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.
| 251. |
Name the political and economic system in which the government owns and controls the means of production to benefit all the people ? |
| A. | Communism |
| B. | Socialism |
| C. | Capitalism |
| D. | Authoritarianism |
| Answer» C. Capitalism | |
| 252. |
Name the organization that is managed by those who use its facilities ? |
| A. | Limited Company |
| B. | Society |
| C. | Corporation |
| D. | Cooperative |
| Answer» E. | |
| 253. |
Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ? |
| A. | Company |
| B. | Corporation |
| C. | Cooperative |
| D. | Limited Company |
| Answer» C. Cooperative | |
| 254. |
Name the money of county that is expected to drop in value relative to other currencies? |
| A. | Local currency |
| B. | Cold currency |
| C. | Lime currency |
| D. | Soft currency |
| Answer» E. | |
| 255. |
Name the methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries ? |
| A. | Exchange Rate Mechanism (ERM) |
| B. | Exchange Rate Equilibrium |
| C. | Exchange Rate Balance |
| D. | None of the above |
| Answer» B. Exchange Rate Equilibrium | |
| 256. |
Name the method of inventory accounting in which the oldest remaining items are assumed to have been first sold ? |
| A. | FIFO (first in first out) |
| B. | LAFO (last in first out) |
| C. | First come First serve |
| D. | None of these |
| Answer» B. LAFO (last in first out) | |
| 257. |
Name the Company that is listed with the SEC after submission of a required statement and compliance with disclosure requirement ? |
| A. | Limited company |
| B. | Registered company |
| C. | Public company |
| D. | Public limited company |
| Answer» C. Public company | |
| 258. |
Name the company in which the liability of the shareholders is limited to the amount of their shares ? |
| A. | Limited company |
| B. | Incorporation |
| C. | Cooperative |
| D. | Corporation |
| Answer» B. Incorporation | |
| 259. |
Name a market that is characterized by a small number of producers who often act together to control the supply of a particular good and its market price ? |
| A. | Oligopoly |
| B. | Monopoly |
| C. | Oligopsony |
| D. | Grey market |
| Answer» B. Monopoly | |
| 260. |
Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ? |
| A. | Hard Leaf |
| B. | Maple Leaf |
| C. | Green Leaf |
| D. | Gold Leaf |
| Answer» C. Green Leaf | |
| 261. |
Name a default on debt and obligations by a major financial institution that disrupts the stability of the economic system ? |
| A. | Debt blast |
| B. | Debt bomb |
| C. | Bad debt |
| D. | None of them |
| Answer» C. Bad debt | |
| 262. |
Name a corporation that owns enough voting stock in another firm to control management and operations by influencing of electing its board of directors ? |
| A. | Mother company |
| B. | Father company |
| C. | Holding company |
| D. | joint company |
| Answer» D. joint company | |
| 263. |
Monoculture is ? |
| A. | Farming practice of growing a single crop |
| B. | Homogeneous Nations |
| C. | Homogeneous market |
| D. | Homogeneous business |
| Answer» B. Homogeneous Nations | |
| 264. |
Monetary policy is regulated by ? |
| A. | Money lenders |
| B. | Central Bank |
| C. | Private entrepreneurs |
| D. | Government policy |
| Answer» C. Private entrepreneurs | |
| 265. |
Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ? |
| A. | Floor price |
| B. | Fixed price |
| C. | Bid Price |
| D. | Basic Price |
| Answer» B. Fixed price | |
| 266. |
Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ? |
| A. | Money flight |
| B. | Capital drain |
| C. | Free flow |
| D. | Capital flight |
| Answer» E. | |
| 267. |
Mention the theory of inflation or price increase that results from so-called excess demand ? |
| A. | Demand curve theory |
| B. | Cost-push inflation |
| C. | Demand-pull inflation |
| D. | Demand push inflation |
| Answer» D. Demand push inflation | |
| 268. |
Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ? |
| A. | Devolution |
| B. | Devaluation |
| C. | Price cap |
| D. | Cut-rate |
| Answer» C. Price cap | |
| 269. |
Mention the penalty by which a person loses title of his property, that is a result of some illegal act ? |
| A. | Confiscation |
| B. | Bankruptcy |
| C. | Forfeiture |
| D. | Debenture |
| Answer» D. Debenture | |
| 270. |
Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ? |
| A. | Hinterland |
| B. | Country land |
| C. | Dependent land |
| D. | Parasite land |
| Answer» B. Country land | |
| 271. |
Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment? |
| A. | End benefit |
| B. | Trickle down |
| C. | Free market |
| D. | Capitalism |
| Answer» C. Free market | |
| 272. |
Mention the market for trading long-term debt instruments ? |
| A. | Stock market |
| B. | Open market |
| C. | Capital market |
| D. | International market |
| Answer» D. International market | |
| 273. |
Mention a mutual fund that is invested primarily in stocks with a history of and future potential for capital gains ? |
| A. | Common fund |
| B. | Stock fund |
| C. | Growth fund |
| D. | Capital growth fund |
| Answer» D. Capital growth fund | |
| 274. |
Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ? |
| A. | Nationalist policy |
| B. | Domestic policy |
| C. | Protectionist policy |
| D. | Beggar-thy-beighbour |
| Answer» E. | |
| 275. |
Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price ? |
