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.
| 201. |
The system under which a country’s currency is exchangeable for a fixed weight of gold on demand at central bank is called ? |
| A. | God standard system |
| B. | Gold based system |
| C. | Bullion standard system |
| D. | None of the above |
| Answer» B. Gold based system | |
| 202. |
The sum of total income received for the services of labor, land or capital in a country is called? |
| A. | Gross domestic product |
| B. | National income |
| C. | Gross domestic income |
| D. | Gross national income |
| Answer» C. Gross domestic income | |
| 203. |
The standard of living in a country is represented by its ? |
| A. | National income |
| B. | Per capita income |
| C. | Poverty ratio |
| D. | None of these |
| Answer» C. Poverty ratio | |
| 204. |
The sole legal right to print or publish anything which belongs to the author or his assignees is called ? |
| A. | Property right |
| B. | Sole right |
| C. | Copyright |
| D. | Right |
| Answer» D. Right | |
| 205. |
The smallest unit of ownership of a company is______________? |
| A. | A share |
| B. | A debenture |
| C. | Invest |
| D. | Capital |
| Answer» B. A debenture | |
| 206. |
The situation with increasing unemployment and inflation is terms as ? |
| A. | Hyperinflation |
| B. | Reflection |
| C. | Stagflation |
| D. | Galloping |
| Answer» D. Galloping | |
| 207. |
The power of a bank to create credit is affected by ? |
| A. | The cash reserve requirement |
| B. | The amount of cash available |
| C. | The number of branches of a bank |
| D. | A and B of above |
| Answer» E. | |
| 208. |
The period of high inflation and low economic growth is termed as ? |
| A. | Stagnation |
| B. | Take-off stage in economy |
| C. | Stagflation |
| D. | None of these |
| Answer» D. None of these | |
| 209. |
The most industrialized country in Asia is ? |
| A. | Japan |
| B. | South Korea |
| C. | Taiwan |
| D. | Malaysia |
| Answer» B. South Korea | |
| 210. |
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 ? |
| A. | Insignia |
| B. | Patent mark |
| C. | Trade Mark |
| D. | Identification mark |
| Answer» D. Identification mark | |
| 211. |
The Liquidity Trap condition occurs at a_______________? |
| A. | Low rate of interest |
| B. | Very low rate of interest |
| C. | High rate of interest |
| D. | Very high rate of interest |
| Answer» C. High rate of interest | |
| 212. |
The intermediary agent in the purchase and sale of any good is known as ? |
| A. | Dealer |
| B. | Broker |
| C. | Agent |
| D. | Commission agent |
| Answer» C. Agent | |
| 213. |
The govt. can control inflation by______________? |
| A. | Increasing demand for goods |
| B. | Increasing supply of goods |
| C. | Increasing money supply |
| D. | Decreasing taxes |
| Answer» C. Increasing money supply | |
| 214. |
The French term Bourse refers to_________________? |
| A. | A big company |
| B. | Stock market |
| C. | Joint-stock |
| D. | A multinational company |
| Answer» C. Joint-stock | |
| 215. |
The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates ? |
| A. | Breton Wood method |
| B. | Free market exchange rate |
| C. | Atlas method of exchange rate |
| D. | Open market exchange rate |
| Answer» D. Open market exchange rate | |
| 216. |
The economics system planned economy is ? |
| A. | In which economists control production |
| B. | In which production and distribution of wealth is under government’s control |
| C. | In which technocrats control production |
| D. | In which government controls distribution |
| Answer» C. In which technocrats control production | |
| 217. |
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ? |
| A. | Adam Smith |
| B. | David Ricardo |
| C. | David Smith |
| D. | Adam Ricardo |
| Answer» C. David Smith | |
| 218. |
The cause of inflation is ? |
| A. | Increase in money supply |
| B. | Fall in production |
| C. | Increase in money supply and fall in production |
| D. | Decrease in money supply and fall in production |
| Answer» D. Decrease in money supply and fall in production | |
| 219. |
The branch of economics ‘Microeconomics’ deals with______________? |
| A. | small units, including individual companies and small group of consumers |
| B. | Economics of homes |
| C. | Economics of stock market |
| D. | Economics of provinces |
| Answer» B. Economics of homes | |
| 220. |
The branch banking system is in vogue in most countries of the world. In which country was it first developed? |
| A. | South Africa |
| B. | UK |
| C. | Canada |
| D. | Australia |
| Answer» C. Canada | |
| 221. |
The bank established for loans to very small enterprises in Pakistan is called_______________? |
| A. | Micro Finance Bank |
| B. | Moderba Bank |
| C. | SME- Bank |
| D. | First MINI Bank |
| Answer» B. Moderba Bank | |
| 222. |
The balance of payment is ? |
| A. | Balance between a nation’s expenditure on imports and its receipts from exports |
| B. | Total sum a state owned |
| C. | Total liabilities of a nation |
| D. | Shortfall in budget |
| Answer» B. Total sum a state owned | |
| 223. |
The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ? |
| A. | Open value |
| B. | Book value |
| C. | Real value |
| D. | Artificial value |
| Answer» C. Real value | |
| 224. |
The amount that is paid for carriage of goods by chips, railways, airways etc is called ? |
| A. | Hire and Fire |
| B. | Rent |
| C. | Transportation Changes |
| D. | Freight |
| Answer» E. | |
| 225. |
Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ? |
| A. | Nikki Index |
| B. | NASDAQ |
| C. | Dow Jones Index |
