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.
| 251. |
What is artificial currency ? |
| A. | A currency substitutes |
| B. | Coins |
| C. | De-valued currency |
| D. | Silver |
| Answer» B. Coins | |
| 252. |
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 | |
| 253. |
Name the political and economic system in which the government owns and controls the means of production to benefit all the people ? |
| A. | Communism |
| B. | Socialism |
| C. | Capitalism |
| D. | Authoritarianism |
| Answer» C. Capitalism | |
| 254. |
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 | |
| 255. |
The term prospectus refers to______________? |
| A. | Formal summary of proposed project |
| B. | Document describing chief features of something for participants |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 256. |
Which term is used for the value imprinted on a security ? |
| A. | Real value |
| B. | Net value |
| C. | Par value |
| D. | Gross value |
| Answer» D. Gross value | |
| 257. |
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 | |
| 258. |
What is sales tax_____________? |
| A. | Levied on the retail price of merchandise and collected by retailer |
| B. | Tax deducted at source |
| C. | Tax on local produce |
| D. | Tax on gross sale |
| Answer» B. Tax deducted at source | |
| 259. |
The term Remittance refers to_______________? |
| 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 | |
| 260. |
How is termed the ability to buy ? |
| A. | Purchasing power |
| B. | Income level |
| C. | Gross purchasing power |
| D. | Purchasing power parities (PPP) |
| Answer» E. | |
| 261. |
Term the exclusive right of one or more persons to carry on some branch of trade of manufacture It is a sole power of dealing in something ? |
| A. | Encroachment |
| B. | Monotony |
| C. | Unipolarity |
| D. | Monopoly |
| Answer» E. | |
| 262. |
What is mortgage______________? |
| A. | Conveyance of property as security for debt |
| B. | Conveyance of company security for debt |
| C. | Guarantee for debt |
| D. | Assurance of debt repayment |
| Answer» B. Conveyance of company security for debt | |
| 263. |
What is called the result of a state’s borrowing from its population, from foreign governments or from international institutions ? |
| A. | National debt |
| B. | Public debt |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 264. |
What is called the amount of non-military foreign aid which a country received ? |
| A. | Grands |
| B. | Official Development Assistance (ODA) |
| C. | Foreign aid |
| D. | Friendly aid |
| Answer» C. Foreign aid | |
| 265. |
LIFO (last in, first out) means ? |
| A. | to make queue |
| B. | items are removed in inverse order |
| C. | turn by turn |
| D. | make space for new production |
| Answer» C. turn by turn | |
| 266. |
In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ? |
| A. | kickback |
| B. | Commission |
| C. | Bribe |
| D. | Graft |
| Answer» B. Commission | |
| 267. |
The term Mark-up refers to________________? |
| A. | Rise in the price of an item for sale |
| B. | An amount added to cost price in calculating selling price |
| C. | Both of them |
| D. | All of them |
| Answer» D. All of them | |
| 268. |
The branch of economics ‘Microeconomics’ deals with______________? |
| A. | small units, including individual companies and small group of consumers |
| B. | Economics of homes |
| C. | Economics of stock market |
| D. | Economics of provinces |
| Answer» B. Economics of homes | |
| 269. |
What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ? |
| A. | Prudent development |
| B. | Sustainable development |
| C. | Managed economy |
| D. | None of these |
| Answer» C. Managed economy | |
| 270. |
Name the company in which the liability of the shareholders is limited to the amount of their shares ? |
| A. | Limited company |
| B. | Incorporation |
| C. | Cooperative |
| D. | Corporation |
| Answer» B. Incorporation | |
| 271. |
Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ? |
| A. | Letter of intent |
| B. | Letter of Credit |
| C. | Letter of Expression |
| D. | Papers of Landing |
| Answer» B. Letter of Credit | |
| 272. |
The term technology refers to______________? |
| A. | Application of science to achieve a commercial or industrial objective |
| B. | Application of modern science in the country |
| C. | Science based know low |
| D. | All of these |
| Answer» B. Application of modern science in the country | |
| 273. |
Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ? |
| A. | Price competition |
| B. | Price support |
| C. | Price war |
| D. | Price battle |
| Answer» D. Price battle | |
| 274. |
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 | |
| 275. |
Which of the following is referred by the phrase trade balance ? |
| A. | Income from export |
| B. | Difference between imports and exports |
