MCQOPTIONS
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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.
| 251. |
The demand curve shows that price and quantity demanded are - |
| A. | directly related only |
| B. | directly proportional and also directly related |
| C. | inversely proportional and aslo inversely related |
| D. | inversely related only |
| Answer» D. inversely related only | |
| 252. |
"Interest is a reward for parting with liquidity" is according to - |
| A. | Keynes |
| B. | Marshall |
| C. | Haberler |
| D. | Ohlin |
| Answer» B. Marshall | |
| 253. |
Elasticity of demand is the degree of responsiveness of demand of a commodity to a - |
| A. | change in consumers' wealth |
| B. | change in the price of substitutes |
| C. | change in consumers' tastes |
| D. | change in its price |
| Answer» E. | |
| 254. |
The General Agreement on Tariffs and Trade trade rounds concentrated on reducing tariffs. Which round was the first major attempt to tackle trade barriers and to improve the system? This eighth round is called: |
| A. | Kennedy Round |
| B. | Tokyo Round |
| C. | Uruguay Round |
| D. | All of the above |
| Answer» D. All of the above | |
| 255. |
An individual's actual standard of living can be assessed by - |
| A. | Gross National Income |
| B. | Net National Income |
| C. | Per Capita Income |
| D. | Disposable Personal Income |
| Answer» D. Disposable Personal Income | |
| 256. |
Collective consumption means - |
| A. | household consumption |
| B. | individual consumption |
| C. | self-consumption |
| D. | consumption by the citizens of the country |
| Answer» E. | |
| 257. |
Capital market deals with - |
| A. | Short term fund |
| B. | Long term fund |
| C. | Cash |
| D. | Both long and short term funds |
| Answer» C. Cash | |
| 258. |
Gresham's law is related to - |
| A. | Consumption and demand |
| B. | Supply and demand |
| C. | Circulation of money |
| D. | Deficit financing |
| Answer» D. Deficit financing | |
| 259. |
Liquidity Preference means - |
| A. | holding assets in the form of bonds and shares |
| B. | holding assets in the form of cash |
| C. | creation of immovable property |
| D. | assets in the form of jewellery |
| Answer» C. creation of immovable property | |
| 260. |
Full convertibility of a rupeee means - |
| A. | purchase of foreign exchange for rupees freely |
| B. | payment for imports in terms of ruppes |
| C. | repayment of loans in terms of rupees |
| D. | determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply |
| Answer» E. | |
| 261. |
MUDRA Bank has been launched to help - |
| A. | Small business |
| B. | Marginal farmers |
| C. | Poor women |
| D. | Rural sector |
| Answer» B. Marginal farmers | |
| 262. |
What is "narrow money"? |
| A. | The sum of currency in circulation and the demand deposits in banks |
| B. | The sum of MI money and the time deposits |
| C. | The sum of currency in circulation with the public and the cash reserves held by banks |
| D. | The market value of the stocks held by all the holders excluding the promoters |
| Answer» B. The sum of MI money and the time deposits | |
| 263. |
Non-wage or salary rewards provided for employees are called: |
| A. | Fringe Benefits |
| B. | Basic Pay |
| C. | Social Security |
| D. | None of the above |
| Answer» B. Basic Pay | |
| 264. |
New capital issue is placed in - |
| A. | Secondary market |
| B. | Grey market |
| C. | Primary market |
| D. | Black market |
| Answer» D. Black market | |
| 265. |
Extension or contraction of quantity demanded of a commodity is a result of a change in the - |
| A. | unit price of the commodity |
| B. | income of the consutner |
| C. | tastes of the consumer |
| D. | climate of the region |
| Answer» B. income of the consutner | |
| 266. |
The Balance of payment is understood as: |
| A. | The balance of amount after paying debt |