| D. | Major Index |
| Answer» D. Major Index | |
| 226. |
Rules and Particles that govern the management of an organization are called ? |
| A. | Internal laws |
| B. | By laws |
| C. | Character |
| D. | Memorandum of articles |
| Answer» C. Character | |
| 227. |
Restriction on import or export of specified or all goods with a foreign nation by the Government is called ? |
| A. | Embargo |
| B. | Contraband |
| C. | Ban |
| D. | Restriction |
| Answer» B. Contraband | |
| 228. |
Reduction in the circulation of money resulting from fall of prices is known as ? |
| A. | deflation |
| B. | inflation |
| C. | cost effective |
| D. | cost |
| Answer» B. inflation | |
| 229. |
Rate of growth of an economy is measured in terms of________________? |
| A. | Per capita income |
| B. | Industrial development |
| C. | Number of people who have been lifted above the poverty line |
| D. | National income |
| Answer» E. | |
| 230. |
Quoted bid or highest price on inventor in willing to pay to buy a security is called ? |
| A. | Offer price |
| B. | Bid price |
| C. | Quote price |
| D. | Market price |
| Answer» C. Quote price | |
| 231. |
Possibility of negative events or changes in the business climate of country is called? |
| A. | Domestic risk |
| B. | Political risk |
| C. | National risk |
| D. | Country risk |
| Answer» C. National risk | |
| 232. |
Portion of a company’s profit paid to common and preferred shareholders is called ? |
| A. | Gross Profit |
| B. | Profit share |
| C. | Dividend |
| D. | Right share |
| Answer» D. Right share | |
| 233. |
Point out the use of the term price fixing ? |
| A. | Unlawful agreement between manufacturers to set and maintain specified price on typically competing products |
| B. | Artificial setting of price of commodity by government |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 234. |
Point out the term for producer goods such as machinery that is used in production of commodities ? |
| A. | Capital assets |
| B. | Running capital |
| C. | Capital goods |
| D. | Hard capital |
| Answer» D. Hard capital | |
| 235. |
Pick out the generic term for the securities industry firms that buy sell and underwrite securities ? |
| A. | Wall street |
| B. | NASDAQ |
| C. | Nikkei index |
| D. | Yahoo index |
| Answer» B. NASDAQ | |
| 236. |
Percentage of total industry sales that a particular company controls is called ? |
| A. | Lion’s share |
| B. | Market share |
| C. | Net share |
| D. | Holding share |
| Answer» C. Net share | |
| 237. |
Pakistan’s fiscal years starts from? |
| A. | 1st September |
| B. | 1st January |
| C. | 1st April |
| D. | 1st July |
| Answer» E. | |
| 238. |
Pakistan follows the policy of_______________? |
| A. | Fixed exchange rate |
| B. | Flexible exchange rate |
| C. | controlled exchange rate |
| D. | Increasing exchange rate |
| Answer» C. controlled exchange rate | |
| 239. |
P2P is business slang. What does it refer ? |
| A. | To startups or internet startup |
| B. | Path to profitability |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 240. |
Open market Operation is ? |
| A. | Buying and selling bills of exchange |
| B. | Buying and Selling govt. securities |
| C. | Buying and selling shares of companies |
| D. | Buying and selling foreign exchanges |
| Answer» C. Buying and selling shares of companies | |
| 241. |
Oil is measured in barrels. What is the abbreviation for barrels________________? |
| A. | Brl |
| B. | Bel |
| C. | Bbl |
| D. | Obl |
| Answer» D. Obl | |
| 242. |
Of which mineral’s chief exporter is Mexico ? |
| A. | Tin |
| B. | Silver |
| C. | Aluminum |
| D. | Gold |
| Answer» C. Aluminum | |
| 243. |
Of which item’s chief exporter is Indonesia ? |
| A. | Gold |
| B. | Silver |
| C. | Wheat |
| D. | Sugar |
| Answer» E. | |
| 244. |
Net investment is___________________? |
| A. | Gross investment minus household investment |
| B. | Gross investment minus govt. Investment |
| C. | Gross investment minus capital consumption allowance |
| D. | None of the above |
| Answer» D. None of the above | |
| 245. |
National income refers to ? |
| A. | Money value of goods and and services produced in a country during a year. |
| B. | Money value of stocks and shares of a country during a year. |
| C. | Money value of capital goods produced by a country during a year. |
| D. | None of these |
| Answer» B. Money value of stocks and shares of a country during a year. | |
| 246. |
National income of a country is based on ? |
| A. | The taxes earned by the State |
| B. | The sum of all factors of income |
| C. | Personal incomes of all the citizens |
| D. | Surplus of exports over imports |
| Answer» C. Personal incomes of all the citizens | |
| 247. |
National Income is essentially composed of ? |
| A. | All wealth of a nation |
| B. | Annual Income of the central government |
| C. | All income of the people on a year |
| D. | Income derived from taxes by the central government |
| Answer» D. Income derived from taxes by the central government | |
| 248. |
Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ? |
| A. | Capitalism |
| B. | Socialism |
| C. | Free market economy |
| D. | Liberalism |
| Answer» B. Socialism | |
| 249. |
Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ? |
| A. | Nikki Index |
| B. | NASDAQ |
| C. | Dow Jones Index |
| D. | Major Index |
| Answer» D. Major Index | |
| 250. |
Name the price at which the issuer of a bond may retire part of the pond at a specified call date ? |
| A. | Call price |
| B. | Bid price |
| C. | Term Price |
| D. | Future Price |
| Answer» B. Bid price | |