Basic Of Economics MCQs

Option A: Limited company

Option B: Registered company

Option C: Public company

Option D: Public limited company

Correct Answer: Registered company ✔

Option A: Credit worthiness

Option B: Credit Worth

Option C: Credit line

Option D: Ratings

Correct Answer: Ratings ✔

Option A: Proxy vote

Option B: Absentia vote

Option C: Remote vote

Option D: Casting vote

Correct Answer: Proxy vote ✔

Option A: A collection of investments, real or financial

Option B: Net assets of a company

Option C: Total profit of company in a year

Option D: Total unmovable assets of a company

Correct Answer: A collection of investments, real or financial ✔

Option A: To startups or internet startup

Option B: Path to profitability

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Oligopoly

Option B: Grey market

Option C: Oligopsony

Option D: Green market

Correct Answer: Oligopsony ✔

Option A: Mainly to Korean equities

Option B: Mainly to international equities

Option C: Mainly to Japanese equities

Option D: Mainly to US equities

Correct Answer: Mainly to international equities ✔

Option A: Lion’s share

Option B: Market share

Option C: Net share

Option D: Holding share

Correct Answer: Market share ✔

Option A: New York Interbank Offered Rates (NIBOR)

Option B: international Interbank Offered Rates (IOBOR)

Option C: London Interbank Offered Rate (LIBOR)

Option D: USA Interbank Offered Rate (UIBOR)

Correct Answer: London Interbank Offered Rate (LIBOR) ✔

Option A: Solvency

Option B: Crash

Option C: Bankruptcy

Option D: Liquidation

Correct Answer: Liquidation ✔

Option A: A free market is necessary for economic growth and stability

Option B: Regulation is necessary for economic growth and stability

Option C: Active government intervention is necessary to ensure economic growth and stability

Option D: Government intervention is not necessary to ensure economic growth and stability

Correct Answer: Active government intervention is necessary to ensure economic growth and stability ✔

Option A: joint company

Option B: Joint stock company

Option C: Limited joint company

Option D: Limited Company

Correct Answer: Joint stock company ✔

Option A: A firm that is unable to pay debts

Option B: A firm that is liquidated

Option C: A firm that is for sale

Option D: A firm that has more liabilities than assets

Correct Answer: A firm that is unable to pay debts ✔

Option A: That moves across country borders in response to interest rate differences

Option B: That moves away when the interest rate differential

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Going legal

Option B: Book corporation

Option C: Chartered corporation

Option D: Incorporation

Correct Answer: Incorporation ✔

Option A: Bonus

Option B: Up level

Option C: Goodwill

Option D: Upgradation

Correct Answer: Goodwill ✔

Option A: Public offering

Option B: Public floating

Option C: going public

Option D: Coming public

Correct Answer: going public ✔

Option A: Free float

Option B: Clean float

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Foreclosure

Option B: Default

Option C: Bankrupt

Option D: None of these

Correct Answer: Foreclosure ✔

Option A: Pagged exchanged rate

Option B: Fixed exchange rate

Option C: Relative exchange rate

Option D: Knotted exchange rate

Correct Answer: Fixed exchange rate ✔

Option A: Cooperative company

Option B: Finance corporation

Option C: Limited company

Option D: Finance company

Correct Answer: Finance corporation ✔

Option A: European Currency System (ECS)

Option B: European Monetary Mechanism (EMM)

Option C: Common Monetary System (CMS)

Option D: European Monetary Fund (EMF)

Correct Answer: Common Monetary System (CMS) ✔

Option A: Deposit outside one’s home country but in the home country currency

Option B: European currency unit, introduced on January 1, 1999

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Financial markets of developing economies

