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.
| 401. |
"Legal Tender Money" refers to : |
| A. | Cheques |
| B. | Drafts |
| C. | Bill of exchange |
| D. | Currency notes |
| Answer» E. | |
| 402. |
A want becomes a demand only when it is backed by the - |
| A. | Ability to purchase |
| B. | Necessity to buy |
| C. | Desire to buy |
| D. | Utility of the product |
| Answer» B. Necessity to buy | |
| 403. |
Inflation is a situation characterized by |
| A. | Too much money chasing too few goods |
| B. | Too few money chasing too much goods |
| C. | Too many people chasing too few goods |
| D. | Too many people chasing too little money |
| Answer» B. Too few money chasing too much goods | |
| 404. |
The incidence of sales tax falls on - |
| A. | Consumers |
| B. | Wholesale dealers |
| C. | Retail dealers |
| D. | Producers |
| Answer» B. Wholesale dealers | |
| 405. |
The rate of tax increase as the amount of the Lax base Increases is called- |
| A. | Proportional tax |
| B. | Progressive tax |
| C. | Regressive tax |
| D. | Degressive tax |
| Answer» C. Regressive tax | |
| 406. |
The amount of a company s profit that the board of directors decides to distribute to ordinary shareholders is known as: |
| A. | Deficit |
| B. | Dividend |
| C. | Loss |
| D. | Capital |
| Answer» C. Loss | |
| 407. |
The capital that is not invested in fixed assets but the work in process is called: |
| A. | Floating Change |
| B. | Floating debt |
| C. | Floating Trust. |
| D. | Floating Capital |
| Answer» E. | |
| 408. |
One of the features of a free market economy is - |
| A. | active state intervention |
| B. | public ownership of factors of production |
| C. | rationing and price control |
| D. | consumer's sovereignty |
| Answer» E. | |
| 409. |
The sum total of incomes received for the services of labour, land or capital in a country is called |
| A. | Gross domestic product |
| B. | National income |
| C. | Gross domestic income |
| D. | Gross national income |
| Answer» D. Gross national income | |
| 410. |
A downturn in the business cycle in which there is a sustained high level of unemployment is called |
| A. | Inactivity |
| B. | Depression |
| C. | Paralysis |
| D. | Decline |
| Answer» C. Paralysis | |
| 411. |
The Government of Pakistan has given certain incentives to farmers for growing black tea on experimental basis at: |
| A. | Peshawar |
| B. | Mardan |
| C. | Mansehra |
| D. | D.G. Khan |
| Answer» D. D.G. Khan | |
| 412. |
According to a recent report of International Labour Organization (ILO) the number of people in the World living on two dollars or less a day are: |
| A. | 2 billion |
| B. | 3 billion |
| C. | 3.5 billion |
| D. | 4 billion |
| Answer» C. 3.5 billion | |
| 413. |
The Islamic Development Bank would provide half a billion US dollars in Capital to create-- |
| A. | Private Pan Islamic Bank |
| B. | International Islamic Foundation for Science and Technology |
| C. | Refugees Rehabilitation Fund |
| D. | None of the above |
| Answer» C. Refugees Rehabilitation Fund | |
| 414. |
The fusion of two or more separate companies into one is referred to as: |
| A. | Alliance |
| B. | Merger |
| C. | Separation |
| D. | Disintegration |
| Answer» C. Separation | |
| 415. |
Identify Pakistan s largest gas fired power plant: |
| A. | Faisalabad Gas Turbine Power Plant |
| B. | Uch Power Plant |
| C. | Gomal Power Plant |
| D. | Malakand the Dargai Power Plant |
| Answer» C. Gomal Power Plant | |
| 416. |
Identify the duration of the First five year plan of Pakistan: |
| A. | 1948 - 52 |
| B. | 1955 60 |
| C. | 1960 - 65 |
| D. | 1962 - 67 |
| Answer» C. 1960 - 65 | |
| 417. |