| C. | Income from imports |
| D. | All of them |
| Answer» C. Income from imports | |
| 276. |
The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ? |
| A. | Insignia |
| B. | Patent mark |
| C. | Trade Mark |
| D. | Identification mark |
| Answer» D. Identification mark | |
| 277. |
When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics? |
| A. | Cost push theory |
| B. | Supply and Demand theory |
| C. | Fundamental theory |
| D. | Ricardo’s theory |
| Answer» C. Fundamental theory | |
| 278. |
Term the covering of a short position by purchasing a long contract, usually resulting from the short of a commodity ? |
| A. | Short-positioning |
| B. | Buyback |
| C. | Drawback |
| D. | None of them |
| Answer» C. Drawback | |
| 279. |
What is called when government spending overwhelms government revenue resulting in government borrowing ? |
| A. | Budget deficit |
| B. | Deficient financing |
| C. | Unbalanced spending |
| D. | Deficit spending |
| Answer» E. | |
| 280. |
What is called the price that a potential buyer is willing to pay for a security ? |
| A. | Bid |
| B. | Offer price |
| C. | Quote price |
| D. | None of these |
| Answer» B. Offer price | |
| 281. |
Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called ? |
| A. | Management |
| B. | Board of Governor |
| C. | Top brass |
| D. | Board of Directors |
| Answer» E. | |
| 282. |
Which of the following are bonds that are not registered on the books of the issuer ? |
| A. | Open bond |
| B. | Blank bond |
| C. | Term bond |
| D. | Bearer bond |
| Answer» E. | |
| 283. |
What is referred a group of companies that cooperate and share resources in order to achieve a common objective ? |
| A. | Consortium |
| B. | Pool |
| C. | Incorporation |
| D. | Conglomerate |
| Answer» B. Pool | |
| 284. |
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. | |
| 285. |
Name a default on debt and obligations by a major financial institution that disrupts the stability of the economic system ? |
| A. | Debt blast |
| B. | Debt bomb |
| C. | Bad debt |
| D. | None of them |
| Answer» C. Bad debt | |
| 286. |
What is called interest payments plus repayments of principal to creditors ? |
| A. | Debt retirement |
| B. | Debt relief |
| C. | Debt service |
| D. | Payback |
| Answer» D. Payback | |
| 287. |
What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ? |
| A. | National economic risk |
| B. | Country economic risk |
| C. | Country finance risk |
| D. | Foreign exchange risk |
| Answer» D. Foreign exchange risk | |
| 288. |
What is called the manipulation of the market by traders to create the illusion of active volume to attract investors ? |
| A. | Daisy chain |
| B. | Illusion |
| C. | False market |
| D. | Manipulated market |
| Answer» E. | |
| 289. |
Name the methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries ? |
| A. | Exchange Rate Mechanism (ERM) |
| B. | Exchange Rate Equilibrium |
| C. | Exchange Rate Balance |
| D. | None of the above |
| Answer» B. Exchange Rate Equilibrium | |
| 290. |
What is called a country’s decision to allow its currency value to change freely? |
| A. | Pegged exchange rate |
| B. | Floating exchange rate |
| C. | Liberal exchanged rate |
| D. | Open exchange rate |
| Answer» C. Liberal exchanged rate | |
| 291. |
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 | |
| 292. |
Market value of all final goods and services produced in a country during a year is definition of ? |
| A. | NI |
| B. | NNP |
| C. | GNP |
| D. | Consumption |
| Answer» D. Consumption | |
| 293. |
What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ? |
| A. | Eurobank |
| B. | Foreign bank |
| C. | International Bank |
| D. | Multinational Bank |
| Answer» C. International Bank | |
| 294. |
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 | |
| 295. |
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. | |
| 296. |
Crop grown for sale is called? |
| A. | Business Crop |
| B. | Cash crop |
| C. | Money Crop |
| D. | Earning Crop |
| Answer» C. Money Crop | |
| 297. |
Which of the following would increase national income ? |
| A. | Increase in taxation |
| B. | Increase in savings |
| C. | Increase in govt. spending |
| D. | Decrease in consumption spending |
| Answer» D. Decrease in consumption spending | |
| 298. |
What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts? |
| A. | Liquidator |
| B. | Solicitor |
| C. | Receiver |
| D. | Agent |
| Answer» D. Agent | |
| 299. |
Name the money of county that is expected to drop in value relative to other currencies? |
| A. | Local currency |
| B. | Cold currency |
| C. | Lime currency |
| D. | Soft currency |
| Answer» E. | |
| 300. |
What is called that debt obligation backed strictly by the borrower’s integrity ? |
| A. | Debenture |
| B. | Securities |
| C. | Credit rating |
| D. | None of them |
| Answer» B. Securities | |