Option B: Financial markets of East Europe’s economies

Option C: Financial markets of Asian economies

Option D: Financial markets of Latin America

Correct Answer: Financial markets of developing economies ✔

Option A: Drawback

Option B: Duty

Option C: Custom

Option D: Excise

Correct Answer: Duty ✔

Option A: Gross Profit

Option B: Profit share

Option C: Dividend

Option D: Right share

Correct Answer: Dividend ✔

Option A: Deflated market

Option B: Depressed market

Option C: Bearish market

Option D: Weak market

Correct Answer: Depressed market ✔

Option A: Deflector

Option B: Purchasing power parity

Option C: Inflator

Option D: Deflation

Correct Answer: Deflector ✔

Option A: Rolling debt

Option B: Bad debt

Option C: Rescheduling

Option D: Default

Correct Answer: Default ✔

Option A: To write-off debt

Option B: To reschedule debt

Option C: To repay debt in easy installments

Option D: The complete repayment of debt

Correct Answer: The complete repayment of debt ✔

Option A: Debenture

Option B: Securities

Option C: Credit rating

Option D: None of them

Correct Answer: Debenture ✔

Option A: Credibility

Option B: Credit risk

Option C: Credit credibility

Option D: Credit rating

Correct Answer: Credit risk ✔

Option A: International economic risk

Option B: Country economic risk

Option C: Ultra-country economic risk

Option D: Outcome risk

Correct Answer: Country economic risk ✔

Option A: Efficient Account

Option B: Cost Accounting

Option C: Ultra-country economic risk

Option D: Outcome risk

Correct Answer: Cost Accounting ✔

Option A: Gross interest

Option B: Simple interest

Option C: Total interest

Option D: Compound interest

Correct Answer: Simple interest ✔

Option A: Free movement of capital and labor

Option B: Free movement of goods and services

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Stock market

Option B: Open market

Option C: Capital market

Option D: International market

Correct Answer: Capital market ✔

Option A: Bull market

Option B: Beamish market

Option C: Upward market

Option D: Hot market

Correct Answer: Bull market ✔

Option A: Bounce

Option B: Return

Option C: Grossed

Option D: Refused

Correct Answer: Bounce ✔

Option A: Internal laws

Option B: By laws

Option C: Character

Option D: Memorandum of articles

Correct Answer: By laws ✔

Option A: Spreadsheet

Option B: Splinter

Option C: Family growth

Option D: Butterfly

Correct Answer: Butterfly ✔

Option A: A multinational company

Option B: Large and creditworthy company

Option C: A conglomerate company

Option D: A consortium of companies

Correct Answer: Large and creditworthy company ✔

Option A: Offer price

Option B: Bid price

Option C: Quote price

Option D: Market price

Correct Answer: Bid price ✔

Option A: Nationalist policy

Option B: Domestic policy

Option C: Protectionist policy

Option D: Beggar-thy-beighbour

Correct Answer: Beggar-thy-beighbour ✔

Option A: B2B

Option B: Indirect contact

Option C: Step by step

Option D: Trickle down

Correct Answer: B2B ✔

Option A: Balanced

Option B: At Equilibrium

Option C: At Par

Option D: None of them

Correct Answer: At Par ✔

Option A: Assets of business that can be applied to its operation

Option B: Amount of current assets that exceeds current liabilities

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: To assume financial responsibility for grantee against failure

Option B: To sign so as to assume liability in case of specified losses

Option C: To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price

Option D: All of them

Correct Answer: All of them ✔

Option A: Bond

Option B: Treasury bill

Option C: Term bound

Option D: Securities

Correct Answer: Treasury bill ✔

Option A: Used to identify a commercial product or service

Option B: By which commodity service or process is known to trade

Option C: Under which a business firm operates

Option D: All of them

Correct Answer: All of them ✔

Option A: Bond deposit

Option B: term deposit

Option C: time deposit

Option D: Fixed investment

Correct Answer: term deposit ✔

Option A: Custom

Option B: Exercise Duty

Option C: Tariff

Option D: Freight

Correct Answer: Tariff ✔

Option A: Liberalism

Option B: Free market economics

Option C: Supply-side economics

Option D: Supervised market

Correct Answer: Supply-side economics ✔

Option A: Financial assistance given by one person or government to another

Option B: Financial assistance given to poor people

Option C: Financial assistance given to aged people

Option D: Financial assistance given to small companies

Correct Answer: Financial assistance given by one person or government to another ✔

Option A: Idealism

Option B: Blind game

Option C: Speculation

Option D: Risk covering

Correct Answer: Speculation ✔

Option A: Economics assistance provided by social security

Option B: Economic assistance to persons who faced unemployment, disability of agedness, financed by assessment of employers and employees

Option C: Both a & b

Option D: Nor a nor b

Correct Answer: Both a & b ✔

Option A: Holdings

Option B: Reserves

Option C: Foreign currency

Option D: Treasure

Correct Answer: Reserves ✔

Option A: Power to buy foreign currency

Option B: Foreign currency holding

Option C: Ratio at which unit of one country’s currency is exchanged for unit of another country currency

Option D: None of them

Correct Answer: C. Ratio at which unit of one country’s currency is exchanged for unit of another country currency ✔

Option A: Public corporations

Option B: Central and local government.

Option C: Nationalized industries

Option D: All of them

Correct Answer: All of them ✔

Option A: Domestication

Option B: Protectionism

Option C: Localization

Option D: National interest

Correct Answer: Protectionism ✔

Option A: Promissory Note (PN)

Option B: Note of hand

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: To increase price artificially

Option B: Maintenance of price through public subsidy or government intervention

Option C: To enhance price

Option D: To maintain price at specific level

Correct Answer: Maintenance of price through public subsidy or government intervention ✔

Option A: Unlawful agreement between manufacturers to set and maintain specified price on typically competing products

Option B: Artificial setting of price of commodity by government

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: In which economists control production

Option B: In which production and distribution of wealth is under government’s control

Option C: In which technocrats control production

Option D: In which government controls distribution

Correct Answer: B. In which production and distribution of wealth is under government’s control ✔

Option A: Open door market

Option B: Open door country

Option C: Open sky market

Option D: Free economy

Correct Answer: Open door market ✔

Option A: National income

Option B: Public income

Option C: Local income

Option D: Gross income

Correct Answer: National income ✔

Option A: combine fund

Option B: Mutual fund

Option C: Liquid fund

Option D: Stock holding company

Correct Answer: Mutual fund ✔

Option A: Multinational corporation

Option B: Multinational company

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Farming practice of growing a single crop

