those who use its facilities ?
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A. Limited Company

B. Cooperative

C. Corporation

D. Society

391. Who is insolvent_______________?
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A. A firm that is for sale

B. A firm that is unable to pay debts

C. A firm that is liquidated

D. A firm that has more liabilities than assets

392. USA is the chief exporter of ?
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A. Copper

B. Cotton

C. All of these

D. Coal

393. By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?
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A. None of these

B. Bankrupt

C. Foreclosure

D. Default

394. What is the meaning of the term stagflation ?
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A. Fall in prices due to less circulation of currency

B. High inflation rate combined with high unemployment and unchanged consume demand

C. None of these

D. Fall in employment due to declining production

395. A government program, social security is ?
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A. Economics assistance provided by social security

B. Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees

C. Both a & b

D. Nor a nor b

396. Which function is performed by both commercial banks and central banks ?
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A. Acting as bankers to the government

B. Fixing the main interest rate

C. Advising the government on monetary policy

D. Dealing in foreign exchange
397. India is the chief exporter of ?
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A. Rubber

B. Silver

C. Gold

D. Mica

398. Because supply and demand conditions for primary products are very price inelastic their prices ?
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A. have been steadily rising in recent decades

B. tend to be very unstable from year to year

C. have been more stable than the prices of manufactured goods

D. fluctuate about as much as the prices of manufactured goods

399. Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?
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A. overwhelming support for the deterioration hypothesis

B. overwhelming opposition to the deterioration hypothesis

C. None of the above

D. mixed evidence that does not substantiate the deterioration hypothesis
400. Which theory of economic management focuses on encouraging product through tax reduction ?
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A. Supervised market

B. Supply-side economics

C. Liberalism

D. Free market economics