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.
| 151. |
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 | |
| 152. |
Which term is used for an engagement in risky business with the idea of making a large profit in short time ? |
| A. | Idealism |
| B. | Blind game |
| C. | Speculation |
| D. | Risk covering |
| Answer» D. Risk covering | |
| 153. |
What is price support ? |
| A. | To increase price artificially |
| B. | Maintenance of price through public subsidy or government intervention |
| C. | To enhance price |
| D. | To maintain price at specific level |
| Answer» C. To enhance price | |
| 154. |
The economics system planned economy is ? |
| A. | In which economists control production |
| B. | In which production and distribution of wealth is under government’s control |
| C. | In which technocrats control production |
| D. | In which government controls distribution |
| Answer» C. In which technocrats control production | |
| 155. |
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 | |
| 156. |
Point out the use of the term price fixing ? |
| A. | Unlawful agreement between manufacturers to set and maintain specified price on typically competing products |
| B. | Artificial setting of price of commodity by government |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 157. |
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 | |
| 158. |
The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term? |
| A. | To convert assets into cash |
| B. | Abolish |
| C. | Both of them |
| D. | All of them |
| Answer» D. All of them | |
| 159. |
Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ? |
| A. | Open trade |
| B. | Free trade |
| C. | Open sky trade |
| D. | Easy trade |
| Answer» C. Open sky trade | |
| 160. |
What is referred by the by economic theory “Liberalism” ? |
| A. | The free market |
| B. | Gold standard |
| C. | Laissez faire |
| D. | All of these |
| Answer» E. | |
| 161. |
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 | |
| 162. |
Which of the following is known as foreign exchange ? |
| A. | Transaction of International monetary business |
| B. | Negotiable bills drawn in one country to be paid in another country |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 163. |
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. | |
| 164. |
Name the scale for measuring the average share price and percentage change of 30 major US industrial companies ? |
| A. | Nikki Index |
| B. | NASDAQ |
| C. | Dow Jones Index |
| D. | Major Index |
| Answer» D. Major Index | |
| 165. |
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 | |
| 166. |
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 | |
| 167. |
Which of the following is not an instrument of monetary policy ? |
| A. | Taxation |
| B. | Bank rate |
| C. | Open-market operations |
| D. | Credit rationing |
| Answer» B. Bank rate | |
| 168. |
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ? |
| A. | Adam Smith |
| B. | David Ricardo |
| C. | David Smith |
| D. | Adam Ricardo |
| Answer» C. David Smith | |
| 169. |
Which of the following is the Pakistan’s central bank ? |
| A. | State Bank |
| B. | National Bank |
| C. | Both of them |
| D. | None of them |
| Answer» B. National Bank | |
| 170. |
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) | |
| 171. |
What is called the crop which is grown for sale rather than the farmer’s own use ? |
| A. | Business Crop |
| B. | Cash crop |
| C. | Money Crop |
| D. | Earning Crop |
| Answer» C. Money Crop | |
| 172. |
Which of the following would cause income to become more unequal ? |
| A. | Increased employment |
| B. | Increased unemployment allowance |
| C. | More progressive taxes |
| D. | More regressive taxes |
| Answer» E. | |
| 173. |
Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ? |
| A. | Capitalism |
| B. | Socialism |
| C. | Free market economy |
| D. | Liberalism |
| Answer» B. Socialism | |
| 174. |
The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ? |
| A. | Open value |
| B. | Book value |
| C. | Real value |
| D. | Artificial value |
| Answer» C. Real value | |
| 175. |
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. | |
| 176. |
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 | |
| 177. |
National income of a country is based on ? |
| A. | The taxes earned by the State |
| B. | The sum of all factors of income |
| C. | Personal incomes of all the citizens |
| D. | Surplus of exports over imports |
| Answer» C. Personal incomes of all the citizens | |
