MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Hydel power Stations of `WAPDA' are generating electricity approximately: |
| A. | 3500 mw |
| B. | 4250 mw |
| C. | 4880 mw |
| D. | 5200 mw |
| Answer» C. 4880 mw | |
| 2. |
If a country wants to achieve rapid rate of economic development, it must save at least: |
| A. | 25% Gross National Products each year |
| B. | 30% Gross National Products each year |
| C. | 35% Gross National Products each year |
| D. | 40% Gross National Products each year |
| Answer» B. 30% Gross National Products each year | |
| 3. |
All of the goods which are scarce and limited in supply are called - |
| A. | Luxury goods |
| B. | Expensive goods |
| C. | Capital goods |
| D. | Economic goods |
| Answer» E. | |
| 4. |
Inflation can be checked by - |
| A. | increasing exports |
| B. | increasing money supply |
| C. | increasing Government expenditure |
| D. | decreasing money supply |
| Answer» E. | |
| 5. |
Regulated markets aim at the development of the marketing structure to - |
| A. | widen the price spread between the producer and the consumer |
| B. | narrow down the price spread between the producer and the consumer |
| C. | increase the non-functional margins of the traders |
| D. | maximize the non-functional margins of the commission agents |
| Answer» C. increase the non-functional margins of the traders | |
| 6. |
When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves that is called: |
| A. | Laissez faire |
| B. | Liberal Trade region |
| C. | Free Trade zone |
| D. | All of the above one |
| Answer» D. All of the above one | |
| 7. |
As a result of higher rate of inflation in India, the U.S. dollar will - |
| A. | Depreciate |
| B. | Constant |
| C. | Negligible |
| D. | Appreciate |
| Answer» E. | |
| 8. |
If a change in all inputs leads to a proportionate change in output, it is case of - |
| A. | Constant returns to scale |
| B. | Diminishing returns to scale |
| C. | Increasing returns to scale |
| D. | Variable returns to scale |
| Answer» B. Diminishing returns to scale | |
| 9. |
Preferential treatment for firms that sell their products abroad, compared with firms that sell to the home market; is called: |
| A. | Export Surplus |
| B. | Export Rebate |
| C. | Export Incentives |
| D. | All of the above |
| Answer» D. All of the above | |
| 10. |
The practice of searching for correlation in data with the purpose of generating theoretical hypotheses is called |
| A. | Data Collection |
| B. | Data Communication |
| C. | Data Mining |
| D. | Data Compression. |
| Answer» D. Data Compression. | |
| 11. |
The scenario that western countries face a crisis in the next few decades caused by the aging of their populations is termed as: |
| A. | Demographic Time Bomb |
| B. | Green House Effect |
| C. | Population Explosion |
| D. | All of the above |
| Answer» B. Green House Effect | |
| 12. |
Which of the following groups is most likely to benefit from inflation? |
| A. | Exporters |
| B. | Debtors |
| C. | Pensioners |
| D. | Creditors |
| Answer» C. Pensioners | |
| 13. |
A rising Per Capita Income will indicate a better welfare if it is accompanied by - |
| A. | unchanged Income distribution overall. |
| B. | changed Income distribution in favour of rich. |
| C. | changed Income distribution in favour of poor. |
| D. | changed Income disribution in favour of Industrial Labour. |
| Answer» D. changed Income disribution in favour of Industrial Labour. | |
| 14. |
The demand of electricity is rising in Pakistan at the rate of: |
| A. | 14 percent annually |
| B. | 17 percent annually |
| C. | 19 percent annually |
| D. | 21 percent annually |
| Answer» C. 19 percent annually | |
| 15. |
According to Keynes, business cycles are due to variation in the rate of investment caused by fluctuations, in the - |
| A. | Marginal efficiency of capital |
| B. | Marginal propensity to save |
| C. | Marginal propensity to consumption |
