basic of economics MCQs – Page 11

Practise focused basic of economics questions with marked answers for exam preparation and subject revision.

basic of economics Mcqs

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

202. Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?
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A. Capital drain

B. Free flow

C. Money flight

D. Capital flight

203. Which of the following is a price that is equal to the face value of a security ?
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A. None of them

B. Balanced

C. At Par

D. At Equilibrium

204. The Liquidity Trap condition occurs at a_______________?
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A. Very low rate of interest

B. Low rate of interest

C. High rate of interest

D. Very high rate of interest

205. Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity ?
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A. The market value of securities less any debt incurred and common stock and preferred stock

B. Funds provided to a business by the sale of stock

C. Both of them

D. None of them

206. Deregulation is the reduction of governments role in ?
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A. Controlling Banks

B. None of them

C. Controlling cooperation

D. Controlling markets

207. What is underwriter ?
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A. All of them

B. To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price

C. To sign so as to assume liability in case of specified losses

D. To assume financial responsibility for grantee against failure

208. Which of the following is referred by the Debt retirement ?
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A. To write-off debt

B. To repay debt in easy installments

C. The complete repayment of debt

D. To reschedule debt

209. What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
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A. Chartered corporation

B. Going legal

C. Incorporation

D. Book corporation

210. We measure national income by this method ?
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A. Product method

B. Income method

C. Expenditure method

D. All of the above

211. Which of the following is a withdraw from the circular flow income stream ?
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A. Taxation

B. Subsidies

C. Investment

D. Consumption

212. What is called the overall study of aspects and working of a national economy ?
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A. Gross economics

B. Macroeconomics

C. Mega economics

D. Micro economics

213. A tax which is paid by the person on whom the tax is incident is called a ?
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A. Rate

B. Direct tax

C. Indirect tax

D. Local tax

214. Who is called Father of Economics ?
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A. David smith

B. Adam Ricardo

C. Adam smith

D. David Ricardo

215. Malaysia is the chief exporter of ?
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A. Rubber

B. Tin

C. Diamond

D. Jute

216. Term the central market for buying and selling all kind of securities ?
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A. A multinational company

B. Joint stock

C. A big company

D. Stock Exchange

217. A detailed, itemized list, report or record or things in ones possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?
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A. Total obligation of a firm

B. List of stock a company own

C. List of assets of a corporation

D. An evaluation or a survey, as of abilities or resources

218. Government levy tax on imports and exports What this tax is called ?
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A. Tariff

B. Custom

C. Freight

D. Exercise Duty

219. In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?
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A. Family growth

B. Spreadsheet

C. Butterfly

D. Splinter

220. 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

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