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.
| 301. |
How is termed the government’s order to prevent the arrival or departure of merchant ships or to restrict import or export of specified or all goods with a foreign nation ? |
| A. | Embargo |
| B. | Contraband |
| C. | Ban |
| D. | Restriction |
| Answer» B. Contraband | |
| 302. |
How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ? |
| A. | Open door market |
| B. | Open door country |
| C. | Open sky market |
| D. | Free economy |
| Answer» B. Open door country | |
| 303. |
How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ? |
| A. | Market Economy |
| B. | Harvard Group |
| C. | Keynesian |
| D. | London Group |
| Answer» D. London Group | |
| 304. |
How is termed the balance of investment and return; in which investment and return are exactly equal ? |
| A. | Break even |
| B. | Breakeven point |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 305. |
How is termed the ability to buy ? |
| A. | Purchasing power |
| B. | Income level |
| C. | Gross purchasing power |
| D. | Purchasing power parities (PPP) |
| Answer» E. | |
| 306. |
How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ? |
| A. | combine fund |
| B. | Mutual fund |
| C. | Liquid fund |
| D. | Stock holding company |
| Answer» C. Liquid fund | |
| 307. |
How I measured the change in the cost of basic goods and services in comparison with a fixed base period ? |
| A. | Human Development Index (HDI) |
| B. | Consumer Price Index (CPI) |
| C. | Complete Price Index (CPI) |
| D. | Comparative Price Index (CPI) |
| Answer» D. Comparative Price Index (CPI) | |
| 308. |
Hard currency is defined as ? |
| A. | Currency traded in foreign exchange market for which demand is persistently relative to the supply |
| B. | Currency Which is used in times of war |
| C. | Currency which loses its value very fast |
| D. | None of these |
| Answer» B. Currency Which is used in times of war | |
| 309. |
Group of Singapore, Hong, Kong, Taiwan, and south Korea is called? |
| A. | Four Dragons |
| B. | Little Tigers |
| C. | Four Tigers |
| D. | All of these |
| Answer» D. All of these | |
| 310. |
Gross National income is always more than Net National income because it includes ? |
| A. | Foreign income |
| B. | Capital consumption allowance |
| C. | Indirect taxes |
| D. | Direct taxes |
| Answer» C. Indirect taxes | |
| 311. |
Gross Domestic Product (GDP) is__________________? |
| A. | Value of all economic activity with in a nation’s border |
| B. | Economics output of a country |
| C. | Economic activities of federal government |
| D. | None of these |
| Answer» B. Economics output of a country | |
| 312. |
Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ? |
| A. | Certificates |
| B. | Sureties |
| C. | Security bonds |
| D. | Bond |
| Answer» E. | |
| 313. |
Governmental non-interference in commerce is called ? |
| A. | Free market economy |
| B. | Laissez faire also Laisser faire |
| C. | Open market economy |
| D. | Liberal market economy |
| Answer» C. Open market economy | |
| 314. |
Government policy about exports and imports is called ? |
| A. | Monetary policy |
| B. | Fiscal policy |
| C. | Commercial policy |
| D. | Finance policy |
| Answer» D. Finance policy | |
| 315. |
Government of Pakistan issues currency on the basis of__________________? |
| A. | Availability of gold in the country |
| B. | Availability of dollars in the country |
| C. | Demand for money in the country |
| D. | Tax collection |
| Answer» D. Tax collection | |
| 316. |
Government levy tax on imports and exports What this tax is called ? |
| A. | Custom |
| B. | Exercise Duty |
| C. | Tariff |
| D. | Freight |
| Answer» D. Freight | |
| 317. |
Government granted monetary assistance to a person or a group in support of an enterprise regarded as being in public interest. This is called subsidy. Point out the statement which is also a subsidy ? |
| A. | Financial assistance given by one person or government to another |
| B. | Financial assistance given to poor people |
| C. | Financial assistance given to aged people |
| D. | Financial assistance given to small companies |
| Answer» B. Financial assistance given to poor people | |
| 318. |
Government borrows in the form of promissory note to repay the bearer after some fixed days from the date of issue. How is called such borrowing ? |
| A. | Bond |
| B. | Treasury bill |
| C. | Term bound |
| D. | Securities |
| Answer» C. Term bound | |
| 319. |
Goods that satisfy human wants though their direct use or consumption are called______________? |
| A. | cash goods |
| B. | consumer items |
| C. | consumer goods |
| D. | cash items |
| Answer» D. cash items | |
| 320. |
Goods and monies from which future income can be derived is called ? |
| A. | Net assets |
| B. | Assets |
| C. | Holdings |
| D. | Capital |
| Answer» E. | |
| 321. |
GNP is_______________? |
| A. | Total sales in the economy |
| B. | Total monetary transactions in an economy |
| C. | The market value of all goods and services produced in an economy |
| D. | Total spending in an economy |
| Answer» D. Total spending in an economy | |
| 322. |
GNP includes ? |
| A. | A loan from a bank |
| B. | A loan from one’s parents |
| C. | Gifts and donations |
| D. | A broker’s commission |
| Answer» E. | |
| 323. |
From the sale of capital assets tax is levied on profits. What this tax is called ? |
| A. | Profit tax |
| B. | Capital gains tax |
| C. | Excise duty |
| D. | Capital tax |
| Answer» C. Excise duty | |
| 324. |
From each according to his ability to each according to his need is the theoretical slogan of ? |
| A. | Feudal System |
| B. | Capitalist System |
| C. | Fascist System |
| D. | Communist System |
| Answer» E. | |
| 325. |
Free port is ? |
| A. | Where no export duties are levied |
| B. | Where no import duties are levied |
| C. | Where no expert or import duties are levied |
