MCQOPTIONS
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MCQOPTIONS
This section includes 431 Mcqs, each offering curated multiple-choice questions to sharpen your Economics Mcqs knowledge and support exam preparation. Choose a topic below to get started.
| 301. |
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 | |
| 302. |
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 | |
| 303. |
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 | |
| 304. |
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 | |
| 305. |
USA is the chief exporter of_________________? |
| A. | Iron Ore |
| B. | Wheat |
| C. | Both of these |
| D. | None of these |
| Answer» D. None of these | |
| 306. |
Which mineral’s chief exporter is Russia? |
| A. | Manganese |
| B. | Rubber |
| C. | Gold |
| D. | Silver |
| Answer» B. Rubber | |
| 307. |
What is measured by Gross domestic product (GDP)? |
| A. | Value of all economic activity within nation’s border |
| B. | Economic output of a country |
| C. | Economic activity of federal government |
| D. | None of these |
| Answer» B. Economic output of a country | |
| 308. |
Which country is the chief exporter of coffee? |
| A. | Mexico |
| B. | USA |
| C. | Brazil |
| D. | Australia |
| Answer» D. Australia | |
| 309. |
Term the sole legal right to print or publish anything that belongs to the author ? |
| A. | property right |
| B. | Sole right |
| C. | Copyright |
| D. | rights |
| Answer» B. Sole right | |
| 310. |
What is write-Off? |
| A. | Charging an asset amount to expense of loss |
| B. | To forget |
| C. | To withdraw |
| D. | None of these |
| Answer» B. To forget | |
| 311. |
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 | |
| 312. |
Goods and monies from which future income can be derived is called ? |
| A. | Net assets |
| B. | Assets |
| C. | Holdings |
| D. | Capital |
| Answer» E. | |
| 313. |
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 | |
| 314. |
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 | |
| 315. |
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 | |
| 316. |
What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ? |
| A. | Open trade |
| B. | Free trade |
| C. | Open sky trade |
| D. | Easy trade |
| Answer» C. Open sky trade | |
| 317. |
What is called a Tax on imports, exports ? |
| A. | Drawback |
| B. | Duty |
| C. | Custom |
| D. | Excise |
| Answer» C. Custom | |
| 318. |
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 | |
| 319. |
What is Debt retirement______________? |
| A. | To write off debt |
| B. | To reschedule debt |
| C. | To repay debt in easy installments |
| D. | The complete repayment of debt |
| Answer» E. | |
| 320. |
What is meant by excise? |
| A. | A tax levied on certain articles produced and consumed in a country |
| B. | A licensing charge or a fee levied for certain privileges |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 321. |
What is Tariff ? |
| A. | tax that government levy on imports |
| B. | tax that government levy on exports |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 322. |
What is Remittance_______________? |
| 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 | |
| 323. |
Monetary policy is regulated by ? |
| A. | Money lenders |
| B. | Central Bank |
| C. | Private entrepreneurs |
| D. | Government policy |
| Answer» C. Private entrepreneurs | |
| 324. |
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. | |
| 325. |
An essential attribute of inflation is ? |
| A. | Fall in production |
| B. | Increase in prices |
| C. | Stagflation |
| D. | None of these |
| Answer» C. Stagflation | |
| 326. |
Which measures. taken by a government would be intended to raise the price of imports ? |
| A. | Embargoes |
| B. | Foreign exchange controls |
| C. | Quotas |
| D. | Tariffs |
| Answer» E. | |
| 327. |
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 | |
| 328. |
Which of the following payment instruments introduced by the banks is known as plastic money ? |
| A. | Bearer cheques |
| B. | Credit Cards |
| C. | Demand Drafts |
| D. | Gift Cheques |
| Answer» C. Demand Drafts | |
| 329. |
Which is the best measure of economic growth of a country ? |
| A. | GNP |
| B. | GDP |
| C. | Net revenue |
| D. | None of the above |
| Answer» B. GDP | |
| 330. |
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 | |
| 331. |
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 | |
| 332. |
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 | |
| 333. |
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 | |
| 334. |
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. | |
| 335. |
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 | |
| 336. |
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 | |
| 337. |
If GNP of Pakistan rises. it will encourage ? |
| A. | Exports |
| B. | Imports |
| C. | Both |
| D. | None |
| Answer» D. None | |
| 338. |
Which of the following must always balance ? |
| A. | Balance of visible trade |
| B. | Balance of invisible trade |
| C. | Balance on the current account |
| D. | Balance of payments |
| Answer» C. Balance on the current account | |
| 339. |
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 | |
| 340. |
When aggregate supply exceeds aggregate demand ? |
| A. | Business inventory accumulate |
| B. | Unemployment exists |
| C. | Price of consumer goods rise |
| D. | People save more than they intended to save |
| Answer» B. Unemployment exists | |
| 341. |
Theory of comparative advantages was presented by ? |
| A. | Adam Smith |
| B. | Ricardo |
| C. | Hicks |
| D. | Barron |
| Answer» C. Hicks | |
| 342. |
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 | |
| 343. |
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. | |
| 344. |
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 | |
| 345. |
Term the shared of profits of a joint stock company ? |
| A. | Share |
| B. | Profit-share |
| C. | Dividend |
| D. | Margin |
| Answer» D. Margin | |
| 346. |
Government policy about exports and imports is called ? |
| A. | Monetary policy |
| B. | Fiscal policy |
| C. | Commercial policy |
| D. | Finance policy |
| Answer» D. Finance policy | |
| 347. |
What is called the rules of laws which governs the internal affairs of an organization ? |
| A. | Corporate Laws |
| B. | Secondary Laws |
| C. | By laws |
| D. | Internal Laws |
| Answer» D. Internal Laws | |
| 348. |
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 | |
| 349. |
Which term is used for fine that is payable for failing to clear goods from a storehouse with in a specific period of time ? |
| A. | Demurrage |
| B. | Penalty |
| C. | Charges |
| D. | Fine |
| Answer» B. Penalty | |
| 350. |
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 | |