Option B: Homogeneous Nations

Option C: Homogeneous market

Option D: Homogeneous business

Correct Answer: Farming practice of growing a single crop ✔

Option A: Market Economy

Option B: Free Market

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Macroeconomics

Option B: Gross economics

Option C: Mega economics

Option D: Micro economics

Correct Answer: Macroeconomics ✔

Option A: To convert assets into cash

Option B: Abolish

Option C: Both of them

Option D: All of them

Correct Answer: Both of them ✔

Option A: The free market

Option B: Gold standard

Option C: Laissez faire

Option D: All of these

Correct Answer: All of these ✔

Option A: letter of Credit

Option B: Letter of expression

Option C: Demand draft

Option D: Letter of intent

Correct Answer: letter of Credit ✔

Option A: Labor force

Option B: Labor potential

Option C: Work force

Option D: All of them

Correct Answer: Labor force ✔

Option A: List of stock a company own

Option B: List of assets of a corporation

Option C: Total obligation of a firm

Option D: An evaluation or a survey, as of abilities or resources

Correct Answer: An evaluation or a survey, as of abilities or resources ✔

Option A: Increase in the amount of circulating money

Option B: Lowering of purchasing power

Option C: Decrease in the amount of circulation money

Option D: None of the above

Correct Answer: Increase in the amount of circulating money ✔

Option A: Hyperinflation

Option B: Ultra-inflation

Option C: A cute inflation

Option D: Super inflation

Correct Answer: Hyperinflation ✔

Option A: Any currency backed by gold or silver bullion rather than credit

Option B: Stable currency value of which does not fluctuate greatly

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Grey market

Option B: White market

Option C: Red market

Option D: Open market

Correct Answer: Grey market ✔

Option A: Generic

Option B: Forged goods

Option C: Contraband

Option D: Clean goods

Correct Answer: Generic ✔

Option A: Open trade

Option B: Free trade

Option C: Open sky trade

Option D: Easy trade

Correct Answer: Free trade ✔

Option A: Where no export duties are levied

Option B: Where no import duties are levied

Option C: Where no expert or import duties are levied

Option D: Where everything can be import or export

Correct Answer: Where no expert or import duties are levied ✔

Option A: Four Dragons

Option B: Little Tigers

Option C: Four Tigers

Option D: All of these

Correct Answer: Four Tigers ✔

Option A: Transaction of International monetary business

Option B: Negotiable bills drawn in one country to be paid in another country

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Confiscation

Option B: Bankruptcy

Option C: Forfeiture

Option D: Debenture

Correct Answer: Forfeiture ✔

Option A: Fiscal period

Option B: Calendar year

Option C: Year unit

Option D: Fiscal year (FY)

Correct Answer: Fiscal year (FY) ✔

Option A: Military system

Option B: Land based system

Option C: Feudal system

Option D: Rural system

Correct Answer: Feudal system ✔

Option A: A tax levied on certain articles produced and consumed in a country

Option B: A licensing charge or a fee levied for certain privileges

Option C: Both of these

Option D: None of the above

Correct Answer: Both of these ✔

Option A: The market value of securities less any debt incurred and common stock and preferred stock

Option B: Funds provided to a business by the sale of stock

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Embargo

Option B: Contraband

Option C: Ban

Option D: Restriction

Correct Answer: Embargo ✔

Option A: sale of goods in large quantities with high quality

Option B: Scale of goods in large quantities with low quality

Option C: Scale of goods in large quantities and at low price

Option D: Scale of goods in large quantities with High price

Correct Answer: Scale of goods in large quantities and at low price ✔

Option A: Nikki Index

Option B: NASDAQ

Option C: Dow Jones Index

Option D: Major Index

Correct Answer: Dow Jones Index ✔

Option A: Share

Option B: Profit-share

Option C: Dividend

Option D: Margin

Correct Answer: Dividend ✔

Option A: Demurrage

Option B: Penalty

Option C: Charges

Option D: Fine

Correct Answer: Demurrage ✔

Option A: Devolution

Option B: Devaluation

Option C: Price cap

Option D: Cut-rate

Correct Answer: Devaluation ✔

Option A: Demand push

Option B: Demand pulls

Option C: Cost pull

Option D: Demand supply

Correct Answer: Demand pulls ✔

Option A: Debt Payment

Option B: Service Charges

Option C: Debt Charges

Option D: Debt service

Correct Answer: Debt service ✔

Option A: Decreased production costs drive prices up

Option B: Decreased production costs drive prices down

Option C: increased production costs drive prices down

Option D: increased production costs drive prices up

Correct Answer: increased production costs drive prices up ✔

Option A: Free adjustment

Option B: Cost effective adjustment

Option C: Comparative adjustment

Option D: Cost of living adjustment

Correct Answer: Cost of living adjustment ✔