MCQOPTIONS
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MCQOPTIONS
This section includes 406 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
What is called an internet strategy of dealing directly with business rather than consumer ? |
| A. | B2B |
| B. | Indirect contact |
| C. | Step by step |
| D. | Trickle down |
| Answer» B. Indirect contact | |
| 152. |
What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts? |
| A. | Liquidator |
| B. | Solicitor |
| C. | Receiver |
| D. | Agent |
| Answer» D. Agent | |
| 153. |
What is called degree of buyer’s responsiveness to price changes ? |
| A. | Production & Supply |
| B. | Demand push Supply |
| C. | Demand & Supply |
| D. | Demand pull supply |
| Answer» D. Demand pull supply | |
| 154. |
what is called an evaluation of credit quality of a company’s debt issued by Moody’s S&P and Fitch investors services ? |
| A. | Credit worthiness |
| B. | Credit Worth |
| C. | Credit line |
| D. | Ratings |
| Answer» E. | |
| 155. |
What is called an additional levy added to some charge ? |
| A. | Fine |
| B. | Surcharge |
| C. | Additional Charged |
| D. | Extra charges |
| Answer» E. | |
| 156. |
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ? |
| A. | Assembly line |
| B. | Production line |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 157. |
What is called amount of money to purchase the goods and services to maintain life ? |
| A. | Cost living |
| B. | Basic requirement |
| C. | Cost of life |
| D. | None of these |
| Answer» C. Cost of life | |
| 158. |
What is called a Tax on imports, exports ? |
| A. | Drawback |
| B. | Duty |
| C. | Custom |
| D. | Excise |
| Answer» C. Custom | |
| 159. |
What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ? |
| A. | Close-trade zone |
| B. | Free trade zone |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 160. |
What is called a place of work where all workers within a section must belong to a single official recognized trade union ? |
| A. | Monopolized shop |
| B. | Monopolized area |
| C. | Closed shop |
| D. | Monopolized market |
| Answer» D. Monopolized market | |
| 161. |
What is called a country’s total financial obligations to the rest of the world ? |
| A. | Total debt |
| B. | Debt burden |
| C. | National liabilities |
| D. | External debt |
| Answer» E. | |
| 162. |
What is called a country’s decision to allow its currency value to change freely? |
| A. | Pegged exchange rate |
| B. | Floating exchange rate |
| C. | Liberal exchanged rate |
| D. | Open exchange rate |
| Answer» C. Liberal exchanged rate | |
| 163. |
What is called a check that is returned by a bank because it is not payable, usually because of insufficient funds ? |
| A. | Bounce |
| B. | Return |
| C. | Grossed |
| D. | Refused |
| Answer» B. Return | |
| 164. |
What is artificial currency ? |
| A. | A currency substitutes |
| B. | Coins |
| C. | De-valued currency |
| D. | Silver |
| Answer» B. Coins | |
| 165. |
What is a Debenture ? |
| A. | Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period |
| B. | Certificate for the investment in shares |
| C. | Certificate for the preference share |
| D. | None of these |
| Answer» B. Certificate for the investment in shares | |
| 166. |
What does price elasticity of demand measure ? |
| A. | Changes in price caused by changes in demand |
| B. | The rate of change of sales |
| C. | The responsiveness of demand to price changes |
| D. | The value of sales at a given price |
| Answer» D. The value of sales at a given price | |
| 167. |
What does mean by Franchise__________________? |
| A. | A privilege or right officially granted by a person or group by a government |
| B. | Authorization granted to someone to sell or distribute a company’s goods or service in certain area |
| C. | Territory or limits within which immunity, privilege or right may be exercised |
| D. | All of the above |
| Answer» E. | |
| 168. |
What does mean by Deed________________? |
| A. | legal instrument used to grand a right |
| B. | Something done |
| C. | legal instrument |
| D. | none of the above |
| Answer» B. Something done | |
| 169. |
What does mean by ‘Emerging Markets ? |
| A. | Financial markets of developing economies |
| B. | Financial markets of East Europe’s economies |
| C. | Financial markets of Asian economies |
| D. | Financial markets of Latin America |
| Answer» B. Financial markets of East Europe’s economies | |
| 170. |
What do you understand by Laissez faire ? |
| A. | Active intervention |
| B. | Sound commercial affairs |
| C. | Interference by the state in law and order |
| D. | None of these |
| Answer» D. None of these | |
| 171. |
What could a government do to correct the current account deficit ? |
| A. | Reduce the deficit on the balance of trade |
| B. | Reduce the repayment of loans |
| C. | Reduce the surplus on the capital account |
| D. | Reduce the volume of exports |
| Answer» B. Reduce the repayment of loans | |
| 172. |
What can a central bank increase in order to reduce consumer borrowing ? |
| A. | commercial bank deposits |
| B. | government bank deposits |
| C. | government spending |
| D. | interest rates |
| E. | None of these |
| Answer» E. None of these | |
| 173. |
What can a government do to increase demand in its economy ? |
| A. | Budget for a surplus |
| B. | Cut taxes |
| C. | Encourage savings |
| D. | Reduce its expenditure |
| Answer» C. Encourage savings | |
| 174. |
What are called goods that satisfy human wants through their direct use ? |
| A. | cash goods |
| B. | consumer items |
| C. | consumer goods |
| D. | cash items |
| Answer» D. cash items | |
| 175. |
We measure national income by this method ? |
| A. | Expenditure method |
| B. | Income method |
| C. | Product method |
| D. | All of the above |
| Answer» E. | |
| 176. |
