MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 864 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge (GK) knowledge and support exam preparation. Choose a topic below to get started.
| 201. |
Which is the highest economic decision making organ in Pakistan? |
| A. | National Finance Commission |
| B. | Ministry of Economic Affairs |
| C. | National Economic Council |
| D. | None of the above |
| Answer» D. None of the above | |
| 202. |
What is Jingoism ? |
| A. | Political Philosophy of State Control over all means of production |
| B. | Injustice done to the poor segment of society |
| C. | Extreme nationalism and patriotism |
| D. | Promotion of peace in the World |
| Answer» D. Promotion of peace in the World | |
| 203. |
Which of the following Gemstones is found in Pakistan? |
| A. | Lapis Lazuli |
| B. | Topaz |
| C. | Ruby |
| D. | All of the above. |
| Answer» E. | |
| 204. |
Under the Zakat fund, the amount being given to the deserving people is: |
| A. | Rs. 300 |
| B. | Rs. 500 |
| C. | Rs. 600 |
| D. | Rs. 700 |
| Answer» C. Rs. 600 | |
| 205. |
Naryab Dam in NWFP is being constructed in the district of: |
| A. | Hazro |
| B. | Ghazo |
| C. | Hangu |
| D. | Kohat |
| Answer» D. Kohat | |
| 206. |
The World s most populous city is: |
| A. | Mexico City |
| B. | Beijing |
| C. | New York |
| D. | Tokyo |
| Answer» E. | |
| 207. |
In this passage gestures mean: |
| A. | Verbal expression |
| B. | Looks |
| C. | Expressive movements of the body |
| D. | Jesting. |
| Answer» D. Jesting. | |
| 208. |
seller or buyer protects his business or holdings from changing prices and takes action against it. It is known as - |
| A. | defence |
| B. | betting |
| C. | inter-trading |
| D. | mortgage |
| Answer» B. betting | |
| 209. |
The prices that are set by government rather than by negotiation between a seller and a buyer are known as |
| A. | Market Prices |
| B. | Management Prices |
| C. | Administered Prices |
| D. | None of the above |
| Answer» D. None of the above | |
| 210. |
A commodity for which demand increases at higher prices and falls at lower prices is termed as: |
| A. | Consumer goods |
| B. | Giffen goods |
| C. | Brown goods |
| D. | Durable goods |
| Answer» C. Brown goods | |
| 211. |
A very high rise in National Income at current market prices and a low rise at constant prices reveals - |
| A. | the high rate of growth in the economy at the current period |
| B. | the increased production in the current period |
| C. | the improper growth of the economy |
| D. | the high rate of inflation prevailing in the economy |
| Answer» D. the high rate of inflation prevailing in the economy | |
| 212. |
When average product of an input is at its maximum then :........note:(AP= Average product) (MP= Marginal product.) |
| A. | AP > MP |
| B. | AP < MP |
| C. | AP = 0 |
| D. | AP = MP |
| Answer» E. | |
| 213. |
If total product is at its maximum then:.......note:(AP= Average product) (MP= Marginal product.) |
| A. | AF = 0 |
| B. | AP < 0 |
| C. | MP = 0 |
| D. | AP = MP = 0 |
| Answer» D. AP = MP = 0 | |
| 214. |
The reduction of the fixed official rate at which one currency is exchanged for another in a fixed exchange rate regime is termed: |
| A. | Appreciation |
| B. | Depreciation |
| C. | Devaluation |
| D. | None of the above |
| Answer» D. None of the above | |
| 215. |
A currency having a falling exchange rate due to continuing balance of payments deficit is called a- |
| A. | Soft currency |
| B. | Hard currency |
| C. | Scarce currency |
| D. | Surplus currency |
| Answer» B. Hard currency | |
| 216. |
A currency whose exchange rate is influenced by the government is a/an - |
| A. | Unmanaged Currency |
| B. | Managed Currency |
| C. | Scarce Currency |
| D. | Surplus Currency |
| Answer» C. Scarce Currency | |
| 217. |
The output from a process designed for the production of some other product. is called |
| A. | By product |
| B. | Main product |
| C. | Consumer Product |
| D. | None of the above |
| Answer» B. Main product | |
| 218. |
