MCQOPTIONS
Saved Bookmarks
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.
| 351. |
Currency that is expected to drop in value relative to other currencies is called ? |
| A. | Local currency |
| B. | Cold currency |
| C. | Lime currency |
| D. | Soft currency |
| Answer» E. | |
| 352. |
Crop grown for sale is called? |
| A. | Business Crop |
| B. | Cash crop |
| C. | Money Crop |
| D. | Earning Crop |
| Answer» C. Money Crop | |
| 353. |
Cost of production plus a fixed rate of profit is called ? |
| A. | cost plus |
| B. | Cost effective |
| C. | End price |
| D. | Consumer price |
| Answer» B. Cost effective | |
| 354. |
Consumption spending does not include ? |
| A. | Household’s purchases of food |
| B. | Households’ purchase of a car |
| C. | Household’s payment of rent for an apartment |
| D. | Household’s purchase of stock in any XYZ corporation |
| Answer» E. | |
| 355. |
Common market is an agreement between two or more countries. What this agreement permits ? |
| A. | Free movement of capital and labor |
| B. | Free movement of goods and services |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 356. |
Commercial policy means_______________? |
| A. | Policy about markets |
| B. | Policy about money supply |
| C. | Policy about imports and exports |
| D. | Policy of controlling of prices of goods |
| Answer» D. Policy of controlling of prices of goods | |
| 357. |
China is the chief exporter of_______________? |
| A. | Rubber |
| B. | Manganese’s |
| C. | Rice |
| D. | Gold |
| Answer» D. Gold | |
| 358. |
Central bank’s rate of lending to commercial banks is called ? |
| A. | Interest rate |
| B. | Discount rate |
| C. | Money rate |
| D. | Control rate |
| Answer» E. | |
| 359. |
Central bank of Pakistan is ________________? |
| A. | State Bank |
| B. | National Bank |
| C. | Both of them |
| D. | None of them |
| Answer» B. National Bank | |
| 360. |
Capital Flight from a country is called ? |
| A. | removal of individual and corporate investment |
| B. | removal of capital drain |
| C. | removal of income |
| D. | All of these |
| Answer» E. | |
| 361. |
By Which scale the value of all economic activity produced by a nation during a given period 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 | |
| 362. |
By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ? |
| A. | Foreclosure |
| B. | Default |
| C. | Bankrupt |
| D. | None of these |
| Answer» B. Default | |
| 363. |
By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process ? |
| A. | Registering |
| B. | Going public |
| C. | Debuting |
| D. | Public offering |
| Answer» E. | |
| 364. |
Blue chip company is used in the context of general equities. What does it refer ? |
| A. | A multinational company |
| B. | Large and creditworthy company |
| C. | A conglomerate company |
| D. | A consortium of companies |
| Answer» C. A conglomerate company | |
| 365. |
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 ? |
| 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 |
| Answer» D. None of them | |
| 366. |
Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ? |
| A. | Hyperinflation |
| B. | Ultra-inflation |
| C. | A cute inflation |
| D. | Super inflation |
| Answer» B. Ultra-inflation | |
| 367. |
Bearer cheque is ? |
| A. | Payable to anyone |
| B. | payable to person holding it |
| C. | payable through account only |
| D. | payable after specific period |
| Answer» C. payable through account only | |
| 368. |
Barter is the trade of goods or services with ? |
| A. | free exchange of money |
| B. | exchange of services |
| C. | exchange of goods and services |
| D. | None of them |
| Answer» D. None of them | |
| 369. |
Bank loans are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments. What these loans are called____________? |
| A. | Rearranged loans |
| B. | Rescheduled loans |
| C. | Altered loans |
| D. | None of these |
| Answer» C. Altered loans | |
| 370. |
Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ? |
| A. | letter of Credit |
| B. | Letter of expression |
| C. | Demand draft |
| D. | Letter of intent |
| Answer» B. Letter of expression | |
| 371. |
Balance of sheet is understood as ? |
| A. | Profit in a year |
| B. | Statements of accounts that shows debit and credit accounts under the broad heads |
| C. | Performance of a company |
| D. | Accurate economic position |
| Answer» C. Performance of a company | |
| 372. |
Balance of payments of a country includes ? |
| A. | Balance of trade |
| B. | Capital receipts and payments |
| C. | Savings and investment account |
| D. | A and B of above |
| Answer» E. | |
| 373. |
Asset that is easily and cheaply turned into cash-notably, cash itself and short-term securities are known as______________? |
| A. | Liquid asset |
| B. | Solid asset |
| C. | Hard asset |
| D. | None of these |
| Answer» B. Solid asset | |
| 374. |
An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ? |
| A. | Checking |
| B. | Audit |
| C. | Stock-taking |
| D. | Accounting |
| Answer» C. Stock-taking | |
| 375. |
An organization plans the use of its fund during a 12-month period. What is this period called ? |
| A. | Fiscal period |
| B. | Calendar year |
| C. | Year unit |
| D. | Fiscal year (FY) |
| Answer» E. | |
| 376. |
An exchange arrangement was formed in 1979 that governs the currencies of European union member countries. What this arrangement called ? |