| 178. |
Term the written order which directs that a specified sum of money be paid to a specified person ? |
| A. | Bill of Exchange BE |
| B. | Bill of Lading |
| C. | Bearer Cheque |
| D. | None of them |
| Answer» B. Bill of Lading | |
| 179. |
When banks prepare their balance sheets. They show the money lent in ? |
| A. | Liability |
| B. | Assets |
| C. | Both assets and liabilities |
| D. | None |
| Answer» C. Both assets and liabilities | |
| 180. |
Development means economics growth plus ? |
| A. | Inflation |
| B. | Deflation |
| C. | Social change |
| D. | Price stability |
| Answer» D. Price stability | |
| 181. |
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 | |
| 182. |
Which of the following terms refers to income that is saved and not invested ? |
| A. | Capital |
| B. | Deposit |
| C. | Hoarding |
| D. | Profit |
| Answer» D. Profit | |
| 183. |
Which is the most widely used tool of monetary policy ? |
| A. | Clearing house |
| B. | Open-market operations |
| C. | Discount rate |
| D. | Issuing of notes |
| Answer» C. Discount rate | |
| 184. |
What term is given to unemployment caused by a downturn in the business cycle ? |
| A. | Underemployment |
| B. | Disguised unemployment |
| C. | Temporary unemployment |
| D. | Cyclical unemployment |
| Answer» E. | |
| 185. |
Which property the paper money does not process ? |
| A. | Acceptability |
| B. | Divisibility |
| C. | Durability |
| D. | Portability |
| Answer» D. Portability | |
| 186. |
Trade between two countries can be useful if cost ratios of goods are ? |
| A. | Equal |
| B. | Different |
| C. | Undetermined |
| D. | Decreasing |
| Answer» C. Undetermined | |
| 187. |
Debenture holders of a company are its_______________? |
| A. | Shareholders |
| B. | Creditors |
| C. | Debtors |
| D. | Directors |
| Answer» C. Debtors | |
| 188. |
Rate of growth of an economy is measured in terms of________________? |
| A. | Per capita income |
| B. | Industrial development |
| C. | Number of people who have been lifted above the poverty line |
| D. | National income |
| Answer» E. | |
| 189. |
Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ? |
| A. | a fall in living standards |
| B. | a more youthful population |
| C. | an ageing population |
| D. | an increase in population |
| Answer» D. an increase in population | |
| 190. |
Pakistan follows the policy of_______________? |
| A. | Fixed exchange rate |
| B. | Flexible exchange rate |
| C. | controlled exchange rate |
| D. | Increasing exchange rate |
| Answer» C. controlled exchange rate | |
| 191. |
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ? |
| A. | Assembly line |
| B. | Production line |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 192. |
Which of the following is not required while computing Gross National Product (GNP) ? |
| A. | Net foreign investment |
| B. | Private investment |
| C. | Per capita income of citizens |
| D. | None of the above |
| Answer» D. None of the above | |
| 193. |
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 | |
| 194. |
When stock market is falling it is_______________? |
| A. | Bearish |
| B. | Bullish |
| C. | Crash |
| D. | Fall down |
| Answer» B. Bullish | |
| 195. |
Which of the following is not rated by credit rating agencies ? |
| A. | Shares |
| B. | Debentures and bonds |
| C. | Commercial paper |
| D. | Government securities |
| Answer» B. Debentures and bonds | |
| 196. |
The smallest unit of ownership of a company is______________? |
| A. | A share |
| B. | A debenture |
| C. | Invest |
| D. | Capital |
| Answer» B. A debenture | |
| 197. |
‘Forex’ stands for ? |
| A. | For examine |
| B. | Foreign exchange |
| C. | Foreign exports |
| D. | None of these |
| Answer» C. Foreign exports | |
| 198. |
Inflation means ? |
| A. | Rise in budget deficit |
| B. | Rise in money supply |
| C. | Rise in general price index |
| D. | Reflection |
| Answer» D. Reflection | |
| 199. |
What is a Debenture ? |
| A. | Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period |
| B. | Certificate for the investment in shares |
| C. | Certificate for the preference share |
| D. | None of these |
| Answer» B. Certificate for the investment in shares | |
| 200. |
To what does the phrase terms of trade refer ? |
| A. | the currency exchange rate |
| B. | the difference between the value of visible exports and visible imports |
| C. | The government’s policies to increase exports |
| D. | the rate at which exports are exchanged for imports |
| Answer» E. | |