Velocity of circulation of money means ? |
| A. | The number of times a unit of money changes hands daily |
| B. | The number of times as unit of money changes hands monthly |
| C. | The number of times a unit of money changes hands annually |
| D. | The number of times a unit of money changes value |
| Answer» D. The number of times a unit of money changes value | |
| 177. |
USA is the chief exporter of_________________? |
| A. | Iron Ore |
| B. | Wheat |
| C. | Both of these |
| D. | None of these |
| Answer» D. None of these | |
| 178. |
USA is the chief exporter of ? |
| A. | Coal |
| B. | Copper |
| C. | Cotton |
| D. | All of these |
| Answer» E. | |
| 179. |
Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ? |
| A. | Grey market |
| B. | White market |
| C. | Red market |
| D. | Open market |
| Answer» B. White market | |
| 180. |
Two countries can gain from foreign trade if ? |
| A. | Cost ratios are different |
| B. | Tariff rates are different |
| C. | Price ratios are different |
| D. | A and C of above |
| Answer» E. | |
| 181. |
Treasury bill is used for_________________? |
| A. | Getting short term loans |
| B. | Getting long term loans |
| C. | Treasury bill in not credit instrument |
| D. | Treasury bill is a govt. tax bill |
| Answer» B. Getting long term loans | |
| 182. |
Transfer payments means ? |
| A. | Bank loans |
| B. | The payment without work |
| C. | Tax payments |
| D. | Payments made to all factors of production |
| Answer» C. Tax payments | |
| 183. |
Trade name is ? |
| A. | Used to identify a commercial product or service |
| B. | By which commodity service or process is known to trade |
| C. | Under which a business firm operates |
| D. | All of them |
| Answer» E. | |
| 184. |
Trade between two countries can be useful if cost ratios of goods are ? |
| A. | Equal |
| B. | Different |
| C. | Undetermined |
| D. | Decreasing |
| Answer» C. Undetermined | |
| 185. |
Total number of adults currently employed or actively seeking work in all economic sectors is known as ? |
| A. | Labor force |
| B. | Labor potential |
| C. | Work force |
| D. | All of them |
| Answer» B. Labor potential | |
| 186. |
To what does the phrase terms of trade refer ? |
| A. | the currency exchange rate |
| B. | the difference between the value of visible exports and visible imports |
| C. | The government’s policies to increase exports |
| D. | the rate at which exports are exchanged for imports |
| Answer» E. | |
| 187. |
To determine the correct level of GNP, it is necessary to ? |
| A. | To add up the values of goods and services for one year |
| B. | Add up all savings |
| C. | To count all imports |
| D. | To add up the value of semi-finished goods |
| Answer» B. Add up all savings | |
| 188. |
There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ? |
| A. | Currency exchange |
| B. | Currency value |
| C. | Currency value |
| D. | Exchange rate |
| Answer» E. | |
| 189. |
There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called? |
| A. | Mutual arrangement |
| B. | Quid Pro quo |
| C. | Bilateral arrangement |
| D. | common interest |
| Answer» C. Bilateral arrangement | |
| 190. |
There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ? |
| A. | Grey market |
| B. | Over-the counter (OTC) |
| C. | Open market |
| D. | Back market |
| Answer» C. Open market | |
| 191. |
There are certain products which are sold without brand name or trademark What these products are called ? |
| A. | Generic |
| B. | Forged goods |
| C. | Contraband |
| D. | Clean goods |
| Answer» B. Forged goods | |
| 192. |
Theory of comparative advantages was presented by ? |
| A. | Adam Smith |
| B. | Ricardo |
| C. | Hicks |
| D. | Barron |
| Answer» C. Hicks | |
| 193. |
The term technology refers to______________? |
| A. | Application of science to achieve a commercial or industrial objective |
| B. | Application of modern science in the country |
| C. | Science based know low |
| D. | All of these |
| Answer» B. Application of modern science in the country | |
| 194. |
The term Remittance refers to_______________? |
| A. | Sending of money to someone at distance |
| B. | The sum of money sent |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 195. |
The term ‘real wage’ means the money wage” ? |
| A. | after tax |
| B. | allowing for change in prices. |
| C. | Plus, benefits in kind |
| D. | plus, overtime payments. |
| Answer» C. Plus, benefits in kind | |
| 196. |
The term prospectus refers to______________? |
| A. | Formal summary of proposed project |
| B. | Document describing chief features of something for participants |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 197. |
The term Mark-up refers to________________? |
| A. | Rise in the price of an item for sale |
| B. | An amount added to cost price in calculating selling price |
| C. | Both of them |
| D. | All of them |
| Answer» D. All of them | |
| 198. |
The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term? |
| A. | To convert assets into cash |
| B. | Abolish |
| C. | Both of them |
| D. | All of them |
| Answer» D. All of them | |
| 199. |
The term “Dumping” means ? |
| A. | The sale of the sub-standard commodity |
| B. | Sale in a foreign market of a commodity at a price below marginal cost |
| C. | Sale in a foreign market of a commodity just at marginal cost without too much of profit |
| D. | Smuggling of goods without paying any customs duty |
| Answer» C. Sale in a foreign market of a commodity just at marginal cost without too much of profit | |
| 200. |
The term Cartel refers to ? |
| A. | A combination of firms for business purposes |
| B. | An official agreement between governments at war, especially for exchange of prisoners |
| C. | Unity of parties, factions or nations in a common cause |
| D. | All of the above |
| Answer» E. | |