economics MCQs – Page 9

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 Review each marked answer and report any item that may be outdated or unclear.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

161. Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?
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A. Ban

B. Contraband

C. Embargo

D. Restriction

162. The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
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A. Copyright

B. Property right

C. Right

D. Sole right

163. What do you understand by Laissez faire ?
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A. Sound commercial affairs

B. None of these

C. Interference by the state in law and order

D. Active intervention

164. What is called the acquisition abroad of physical assets with operating control that resides in parent corporation ?
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A. Foreign Investment

B. Fixed Direct Investment

C. Remote Foreign Investment

D. Foreign Direct Investment (FDI)

165. Trade between two countries can be useful if cost ratios of goods are ?
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A. Decreasing

B. Equal

C. Different

D. Undetermined

166. The balance of payment is ?
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A. Shortfall in budget

B. Total liabilities of a nation

C. Balance between a nations expenditure on imports and its receipts from exports

D. Total sum a state owned

167. Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
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A. Prize

B. Gift

C. Overtime

D. Bonus

168. What is called the price that a potential buyer is willing to pay for a security ?
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A. Quote price

B. None of these

C. Offer price

D. Bid

169. Forex stands for ?
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A. Foreign exchange

B. Foreign exports

C. None of these

D. For examine

170. What can a government do to increase demand in its economy ?
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A. Reduce its expenditure

B. Budget for a surplus

C. Cut taxes

D. Encourage savings

171. What is called a countrys decision to allow its currency value to change freely?
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A. Floating exchange rate

B. Liberal exchanged rate

C. Pegged exchange rate

D. Open exchange rate

172. Which country is the chief exporter of coffee?
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A. USA

B. Mexico

C. Brazil

D. Australia

173. What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?
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A. Close-trade zone

B. Free trade zone

C. Both of them

D. None of them

174. The term real wage means the money wage ?
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A. Plus, benefits in kind

B. allowing for change in prices.

C. after tax

D. plus, overtime payments.

175. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?
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A. Price fixing

B. Price choosing

C. Price indexing

D. Price index

176. How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?
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A. Market Economy

B. Harvard Group

C. Keynesian

D. London Group

177. Inflation means ?
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A. Rise in general price index

B. Rise in budget deficit

C. Reflection

D. Rise in money supply

178. What is called interest payments plus repayments of principal to creditors ?
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A. Debt retirement

B. Debt service

C. Payback

D. Debt relief

179. What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ?
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A. Foreign bank

B. International Bank

C. Multinational Bank

D. Eurobank

180. Which is most likely to cause a more even distribution of income ?
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A. An increase in indirect taxes

B. An increase in managers salaries

C. An increase in the rate of inflation

D. An increase in progressive taxation

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