Explore topic-wise MCQs in Economics Mcqs.

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.

101.

What is Euro ?

A. Deposit outside one’s home country but in the home country currency
B. European currency unit, introduced on Jan, 1 1999
C. Both of them
D. None of them
Answer» D. None of them
102.

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
103.

What is inflation ?

A. Increase in the amount of circulating money
B. Lowering of purchasing power
C. Decrease in the amount of circulation money
D. None of these
Answer» B. Lowering of purchasing power
104.

What is Free port ?

A. Where no export duties are levied
B. Where no import duties are levied
C. Where no export or import duties are levied
D. Where everything can be import or export
Answer» D. Where everything can be import or export
105.

What is called a country’s total financial obligations to the rest of the world ?

A. Total debt
B. Debt burden
C. National liabilities
D. External debt
Answer» E.
106.

Velocity of circulation of money means ?

A. The number of times a unit of money changes hands daily
B. The number of times as unit of money changes hands monthly
C. The number of times a unit of money changes hands annually
D. The number of times a unit of money changes value
Answer» D. The number of times a unit of money changes value
107.

What is the period called 12-months plan of a country to use its funds ?

A. Fiscal period
B. Calendar year
C. Year unit
D. Fiscal year (FY)
Answer» E.
108.

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?
109.

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
110.

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.
111.

What is Dumping ?

A. Sale of goods in large quantities with high quality
B. Sale of goods in large quantities with low quality
C. Sale of goods in large quantities and at a low price
D. Sale of goods in large quantities with high price
Answer» D. Sale of goods in large quantities with high price
112.

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
113.

Who is called Father of Economics ?

A. Adam smith
B. David Ricardo
C. David smith
D. Adam Ricardo
Answer» B. David Ricardo
114.

Name the organization that is managed by those who use its facilities ?

A. Limited Company
B. Society
C. Corporation
D. Cooperative
Answer» E.
115.

Which country is the chief exporter of jute ?

A. Bangladesh
B. India
C. Both of them
D. None of them
Answer» D. None of them
116.

South Africa is the chief exporter of ?

A. Coffee
B. Copper
C. Diamond
D. Gold
Answer» E.
117.

Term the minimum income level below which a person is considered to be living in poverty ?

A. Poverty level
B. Poverty line
C. Both of them
D. None of them
Answer» D. None of them
118.

USA is the chief exporter of ?

A. Coal
B. Copper
C. Cotton
D. All of these
Answer» E.
119.

Which of the following is not an indirect tax ?

A. Income tax
B. Sales tax
C. Custom duty
D. Tariff
Answer» C. Custom duty
120.

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.
121.

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
122.

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
123.

what is called an evaluation of credit quality of a company’s debt issued by Moody’s S&P and Fitch investors services ?

A. Credit worthiness
B. Credit Worth
C. Credit line
D. Ratings
Answer» E.
124.

Term the authorization whether written or electronic, that shareholders’ votes may be cast by others ?

A. Proxy vote
B. Absentia vote
C. Remote vote
D. Casting vote
Answer» B. Absentia vote
125.

Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?

A. Oligopoly
B. Grey market
C. Oligopsony
D. Green market
Answer» D. Green market
126.

What is referred by the term ‘Portfolio ?

A. A collection of investments, real or financial
B. Net assets of a company
C. Total profit of company in a year
D. Total unmovable assets of a company
Answer» B. Net assets of a company
127.

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
128.

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
129.

Who is insolvent_______________?

A. A firm that is unable to pay debts
B. A firm that is liquidated
C. A firm that is for sale
D. A firm that has more liabilities than assets
Answer» B. A firm that is liquidated
130.

Which form of business organization falls between a corporation and partnership ?

A. joint company
B. Joint stock company
C. Limited joint company
D. Limited Company
Answer» C. Limited joint company
131.

Which money is called Hot money ?

A. That moves across country borders in response to interest rate differences
B. That moves away when the interest rate differential
C. Both of them
D. None of them
Answer» D. None of them
132.

What is called the stock that sells at a high price ?

A. Blue chip
B. Blue Chipper
C. An extremely valuable asset or property
D. All of these
Answer» E.
133.

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)
134.

What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?

A. Going legal
B. Book corporation
C. Chartered corporation
D. Incorporation
Answer» E.
135.

A tax on imports exports, or consumption goods is called ?

A. Drawback
B. Duty
C. Custom
D. Excise
Answer» C. Custom
136.

What is called that company which make loans to individuals, while not receiving deposits like a bank ?

A. Cooperative company
B. Finance corporation
C. Limited company
D. Finance company
Answer» C. Limited company
137.

What does mean by ‘Emerging Markets ?

A. Financial markets of developing economies
B. Financial markets of East Europe’s economies
C. Financial markets of Asian economies
D. Financial markets of Latin America
Answer» B. Financial markets of East Europe’s economies
138.

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
139.

Which branch of accounting provides information to help the management of a firm evaluate production costs and efficiency ?

A. Efficient Account
B. Cost Accounting
C. Ultra-country economic risk
D. Outcome risk
Answer» C. Ultra-country economic risk
140.

What is called interest that is paid previously earned interest as well as on the principal ?

A. Gross interest
B. Simple interest
C. Total interest
D. Compound interest
Answer» C. Total interest
141.

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
142.

A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?

A. Pledge
B. Assurance
C. Collateral
D. Guaranty
Answer» D. Guaranty
143.

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
144.

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
145.

What is called an internet strategy of dealing directly with business rather than consumer ?

A. B2B
B. Indirect contact
C. Step by step
D. Trickle down
Answer» B. Indirect contact
146.

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
147.

Which theory of economic management focuses on encouraging product through tax reduction ?

A. Liberalism
B. Free market economics
C. Supply-side economics
D. Supervised market
Answer» D. Supervised market
148.

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.
149.

Government levy tax on imports and exports What this tax is called ?

A. Custom
B. Exercise Duty
C. Tariff
D. Freight
Answer» D. Freight
150.

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