| B. | The balance of income and expenditure in the annual budget |
| C. | The balance between a nation's expenditure on imports and its receipts from exports. |
| D. | None of the above |
| Answer» D. None of the above | |
| 267. |
J. B. Say's Law of Market was not accepted by - |
| A. | Adam Smith |
| B. | Marshall |
| C. | Malthus |
| D. | David Ricardo |
| Answer» C. Malthus | |
| 268. |
The theory of "Maximum Social Advantage" in Public Finance Was given by |
| A. | Robbins |
| B. | Musgrave |
| C. | Findley |
| D. | Dalten |
| Answer» E. | |
| 269. |
Gresham's Law means - |
| A. | Good money replaces bad money in circulation |
| B. | Bad money replaces good money in circulation |
| C. | Good money promotes bad money in the system |
| D. | Bad money promotes good money in the system |
| Answer» C. Good money promotes bad money in the system | |
| 270. |
Insider trading is related to - |
| A. | Trade sector |
| B. | Share market |
| C. | Credit market |
| D. | Horse racing |
| Answer» C. Credit market | |
| 271. |
Consumptions function refers to - |
| A. | relationship between income and employment |
| B. | relationship between savings and investment |
| C. | relationship between input and output |
| D. | relationship between income and consumption |
| Answer» E. | |
| 272. |
'Take-off stage' in an economy means - |
| A. | Steady growth begins. |
| B. | Economy is stagnant. |
| C. | Economy is about to collapse. |
| D. | All controls are removed. |
| Answer» B. Economy is stagnant. | |
| 273. |
Disinvestments is - |
| A. | offloading of shares of privates companies to government |
| B. | offloading of government shares to private companies |
| C. | increase in investment |
| D. | closing down of business concerns |
| Answer» C. increase in investment | |
| 274. |
Which sector is the largest and fastest growing sector of the world economy, providing more than 60% of global output? |
| A. | Agricultural Sector |
| B. | Service Sector |
| C. | Industrial Sector |
| D. | Forestry |
| Answer» C. Industrial Sector | |
| 275. |
Third stage of Law of Variable Proportion is called - |
| A. | negative returns |
| B. | positive returns |
| C. | constant returns |
| D. | increasing returns |
| Answer» B. positive returns | |
| 276. |
Which of the following is not an economic problem? |
| A. | Deciding between paid work leisure |
| B. | Deciding between expenditure on one good and the other |
| C. | Deciding between alternative methods of personal savings |
| D. | Deciding between different ways of spending leisure time |
| Answer» D. Deciding between different ways of spending leisure time | |
| 277. |
The innovation theory of profit was proposed by - |
| A. | Marshall |
| B. | Clark |
| C. | Schumpeter |
| D. | Joan Robbinson |
| Answer» D. Joan Robbinson | |
| 278. |
Tha Law of Demand is based on - |
| A. | Manufacturer's preference |
| B. | Seller's preference |
| C. | Supplier's preference |
| D. | Consumer's preference |
| Answer» E. | |
| 279. |
A Trade Policy consists of - |
| A. | Export-Import Policy |
| B. | Licencing Policy |
| C. | Foreign Exchange Policy |
| D. | Balance of Payment Policy |
| Answer» B. Licencing Policy | |
| 280. |
The expenses on advertising is called - |
| A. | Implicit cost |
| B. | Surplus cost |
| C. | Fixed cost |
| D. | Selling cost |
| Answer» E. | |
| 281. |
Who was appointed Caretaker Prime Minister when National Assembly was dissolved on April 18, 1993? |
| A. | Malik Meraj Khalid |
| B. | Moen Qureshi |
| C. | Ghulam Mustafa Jatoi |
| D. | Balkh Sher Mazari |
| Answer» E. | |
| 282. |
Given the money wages, if the price level in an economy increases, then the real wages will - |
| A. | increase |
| B. | decrease |
| C. | remain constant |
| D. | become flexible |
| Answer» C. remain constant | |
| 283. |
State which of the following is correct? The Consumer Price Index reflects - |