| A. | European Currency System (ECS) |
| B. | European Monetary Mechanism (EMM) |
| C. | Common Monetary System (CMS) |
| D. | European Monetary Fund (EMF) |
| Answer» D. European Monetary Fund (EMF) | |
| 377. |
An evaluation of an individual’s or company’s ability to obligations or its likelihood of not defaulting is known as ? |
| A. | Credibility |
| B. | Credit risk |
| C. | Credit credibility |
| D. | Credit rating |
| Answer» C. Credit credibility | |
| 378. |
An essential attribute of inflation is ? |
| A. | Fall in production |
| B. | Increase in prices |
| C. | Stagflation |
| D. | None of these |
| Answer» C. Stagflation | |
| 379. |
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ? |
| A. | Free adjustment |
| B. | Cost effective adjustment |
| C. | Comparative adjustment |
| D. | Cost of living adjustment |
| Answer» E. | |
| 380. |
Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ? |
| A. | Cost of living |
| B. | Basic requirement |
| C. | Cost of life |
| D. | None of the above |
| Answer» B. Basic requirement | |
| 381. |
Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ? |
| A. | A precise list or enumeration of financial transactions |
| B. | Money deposited for checking savings or breakage use |
| C. | A customer having business or credit relationship with a firm |
| D. | All of these |
| Answer» E. | |
| 382. |
According to the law of demand. When ? |
| A. | Price increase demand decreases |
| B. | Price decreases demand decreases |
| C. | Price increased demand increases |
| D. | None of these |
| Answer» B. Price decreases demand decreases | |
| 383. |
A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ? |
| A. | Inflation |
| B. | Hyper-inflation |
| C. | Deflation |
| D. | Disinflation |
| Answer» C. Deflation | |
| 384. |
A tax which is paid by the person on whom the tax is incident is called a ? |
| A. | Local tax |
| B. | Indirect tax |
| C. | Direct tax |
| D. | Rate |
| Answer» D. Rate | |
| 385. |
A tax on imports exports, or consumption goods is called ? |
| A. | Drawback |
| B. | Duty |
| C. | Custom |
| D. | Excise |
| Answer» C. Custom | |
| 386. |
A tariff______________? |
| A. | Increase the volume of trade |
| B. | Reduces the volume of trade |
| C. | Has no effect on volume of trade? |
| D. | A and C of above |
| Answer» C. Has no effect on volume of trade? | |
| 387. |
A stock that sells at a high price because of public confidence in its long record of steady earnings is called ? |
| A. | Blue chip |
| B. | Blue Chipper |
| C. | An extremely valuable asset or property |
| D. | All of these |
| Answer» E. | |
| 388. |
A share or an interest in an enterprise, especially a financial share, is called ? |
| A. | Share holding |
| B. | Stake |
| C. | Partnership |
| D. | None of these |
| Answer» C. Partnership | |
| 389. |
A seller of goods or services writes a bill that is submitted to a purchaser for payment. What this bill is called? |
| A. | Demand draft |
| B. | Draft |
| C. | Invoice |
| D. | Bill of Intent |
| Answer» D. Bill of Intent | |
| 390. |
A piece of land and whatever physical property is on it is called? |
| A. | Solid asset |
| B. | Unmovable property |
| C. | Real estate |
| D. | Property |
| Answer» D. Property | |
| 391. |
A payment is made in return for some transference of privilege. What this payment is called ? |
| A. | Royalty |
| B. | Rent |
| C. | Share |
| D. | Intellectual royalty |
| Answer» B. Rent | |
| 392. |
A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ? |
| A. | Price index |
| B. | Price indexing |
| C. | Price fixing |
| D. | Price choosing |
| Answer» B. Price indexing | |
| 393. |
A market in which prices are in an upward trend is known as ? |
| A. | Bull market |
| B. | Beamish market |
| C. | Upward market |
| D. | Hot market |
| Answer» B. Beamish market | |
| 394. |
A long-term asset, such as land or building is termed as ? |
| A. | capital asset |
| B. | solid asset |
| C. | solid capital |
| D. | Future asset |
| Answer» B. solid asset | |
| 395. |
A government program, social security is ? |
| A. | Economics assistance provided by social security |
| B. | Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees |
| C. | Both a & b |
| D. | Nor a nor b |
| Answer» D. Nor a nor b | |
| 396. |
A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ? |
| A. | Unmovable asset |
| B. | Fixed property |
| C. | Production line |
| D. | Fixed asset |
| Answer» E. | |
| 397. |
A detailed, itemized list, report or record or things in one’s 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 ? |
| A. | List of stock a company own |
| B. | List of assets of a corporation |
| C. | Total obligation of a firm |
| D. | An evaluation or a survey, as of abilities or resources |
| Answer» E. | |
| 398. |
A country’s fundamental system of transportation, communications, and other aspects of its physical capabilities are called ? |
| A. | Infrastructure |
| B. | Basic structure |
| C. | Fundamentals |
| D. | Basic infrastructure |
| Answer» B. Basic structure | |
| 399. |
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ? |
| A. | Relative Advantage |
| B. | Complete Advantage |
| C. | Comparative Edge |
| D. | Comparative Advantage |
| Answer» E. | |
| 400. |
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle? |
| A. | Relative Advantage |
| B. | Complete Advantage |
| C. | Comparative Edge |
| D. | Comparative Advantage |
| Answer» E. | |