| D. | Marginal efficiency to investment |
| Answer» B. Marginal propensity to save | |
| 16. |
Which one of the following pairs of goods is an example for Joint Supply? |
| A. | Coffee and Tea |
| B. | Ink and Pen |
| C. | Tooth brush and Paste |
| D. | Wool and Mutton |
| Answer» E. | |
| 17. |
Which of the following must be a result of inflation? |
| A. | Higher interest rates |
| B. | A rise in the exchange rate |
| C. | An increase in the value of money |
| D. | A reduction in the value of money |
| Answer» E. | |
| 18. |
Which of the following will be described as "cost push" inflation? |
| A. | An increase in imported oil prices |
| B. | An increase in money supply |
| C. | An increase in unemployment allowances |
| D. | A reduction in income tax. |
| Answer» D. A reduction in income tax. | |
| 19. |
The major objective of monetary policy is to - |
| A. | increase government's tax revenue |
| B. | revamp the Public Distribution System |
| C. | Promote economic growth with price stability |
| D. | weed out corruption in the economy |
| Answer» D. weed out corruption in the economy | |
| 20. |
The major aim of devaluation is to - |
| A. | encourage imports |
| B. | encourage exports |
| C. | encourage both exports and imports |
| D. | discourage both exports and imports |
| Answer» C. encourage both exports and imports | |
| 21. |
The monetary policy is India is formulated by - |
| A. | Central Government |
| B. | Industrial Financial Corporation of India |
| C. | Reserve Bank of India |
| D. | Industrial Development Bank of India |
| Answer» D. Industrial Development Bank of India | |
| 22. |
Who defined investment as "the construction of a new capital asset like machinery or factory building"? |
| A. | Hansen |
| B. | J.M. Keynes |
| C. | Harrod |
| D. | J.R. Hicks |
| Answer» C. Harrod | |
| 23. |
Devaluation of currency leads to - |
| A. | expansion of export trade |
| B. | contraction of import trade |
| C. | expansion of import substitution |
| D. | All of the above |
| Answer» E. | |
| 24. |
Devaluation makes import - |
| A. | Competitive |
| B. | Inelastic |
| C. | Cheaper |
| D. | Dearer |
| Answer» E. | |
| 25. |
Plant arid machinery are - |
| A. | Producers' goods |
| B. | Consumers' goods |
| C. | Distributors' goods |
| D. | Free goods |
| Answer» B. Consumers' goods | |
| 26. |
Demand of commodity mainly depends upon - |
| A. | Purchasing will |
| B. | Purchasing power |
| C. | Tax policy |
| D. | Advertisement |
| Answer» C. Tax policy | |
| 27. |
Countries that depend mainly on the export of primary products for their income, are prone to - |
| A. | inflation |
| B. | economic instability |
| C. | increasing unemployment |
| D. | stable economic growth |
| Answer» D. stable economic growth | |
| 28. |
'Gold' is mainly related to - |
| A. | Local market |
| B. | National market |
| C. | International market |
| D. | Regional market |
| Answer» D. Regional market | |
| 29. |
Pairs of goods for which consumption is interdependent e.g., cars and petrol or cups and saucers are known as: |
| A. | Complementary Goods |
| B. | Finished Goods |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. Finished Goods | |
| 30. |
Transfer payments mean - |
| A. | Old age pensions |
| B. | Unemployment compensations |
| C. | Social security payments |
| D. | All the above |
| Answer» E. | |
| 31. |
A measure of the expectation of the population that the government, or monetary authorities will adhere to policies delivering low inflation is called |
| A. | Credibility |
| B. | Faith |
| C. | Integrity |
| D. | None of the above |
| Answer» B. Faith | |
| 32. |
Will the following benefit in real terms during a period of high and rising inflation: |
| A. | Someone who hoards money |
| B. | Someone whose income comes from securities with a fixed rate of interest |
| C. | Some one who owes money and is repaying the debt |
| D. | None of the above |
| Answer» D. None of the above | |
| 33. |