The degree to which a firm exercise influence over the price and output in a particular market is called: |
| A. | Market Force |
| B. | Market Share |
| C. | Market Power |
| D. | Market Failure |
| Answer» D. Market Failure | |
| 418. |
Bimetallism is the monetary policy based on the use of two metals, as legal tender without limit and equalized by law in a fixed ratio. Which are these two metals? |
| A. | Platinum and Gold |
| B. | Gold and Silver |
| C. | Platinum and Silver |
| D. | All of the above |
| Answer» C. Platinum and Silver | |
| 419. |
The functions of sales, distribution, advertising and sales promotion, product planning and market research are termed as: |
| A. | Finance |
| B. | Marketing |
| C. | Business |
| D. | All of the above |
| Answer» C. Business | |
| 420. |
The government in Pakistan has recently withdrew sales tax on one of the following items: |
| A. | Mobile phone cards |
| B. | Medicine |
| C. | Edible oil |
| D. | Tea |
| Answer» D. Tea | |
| 421. |
Large-scale shedding of employees by major corporations sometimes referred to the disposal of subsidiaries and other unwanted activities is called: |
| A. | Downsizing |
| B. | Rightsizing |
| C. | Both of the above |
| D. | None of the above |
| Answer» D. None of the above | |
| 422. |
Under the Constitution of Pakistan, National Finance Commission distribute the amount from federal taxes to provinces on the basis of: |
| A. | Area |
| B. | Population |
| C. | Natural Resources |
| D. | Equality |
| Answer» C. Natural Resources | |
| 423. |
An unincorporated business formed by the association of two or more persons who share risks and profits is called: |
| A. | Merger |
| B. | Alliance |
| C. | Partnership |
| D. | Corporation |
| Answer» D. Corporation | |
| 424. |
Taxation on the income and resources of individuals or organization is known as: |
| A. | Double Taxation |
| B. | Indirect Taxation |
| C. | Direct Taxation |
| D. | All of the above |
| Answer» D. All of the above | |
| 425. |
Open market operations of RBI refer to buying and selling of - |
| A. | Commercial bills |
| B. | Foreign exchange |
| C. | Gold |
| D. | Government bonds |
| Answer» E. | |
| 426. |
The branch of economics concerned with providing funds to individuals, business and governments is called: |
| A. | Econometrics |
| B. | Microeconomics |
| C. | Macroeconomics |
| D. | Finance |
| Answer» E. | |
| 427. |
The law governing the establishment and conduct of incorporated business enterprise is called |
| A. | Civil Law |
| B. | Natural Law |
| C. | Company Law |
| D. | Cyber Law |
| Answer» D. Cyber Law | |
| 428. |
In which of the South Asian Countries, the infant mortality rate is highest? |
| A. | Pakistan |
| B. | India |
| C. | Bangladesh |
| D. | Sri Lanka |
| Answer» B. India | |
| 429. |
Which of the following is an example of common market? |
| A. | European Union |
| B. | Mercosur |
| C. | Andean Pact |
| D. | All of the above |
| Answer» E. | |
| 430. |
What is the name given to companies legally controlled by other companies? |
| A. | Franchise |
| B. | Consortium |
| C. | Subsidiaries |
| D. | Merger |
| Answer» D. Merger | |
| 431. |
The excess of an expenditure flow over an income flow is termed as: |
| A. | Loss |
| B. | Deficit |
| C. | Surplus |
| D. | Shortage |
| Answer» C. Surplus | |
| 432. |
The contractual arrangement under which an independent franchisee produces or sells a product or service under the brand name of the franchiser is known as |
| A. | Franchising |
| B. | License |
| C. | Warrant |
| D. | Charter |
| Answer» B. License | |
| 433. |
The desire for a particular good or service supported by the possession of the necessary means of exchange to effect ownership is called: |