| D. | Where everything can be import or export |
| Answer» D. Where everything can be import or export | |
| 326. |
‘Forex’ stands for ? |
| A. | For examine |
| B. | Foreign exchange |
| C. | Foreign exports |
| D. | None of these |
| Answer» C. Foreign exports | |
| 327. |
Fiscal deficit in the budget means ? |
| A. | Revenue deficit plus the net borrowings of the government |
| B. | Budgetary deficits plus the net borrowings of the government |
| C. | Capital deficit plus revenue deficit |
| D. | Primary deficit minus capital deficit |
| Answer» C. Capital deficit plus revenue deficit | |
| 328. |
Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ? |
| A. | Barter |
| B. | payment on Delivery |
| C. | Gives in take |
| D. | Cash on Delivery |
| Answer» E. | |
| 329. |
Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ? |
| A. | Rolling debt |
| B. | Bad debt |
| C. | Rescheduling |
| D. | Default |
| Answer» E. | |
| 330. |
Exchange rate of which of the following currencies falls because of persistent balance of payments deficit ? |
| A. | Gold currency |
| B. | Hard currency |
| C. | Silver currency |
| D. | Soft currency |
| Answer» E. | |
| 331. |
Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ? |
| A. | Value addition |
| B. | Excise |
| C. | Value added |
| D. | Tax on stage |
| Answer» D. Tax on stage | |
| 332. |
Estimated income and plane for expenditure is called Budget. What is Budget deficit ? |
| A. | Less Public spending than amount of revenue corporation |
| B. | Balance between public spending and amount of revenue |
| C. | More public spending than amount of revenue |
| D. | None of them |
| Answer» D. None of them | |
| 333. |
Endorsement means anything written upon the back of the document What does means by Endorse ? |
| A. | To verify signature |
| B. | To verify the person holding cheque |
| C. | To sign one’s name upon the back of cheque |
| D. | To sign one’s name upon the front of cheque |
| Answer» D. To sign one’s name upon the front of cheque | |
| 334. |
Economic system in which the government owns and controls the means of production to benefit all the people is called ? |
| A. | Dictatorship |
| B. | Socialism |
| C. | Capitalism |
| D. | Authoritarianism |
| Answer» E. | |
| 335. |
Economic development is measured on the basis of ? |
| A. | Increase in nominal GNP |
| B. | Increase in real GNP |
| C. | Increase in personal income |
| D. | Increase in government revenue |
| Answer» C. Increase in personal income | |
| 336. |
Economic development ? |
| A. | Is the same as economic growth |
| B. | Means improvement in lifestyle |
| C. | Exists when there is equal distribution of income |
| D. | All of the above |
| Answer» C. Exists when there is equal distribution of income | |
| 337. |
During a given period how the economic activity of a nation is measured? |
| A. | Gross Domestic Product (GOP) |
| B. | Gross National output (GNO) |
| C. | Gross National product (GNP) |
| D. | Gross National Output |
| Answer» D. Gross National Output | |
| 338. |
Downsizing is______________? |
| A. | to make in a smaller size |
| B. | to make in a actual size |
| C. | to make in a half size |
| D. | None of the above |
| Answer» B. to make in a actual size | |
| 339. |
Downsizing is ? |
| A. | to make in a smaller size |
| B. | to make in actual size |
| C. | To make in half size |
| D. | None of these |
| Answer» B. to make in actual size | |
| 340. |
Different workers or group of workers separate the production works and trade into__________processes. What this separation is called? |
| A. | Divided Labor |
| B. | Closed shop |
| C. | Division of Labor |
| D. | Open shop |
| Answer» D. Open shop | |
| 341. |
Developments in a national economy can affect the outcome of an international financial transaction. What this process is called ? |
| A. | International economic risk |
| B. | Country economic risk |
| C. | Ultra-country economic risk |
| D. | Outcome risk |
| Answer» C. Ultra-country economic risk | |
| 342. |
Development means economics growth plus ? |
| A. | Inflation |
| B. | Deflation |
| C. | Social change |
| D. | Price stability |
| Answer» D. Price stability | |
| 343. |
Devaluation of currency helps to promote ? |
| A. | National income |
| B. | Saving |
| C. | Imports at lower cost |
| D. | Exports |
| Answer» E. | |
| 344. |
Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ? |
| A. | Less than one |
| B. | Greater than one |
| C. | Equal to one |
| D. | Zero |
| Answer» D. Zero | |
| 345. |
Devaluation means ? |
| A. | Converting rupee into gold |
| B. | Lowering of the value of one currency in comparison of some foreign currency |
| C. | Making rupee dearer in comparison to some foreign currency |
| D. | None of these |
| Answer» C. Making rupee dearer in comparison to some foreign currency | |
| 346. |
Deregulation is the reduction of government’s role in controlling markets. Which of the following is result(s) of deregulation ? |
| A. | Lead to freer market |
| B. | Lead to a more efficient marketplace |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 347. |
Deregulation is the reduction of government’s role in ? |
| A. | Controlling Banks |
| B. | Controlling cooperation |
| C. | Controlling markets |
| D. | None of them |
| Answer» D. None of them | |
| 348. |
Depression is a drastic decline in a national of international economy It’s characteristic is ? |
| A. | Decreasing business activity |
| B. | Falling prices |
| C. | Unemployment |
| D. | All of these |
| Answer» E. | |
| 349. |
Depression is a drastic decline in a national or international economy. It’s characteristic is_____________? |
| A. | Decreasing business activity |
| B. | Falling prices |
| C. | Unemployment |
| D. | All of these |
| Answer» E. | |
| 350. |
Debenture holders of a company are its_______________? |
| A. | Shareholders |
| B. | Creditors |
| C. | Debtors |
| D. | Directors |
| Answer» C. Debtors | |