| A. | Redemption |
| B. | Guarantee |
| C. | Repo |
| D. | Repurchase arrangements |
| Answer» D. Repurchase arrangements | |
| 276. |
Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ? |
| A. | National Association of Securities Dealers Automatic Quotation system (Nasdaq) |
| B. | New York Stock Exchange |
| C. | Wall Street |
| D. | Nikkei Stock Average |
| Answer» B. New York Stock Exchange | |
| 277. |
Market value of all final goods and services produced in a country during a year is definition of ? |
| A. | NI |
| B. | NNP |
| C. | GNP |
| D. | Consumption |
| Answer» D. Consumption | |
| 278. |
Market in which forces of demand and supply are not in the control of government is called ? |
| A. | Market Economy |
| B. | Free Market |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 279. |
Malaysia is the chief exporter of ? |
| A. | Jute |
| B. | Diamond |
| C. | Tin |
| D. | Rubber |
| Answer» E. | |
| 280. |
LIFO (last in, first out) means ? |
| A. | to make queue |
| B. | items are removed in inverse order |
| C. | turn by turn |
| D. | make space for new production |
| Answer» C. turn by turn | |
| 281. |
Large payment to senior employee who is forced into retirement is called ? |
| A. | Golden bonus |
| B. | Golden shake hand |
| C. | Friendly handshake |
| D. | Golden handshake |
| Answer» E. | |
| 282. |
Keynesian economics is an economic theory of British economist John Maynard. What this theory states ? |
| A. | A free market is necessary for economic growth and stability |
| B. | Regulation is necessary for economic growth and stability |
| C. | Active government intervention is necessary to ensure economic growth and stability |
| D. | Government intervention is not necessary to ensure economic growth and stability |
| Answer» D. Government intervention is not necessary to ensure economic growth and stability | |
| 283. |
Investment funds are established for the supports of institutions such as hospitals investment is called ? |
| A. | Charity funds |
| B. | Attached funds |
| C. | Endowment funds |
| D. | Investment fund |
| Answer» D. Investment fund | |
| 284. |
Interest that is calculated as a simple percentage of the original principal amount is called ? |
| A. | Market interest |
| B. | Easy interest |
| C. | Compound interest |
| D. | Simple interest |
| Answer» E. | |
| 285. |
Interest payments and any principal repayments which are due on a country’s external debt are known as ? |
| A. | Debt Payment |
| B. | Service Charges |
| C. | Debt Charges |
| D. | Debt service |
| Answer» E. | |
| 286. |
Interest is______________? |
| A. | Payment made for the use of another person’s money |
| B. | Payment made for the use of bank’s money |
| C. | Share in profit |
| D. | Devaluation in the Currency |
| Answer» B. Payment made for the use of bank’s money | |
| 287. |
Inflation is ? |
| A. | Increase in the amount of circulating money |
| B. | Lowering of purchasing power |
| C. | Decrease in the amount of circulation money |
| D. | None of the above |
| Answer» B. Lowering of purchasing power | |
| 288. |
Inflation means ? |
| A. | Rise in budget deficit |
| B. | Rise in money supply |
| C. | Rise in general price index |
| D. | Reflection |
| Answer» D. Reflection | |
| 289. |
India is the chief exporter of ? |
| A. | Mica |
| B. | Rubber |
| C. | Silver |
| D. | Gold |
| Answer» D. Gold | |
| 290. |
Indemnity is_______________? |
| A. | Security against damages loss, or injury |
| B. | A legal exemption from liability for damages |
| C. | Compensation for damages loss, or injury suffered |
| D. | All of these |
| Answer» E. | |
| 291. |
In which capacity does a person stand to gain from deflation ? |
| A. | As a pensioner |
| B. | As a debtor |
| C. | As an entrepreneur |
| D. | As an equity-holder |
| Answer» B. As a debtor | |
| 292. |
In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ? |
| A. | Military system |
| B. | Land based system |
| C. | Feudal system |
| D. | Rural system |
| Answer» D. Rural system | |
| 293. |
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 ? |
| A. | Spreadsheet |
| B. | Splinter |
| C. | Family growth |
| D. | Butterfly |
| Answer» E. | |
| 294. |
In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ? |
| A. | kickback |
| B. | Commission |
| C. | Bribe |
| D. | Graft |
| Answer» B. Commission | |
| 295. |
In Planned economy’ Production and distribution of Wealth is under control of_____________? |
| A. | Private sector |
| B. | Government |
| C. | Bank |
| D. | None of the above |
| Answer» B. Government | |
| 296. |
If saving exceeds investment the national income will ? |
| A. | Fall |
| B. | Rise |
| C. | Fluctuate |
| D. | Remain constant |
| Answer» E. | |
| 297. |
If GNP of Pakistan rises. it will encourage ? |
| A. | Exports |
| B. | Imports |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 298. |
How is termed a written promise to pay back a specified sum of money at a stated time or on demand ? |
| A. | Promissory Note (PN) |
| B. | Note of hand |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 299. |
How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ? |
| A. | Bankruptcy |
| B. | Default |
| C. | Total loss |
| D. | Crash |
| Answer» B. Default | |
| 300. |
How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ? |
| A. | Four Dragons |
| B. | Little Tigers |
| C. | Four Tigers |
| D. | All of these |
| Answer» D. All of these | |