Inflation is caused by - |
| A. | increase in money supply and decrease in production |
| B. | increase in money supply |
| C. | increase in production |
| D. | decrease in production |
| Answer» B. increase in money supply | |
| 34. |
The internal rate of return - |
| A. | must be less than the interest rate if the firm is to in-vest. |
| B. | makes the present value of profits equal to the present value of costs. |
| C. | falls as the annual yield of an investment rises. |
| D. | is equal to the market interest rate for all the firm's in-vestment. |
| Answer» D. is equal to the market interest rate for all the firm's in-vestment. | |
| 35. |
Dow Jones index' is the scale: |
| A. | For measuring Industrial profit in a year |
| B. | For measuring the average share price of leading Japanese companies |
| C. | For measuring the average share price of major US industrial companies |
| D. | None of the above |
| Answer» D. None of the above | |
| 36. |
In which division of Punjab, the ratio of males and females is equal? |
| A. | Bahawalpur |
| B. | Faislabad |
| C. | Lahore |
| D. | Rawalpindi |
| Answer» E. | |
| 37. |
The upper limit of investment in plant and machinery for small-scale industries has been fixed currently at - |
| A. | Rs. 35 lakhs |
| B. | Rs. 45 lakhs |
| C. | Rs. 60 lakhs |
| D. | Rs. 1 crore |
| Answer» E. | |
| 38. |
Which is the most urbanized division of Punjab? |
| A. | Multan |
| B. | Rawalpindi |
| C. | Sargodah |
| D. | Lahore |
| Answer» E. | |
| 39. |
Which region of Punjab is free from water-logging Problem? |
| A. | Gujranwala |
| B. | Lahore |
| C. | Rawalpindi |
| D. | Multan |
| Answer» D. Multan | |
| 40. |
Family Planning in rural areas hampered mainly due to: |
| A. | Deficiency in planning |
| B. | Lack of knowledge |
| C. | Psychological and Social Orthodoxy |
| D. | Non-availability of devices |
| Answer» C. Psychological and Social Orthodoxy | |
| 41. |
Who is the first Tax Mohtasib of Pakistan? |
| A. | Justice (R) Saleem Kazmi |
| B. | Justice (R) Allah Nawaz |
| C. | Justice (R) Ijaz Nisar |
| D. | Justice (R) Saleem Akhtar |
| Answer» E. | |
| 42. |
The largest portion of saline area of land in Punjab is in:- |
| A. | Faisalabad Divisional |
| B. | D.G. Khan Division |
| C. | Multan Division |
| D. | Bahawalpur Division |
| Answer» E. | |
| 43. |
Cash crop is the crop: |
| A. | Which gives high profit to the farmers |
| B. | Which is grown only for sale |
| C. | Which is grown after taking Cash loan from Banks |
| D. | None of the above one |
| Answer» C. Which is grown after taking Cash loan from Banks | |
| 44. |
Indirect taxies levied upon goods produced for home consumption are called: |
| A. | Custom duties |
| B. | Excise duties |
| C. | Both of the above |
| D. | None of the above |
| Answer» C. Both of the above | |
| 45. |
Which division of the Punjab Produces maximum Sugarcane crop? |
| A. | Faisalabad |
| B. | Bahawalpur |
| C. | Gujranwala |
| D. | Multan |
| Answer» B. Bahawalpur | |
| 46. |
What is the informal name for annual publication United Kingdom Balance of Payments ? |
| A. | Green Book |
| B. | Red Book |
| C. | Pink Book |
| D. | Blue Book |
| Answer» D. Blue Book | |
| 47. |
During periods of inflation, tax rates should - |
| A. | increase |
| B. | decrease |
| C. | remain constant |
| D. | fluctuate |
| Answer» B. decrease | |
| 48. |
Foreign currency which has a tendency of quick migration is called - |
| A. | Scarce currency |
| B. | Soft currency |
| C. | Gold currency |
| D. | Hot currency |
| Answer» E. | |
| 49. |
A low interest policy is also known as |
| A. | cheap money policy |
| B. | income generating |
| C. | dear money policy |
| D. | investment policy |
| Answer» B. income generating | |
| 50. |
The definition of 'small-scale industry' in India is based on - |
| A. | sales by the unit |
| B. | Investment In machines and equipments |
| C. | market coverage |
| D. | export capacity |
| Answer» C. market coverage | |