| A. | the standard of living |
| B. | the extent of inflation in the prices of consumer goods |
| C. | the increasing per capita income |
| D. | the growth of the economy |
| Answer» C. the increasing per capita income | |
| 284. |
In Economics, production means - |
| A. | manufacturing |
| B. | making |
| C. | creating utility |
| D. | farming |
| Answer» D. farming | |
| 285. |
The most distinguishing feature of oligopaly is - |
| A. | number of firms |
| B. | interdependence |
| C. | negligible influence on price |
| D. | price leadership |
| Answer» C. negligible influence on price | |
| 286. |
What is included in the Tetiary sector? |
| A. | Banking |
| B. | Manufacturing |
| C. | Forestry |
| D. | Mining |
| Answer» B. Manufacturing | |
| 287. |
Minimum payment to factor of production is called - |
| A. | Quasi Rent |
| B. | Rent |
| C. | Wages |
| D. | Transfer Payment |
| Answer» E. | |
| 288. |
Consumer's surplus is the highest in the case of: |
| A. | durable goods |
| B. | luxuries |
| C. | comforts |
| D. | necessities |
| Answer» E. | |
| 289. |
Which of the following cost curve is never `U' shaped ? |
| A. | Marginal cost curve |
| B. | Average variable cost curve |
| C. | Average fixed cost curve |
| D. | Average cost curve |
| Answer» D. Average cost curve | |
| 290. |
Bread and butter, car and petrol are examples of goods which have - |
| A. | composite demand |
| B. | joint demand |
| C. | derived demand |
| D. | autonomous demand |
| Answer» D. autonomous demand | |
| 291. |
Perfect competition means - |
| A. | large number of buyers and less sellers |
| B. | large number of buyers and sellers |
| C. | large number of sellers and less buyers |
| D. | None of these |
| Answer» C. large number of sellers and less buyers | |
| 292. |
Industrial exit policy means - |
| A. | forcing foreign companies to leave India |
| B. | forcing business units to move out of congested localities |
| C. | allowing manufacturers to shift their line of products |
| D. | allowing business units to close down |
| Answer» E. | |
| 293. |
An expenditure that has been made and cannot be recovered is called - |
| A. | Variable cost |
| B. | Opportunity cost |
| C. | Sunk cost |
| D. | Operational cost |
| Answer» D. Operational cost | |
| 294. |
Prime cost is equal to - |
| A. | Variable cost plus administrative cost |
| B. | Variable cost plus fixed costs |
| C. | Variable cost only |
| D. | Fixed cost only |
| Answer» B. Variable cost plus fixed costs | |
| 295. |
Which one of the following is not a dimension of human development, index? |
| A. | Life expectancy |
| B. | Knowledge |
| C. | Social status |
| D. | Standard of living |
| Answer» D. Standard of living | |
| 296. |
Government securities are considered liquid because they are - |
| A. | backed by the Government treasury |
| B. | convertible into other types of saving deposits |
| C. | quickly and easily marketable |
| D. | stable in value |
| Answer» D. stable in value | |
| 297. |
"Supply creates its own demand" - Who said this? |
| A. | J. B. Say |
| B. | J. S. Mill |
| C. | J. M. Keynes |
| D. | Senior |
| Answer» B. J. S. Mill | |
| 298. |
The World Trade Organization (WTO) is the only international body dealing with the rules of trade between nations. The World Trade Organization began life on 1st of |
| A. | January 1993 |
| B. | January 1994 |
| C. | January 1995 |
| D. | January 1996 |
| Answer» D. January 1996 | |
| 299. |
Which trade round was the latest and most extensive of all and it finally led to the World Trade Organization and a new set of agreements. It lasted from 1986 to 1994. |
| A. | Kennedy Round |
| B. | Tokyo Round |
| C. | Doha Round |
| D. | Uruguay Round |
| Answer» E. | |
| 300. |
Who said 'Supply creates its own demand'? |
| A. | Adam Smith |
| B. | J.B.Saw |
| C. | Marshall |
| D. | Ricardo |
| Answer» C. Marshall | |