"Inflation" may be defined as: |
| A. | Rapidly increasing prices in a certain sector or industry |
| B. | A temporary increases in the prices of several goods |
| C. | A general and consistent increase in prices in an economy |
| D. | Too little money choosing too many goods |
| Answer» C. A general and consistent increase in prices in an economy | |
| 219. |
The World s most populous city: |
| A. | Mexico |
| B. | Beijing |
| C. | Kolcatta |
| D. | Tokyo |
| Answer» E. | |
| 220. |
National income is essentially composed of: |
| A. | Annual income of Central Government |
| B. | Total wealth of a Nation |
| C. | Income derived from taxes by the Central Government |
| D. | Annual income of citizens of a country |
| Answer» C. Income derived from taxes by the Central Government | |
| 221. |
The value of the vegetables a retired school teacher grows in his lawn is excluded from the calculation of national income because: |
| A. | Retired person's activities are not included in calculating national income |
| B. | The goods are not exchanged through the market mechanism |
| C. | It would involve double counting |
| D. | There is no way of imputing the value of such goods. |
| Answer» E. | |
| 222. |
Identify the length of Islamabad-Peshawar section of Motorway: |
| A. | 96 km |
| B. | 133 km |
| C. | 144 km |
| D. | 154 km |
| Answer» E. | |
| 223. |
"Rawal" and "Hajveri" are the two varities of one of the following crops. |
| A. | Rice |
| B. | Cotton |
| C. | Soyabean |
| D. | Wheat |
| Answer» C. Soyabean | |
| 224. |
The Imperial Bank of India, after its nationalization came to be known as : |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | United Bank of India |
| D. | Indian Overseas bank |
| Answer» C. United Bank of India | |
| 225. |
How many countries have joined WTO till September 2002: |
| A. | 111 |
| B. | 122 |
| C. | 134 |
| D. | 144 |
| Answer» E. | |
| 226. |
Embargoes are designed to: |
| A. | Promote trade of prohibited goods |
| B. | Restrict trade of particular commodities |
| C. | Restrict trade of drugs |
| D. | None of the above |
| Answer» C. Restrict trade of drugs | |
| 227. |
Token coins are: |
| A. | Not legal tender |
| B. | Valueless |
| C. | Worthless than the value of the metal they contain |
| D. | Worth more than the value of the metal they contain |
| Answer» B. Valueless | |
| 228. |
"Protection" means: |
| A. | Safeguard of goods and services of a country from being spoiled at the time of export |
| B. | Safeguard of assets of a country from being destroyed by military attack |
| C. | Policy of a country to discourage import of certain commodities so as to save the domestic industries from competition with foreign firms |
| D. | None of the above |
| Answer» D. None of the above | |
| 229. |
The price at which one currency is exchanged for another currency is known as: |
| A. | Exchange Control |
| B. | Exchange Rate |
| C. | Exchange Economy |
| D. | All of the above |
| Answer» C. Exchange Economy | |
| 230. |
A type of association usually formed by banks or railroads as a central agency where members can settle accounts is known as: |
| A. | Clearing House |
| B. | Pawnbroking |
| C. | Credit Union |
| D. | All of the above |
| Answer» B. Pawnbroking | |
| 231. |
The goods and services produced by one country that are sold in exchange for the second country s own goods and services or for foreign exchange are called |
| A. | Import |
| B. | Export |
| C. | All of the above |
| D. | None of the above |
| Answer» C. All of the above | |
| 232. |
The bank account on which deposits do not earn interest, but can be with drawn by cheque at any time is called: |
| A. | Demand Account |
| B. | Current Account |
| C. | Fixed Account |
| D. | Profit and Loss Account |
| Answer» C. Fixed Account | |
| 233. |
Financial year of USA starts from: |
| A. | 1st January |
| B. | 1st March |
| C. | 1st July |
| D. | 1st April |
| Answer» D. 1st April | |
| 234. |
In the budget 2001-2002, the largest sector of current expenditure is allocated on: |
| A. | Defence |
| B. | Subsidies |