| A. | Supply |
| B. | Demand |
| C. | Loss |
| D. | Incentive |
| Answer» C. Loss | |
| 434. |
Taxation is a tool of - |
| A. | Monetary-policy |
| B. | Fiscal policy |
| C. | Price policy |
| D. | Wage policy |
| Answer» C. Price policy | |
| 435. |
Trade by exchange of Commodities is called: |
| A. | International Trade |
| B. | Foreign Exchange |
| C. | Line of Credit |
| D. | Barter Trade |
| Answer» E. | |
| 436. |
'Galloping Inflation' is also known as - |
| A. | Walking Inflation |
| B. | Running Inflation |
| C. | Hyper Inflation |
| D. | Creeping Inflation |
| Answer» D. Creeping Inflation | |
| 437. |
Floating Exchange Rate is also referred to as - |
| A. | Flexible Exchange Rate |
| B. | Fixed Exchange Rate |
| C. | Real Exchange Rate |
| D. | Controlled Exchange Rate |
| Answer» B. Fixed Exchange Rate | |
| 438. |
Who issues one-rupee coin in Pakistan? |
| A. | Government of Pakistan |
| B. | State Bank of Pakistan |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. State Bank of Pakistan | |
| 439. |
The Ability Principle of Taxation is given by - |
| A. | Adam Smith |
| B. | Edgeworth |
| C. | Joan Robinson |
| D. | J.S.Mill |
| Answer» B. Edgeworth | |
| 440. |
Who issue two-rupee note in Pakistan? |
| A. | Government of Pakistan |
| B. | State Bank of Pakistan |
| C. | Both of the above |
| D. | None of the above |
| Answer» C. Both of the above | |
| 441. |
The residual value of a company s assets after all outside liabilities have been allowed for is called |
| A. | Capital |
| B. | Annuity |
| C. | Equity |
| D. | Business |
| Answer» D. Business | |
| 442. |
A speculator who enters into a purchase transaction with a view to sell in the near future when the price would have risen is called a - |
| A. | Bear |
| B. | Bull |
| C. | Bison |
| D. | Boar |
| Answer» C. Bison | |
| 443. |
National income accounting is the study of the income and expenditure of the entire - |
| A. | family |
| B. | state |
| C. | economy |
| D. | organisation |
| Answer» D. organisation | |
| 444. |
The most common example of an international cartel is the |
| A. | South Asian Association for Regional Corporation. (SAARC) |
| B. | Organization of Petroleum Exporting Countries (OPEC) |
| C. | Economic Commission for Europe (ECE) |
| D. | International Monetary Fund (IMF) |
| Answer» C. Economic Commission for Europe (ECE) | |
| 445. |
Net National Product of a country is - |
| A. | GDP minus depreciation allowances |
| B. | GDP plus net income from abroad |
| C. | GNP minus net income from abroad |
| D. | GNP minus depreciation allowances |
| Answer» E. | |
| 446. |
Which province has the highest literacy rate? |
| A. | N.W.F.P. |
| B. | Balochistan |
| C. | Punjab |
| D. | Sindh |
| Answer» E. | |
| 447. |
The world's most Powerful super computer is called: |
| A. | ASCI White |
| B. | ASCI Red |
| C. | ASCI Pink |
| D. | None of the above |
| Answer» B. ASCI Red | |
| 448. |
Whch of the following curve describes the variation of household expenditure on a particular good with respect to household income? |
| A. | Demand curve |
| B. | Engel curve |
| C. | Great Cats by curve |
| D. | Cost curve |
| Answer» C. Great Cats by curve | |
| 449. |
The branch of economics concerned with how businesses raise and spend their money is known as |
| A. | Econometrics |
| B. | Finance |
| C. | Macroeconomics |
| D. | Corporate Finance. |
| Answer» E. | |
| 450. |
A siuation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as - |
| A. | Absolute Poverty |
| B. | Relative Poverty |
| C. | Urban Poverty |
| D. | Rural Poverty |
| Answer» B. Relative Poverty | |