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.
| 401. |
What is called the situation in which a debtor remains unable to pay his creditors in full ? |
| A. | Bankruptcy |
| B. | Default |
| C. | Total loss |
| D. | Crash |
| Answer» B. Default | |
| 402. |
Of which item’s chief exporter is Indonesia ? |
| A. | Gold |
| B. | Silver |
| C. | Wheat |
| D. | Sugar |
| Answer» E. | |
| 403. |
Which of the following is a form of international reserve assets, created by IMF in 1967 whose value is based on a portfolio of widely used currencies ? |
| A. | Special Drawing Right (SDR) |
| B. | IMF Drawing Rights (SDR) |
| C. | International Drawing Right (IDR) |
| D. | Sure, Drawing Rights (SDR) |
| Answer» B. IMF Drawing Rights (SDR) | |
| 404. |
Interest that is calculated as a simple percentage of the original principal amount is called ? |
| A. | Market interest |
| B. | Easy interest |
| C. | Compound interest |
| D. | Simple interest |
| Answer» E. | |
| 405. |
Estimated income and plane for expenditure is called Budget. What is Budget deficit ? |
| A. | Less Public spending than amount of revenue corporation |
| B. | Balance between public spending and amount of revenue |
| C. | More public spending than amount of revenue |
| D. | None of them |
| Answer» D. None of them | |
| 406. |
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 | |
| 407. |
Malaysia is the chief exporter of ? |
| A. | Jute |
| B. | Diamond |
| C. | Tin |
| D. | Rubber |
| Answer» E. | |
| 408. |
India is the chief exporter of ? |
| A. | Mica |
| B. | Rubber |
| C. | Silver |
| D. | Gold |
| Answer» D. Gold | |
| 409. |
Term the average income of the people of a country during a year ? |
| A. | National income |
| B. | Domestic income |
| C. | Protection Income |
| D. | Per capita Income |
| Answer» E. | |
| 410. |
Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ? |
| A. | Nikki Index |
| B. | NASDAQ |
| C. | Dow Jones Index |
| D. | Major Index |
| Answer» D. Major Index | |
| 411. |
Depression is a drastic decline in a national of international economy It’s characteristic is ? |
| A. | Decreasing business activity |
| B. | Falling prices |
| C. | Unemployment |
| D. | All of these |
| Answer» E. | |
| 412. |
What is called amount of money to purchase the goods and services to maintain life ? |
| A. | Cost living |
| B. | Basic requirement |
| C. | Cost of life |
| D. | None of these |
| Answer» C. Cost of life | |
| 413. |
Reduction in the circulation of money resulting from fall of prices is known as ? |
| A. | deflation |
| B. | inflation |
| C. | cost effective |
| D. | cost |
| Answer» B. inflation | |
| 414. |
What is public sector ? |
| A. | Public corporations |
| B. | Central and local government |
| C. | Nationalized Industries |
| D. | All of them |
| Answer» E. | |
| 415. |
What is called the tax that is levied on retail price of merchandise collected by retailer ? |
| A. | Sales Tax |
| B. | General Tax |
| C. | Local Tax |
| D. | Gross Tax |
| Answer» B. General Tax | |
| 416. |
Governmental non-interference in commerce is called ? |
| A. | Free market economy |
| B. | Laissez faire also Laisser faire |
| C. | Open market economy |
| D. | Liberal market economy |
| Answer» C. Open market economy | |
| 417. |
What is National debt or public debt ? |
| A. | State’s borrowing from its population |
| B. | State’s borrowing from foreign government |
| C. | state’s borrowing from international institution |
| D. | All of these |
| Answer» E. | |
| 418. |
What is called the difference in the money value between exports and imports during the specific period of time ? |
| A. | Balance of payment |
| B. | Balance sheet |
| C. | Terms of trade |
| D. | Balance of trade |
| Answer» E. | |
| 419. |
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. | |
| 420. |
Large payment to senior employee who is forced into retirement is called ? |
| A. | Golden bonus |
| B. | Golden shake hand |
| C. | Friendly handshake |
| D. | Golden handshake |
| Answer» E. | |
| 421. |
How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ? |
| A. | Bankruptcy |
| B. | Default |
| C. | Total loss |
| D. | Crash |
| Answer» B. Default | |
| 422. |
Which of the following is a withdraw from the circular flow income stream ? |
| A. | Investment |
| B. | Subsidies |
| C. | Taxation |
| D. | Consumption |
| Answer» D. Consumption | |
| 423. |
A budgetary deficit means ? |
| A. | Total expenditure is more than total revenue |
| B. | Current expenditure is more than current revenue |
| C. | Capital expenditure is more than capital revenue |
| D. | Total expenditure is more than current revenue |
| Answer» B. Current expenditure is more than current revenue | |
| 424. |
Government of Pakistan issues currency on the basis of__________________? |
| A. | Availability of gold in the country |
| B. | Availability of dollars in the country |
| C. | Demand for money in the country |
| D. | Tax collection |
| Answer» D. Tax collection | |
| 425. |
Which is most likely to cause a more even distribution of income ? |
| A. | An increase in indirect taxes |
| B. | An increase in managers salaries |
| C. | An increase in progressive taxation |
| D. | An increase in the rate of inflation |
| Answer» D. An increase in the rate of inflation | |
| 426. |
Which of the following is an example of government policy that could reduce inflation ? |
| A. | increasing bank lending |
| B. | increasing import duties |
| C. | reducing government expenditure |
| D. | None of these |
| Answer» D. None of these | |
| 427. |
Economic development ? |
| A. | Is the same as economic growth |
| B. | Means improvement in lifestyle |
| C. | Exists when there is equal distribution of income |
| D. | All of the above |
| Answer» C. Exists when there is equal distribution of income | |
| 428. |
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. | |
| 429. |
Which of the following groups suffer the most from inflation ? |
| A. | Debtors |
| B. | Creditors |
| C. | Business class |
| D. | None of these |
| Answer» C. Business class | |
| 430. |
What is called the trade of goods or services without the exchange of money ? |
| A. | Free exchange |
| B. | Liberal Exchange |
| C. | Barter |
| D. | Bilateral Trade |
| Answer» D. Bilateral Trade | |
| 431. |
Which of the following is not a function of a commercial bank? |
| A. | Accepting public deposits |
| B. | Granting loan and advances |
| C. | Undertaking agency functions |
| D. | Banker to the government |
| Answer» E. | |