| C. | Running of civil government |
| D. | Debt servicing |
| Answer» D. Debt servicing | |
| 235. |
In the budget 2001-2002, the government has decided to wind-up one of the following privilege of the new employees: |
| A. | House rent |
| B. | Benevolent fund |
| C. | Pension |
| D. | None of the above |
| Answer» E. | |
| 236. |
In the budget 2001, 2002, what amount the government has allocated to undertake new water projects in the country: |
| A. | Rs. 2 billion |
| B. | Rs. 4 billion |
| C. | Rs. 5 billion |
| D. | Rs. 3 billion |
| Answer» E. | |
| 237. |
At present, India is following - |
| A. | Fixed exchange rate |
| B. | Floating exchange rate |
| C. | Pegged up exchange rate |
| D. | Pegged down exchange rate |
| Answer» C. Pegged up exchange rate | |
| 238. |
A Black Market is a situation where in |
| A. | Goods are loaded by the producers |
| B. | Goods are sold secretly |
| C. | Goods are sold at prices higher than what is fixed by the Government |
| D. | Goods are made available |
| Answer» C. Goods are sold at prices higher than what is fixed by the Government | |
| 239. |
What is referred to as "Depository Services"? |
| A. | A new scheme of fixed deposits |
| B. | A method of regulating stock exchanges |
| C. | An agency for safe-keeping of securities |
| D. | An advisory service to investors |
| Answer» D. An advisory service to investors | |
| 240. |
Buoyancy of a tax is defined as - |
| A. | percentage increase in tax revenue/ percentage increase in tax base |
| B. | increase in tax revenue/ percentage increase in tax coverage |
| C. | increase in tax revenue/increase in tax base |
| D. | percentage increase in tax revenue/ increase in tax coverage |
| Answer» D. percentage increase in tax revenue/ increase in tax coverage | |
| 241. |
Paraellel economy emerges due to - |
| A. | Tax Avoidance |
| B. | Tax Evasion |
| C. | Tax Compliance |
| D. | Tax Estimation |
| Answer» C. Tax Compliance | |
| 242. |
The worldwide Great Depression took place in - |
| A. | 1936 |
| B. | 1929 |
| C. | 1928 |
| D. | 1930 |
| Answer» C. 1928 | |
| 243. |
According to "Tausing": |
| A. | Double the quantity of money and other things, being equal, the prices will be twice as high as before and value of money one half |
| B. | Double the quantity of money and value of money will double |
| C. | Double the quantity of money and other things remaining the same the prices will be half of what they were before and value of money will be double as before |
| D. | None of the above |
| Answer» B. Double the quantity of money and value of money will double | |
| 244. |
Under-writting refers to - |
| A. | under estimation |
| B. | under selling |
| C. | winding up the business |
| D. | an act of insuring risk |
| Answer» E. | |
| 245. |
Government takes 'ways and means advances' from - |
| A. | RBI |
| B. | IDBI |
| C. | SBI |
| D. | ICICI |
| Answer» B. IDBI | |
| 246. |
"Closed Economy" means : |
| A. | no provision for public sector |
| B. | no provision for private sector |
| C. | economy policy not well defined |
| D. | a country having no imports and exports |
| Answer» E. | |
| 247. |
Dumping is a form of price discrimination at - |
| A. | within industry |
| B. | national level |
| C. | international level |
| D. | local level |
| Answer» D. local level | |
| 248. |
'PROTECTION' means - |
| A. | Restrictions imposed on import trade |
| B. | Protection to home industries |
| C. | No free exchange of goods and services between two countries |
| D. | All of the above |
| Answer» E. | |
| 249. |
The 'sunrise industries' imply - |
| A. | petrochemicals and electronics industry |
| B. | sunflower oil industry |
| C. | computer industry |
| D. | chemical industry |
| Answer» B. sunflower oil industry | |
| 250. |
Globalisation means - |
| A. | Integration of economy |
| B. | Integration of financial market |
| C. | Integration of the domestic economy with the world economy |
| D. | Integration of the various sectors of economy |
| Answer» D. Integration of the various sectors of economy | |