Economics MCQs

Option A: Conglomerate

Option B: Multinational

Option C: giant

Option D: Incorporation

Correct Answer: Conglomerate ✔

Option A: Savior

Option B: Company doctor

Option C: Super manager

Option D: Manager doctor

Correct Answer: Manager doctor ✔

Option A: Night Price

Option B: Closing Price

Option C: End price

Option D: Final price

Correct Answer: Closing Price ✔

Option A: Profit tax

Option B: Capital gains tax

Option C: Excise duty

Option D: Capital tax

Correct Answer: Capital gains tax ✔

Option A: A big company

Option B: Stock market

Option C: Joint-stock

Option D: A multinational company

Correct Answer: Stock market ✔

Option A: Call price

Option B: Bid price

Option C: Term Price

Option D: Future Price

Correct Answer: Call price ✔

Option A: Short-positioning

Option B: Buyback

Option C: Drawback

Option D: None of them

Correct Answer: Buyback ✔

Option A: Management

Option B: Board of Governor

Option C: Top brass

Option D: Board of Directors

Correct Answer: Board of Directors ✔

Option A: Open bond

Option B: Blank bond

Option C: Term bond

Option D: Bearer bond

Correct Answer: Bearer bond ✔

Option A: Bid

Option B: Offer price

Option C: Quote price

Option D: None of these

Correct Answer: Bid ✔

Option A: Market with upward and stock prices.

Option B: Market with a prolonged period of falling stock prices

Option C: A very big market

Option D: A very big industrial market

Correct Answer: Market with a prolonged period of falling stock prices ✔

Option A: Checking

Option B: Audit

Option C: Stock-taking

Option D: Accounting

Correct Answer: Audit ✔

Option A: A currency substitutes

Option B: Coins

Option C: De-valued currency

Option D: Silver

Correct Answer: A currency substitutes ✔

Option A: Value addition

Option B: Excise

Option C: Value added

Option D: Tax on stage

Correct Answer: Value added ✔

Option A: Employed only part time when one needs full time employment

Option B: Inadequately employed

Option C: Note fully used or employed

Option D: All of them

Correct Answer: All of them ✔

Option A: Insignia

Option B: Patent mark

Option C: Trade Mark

Option D: Identification mark

Correct Answer: Trade Mark ✔

Option A: Income from export

Option B: Difference between imports and exports

Option C: Income from imports

Option D: All of them

Correct Answer: Difference between imports and exports ✔

Option A: Application of science to achieve a commercial or industrial objective

Option B: Application of modern science in the country

Option C: Science based know low

Option D: All of these

Correct Answer: Application of science to achieve a commercial or industrial objective ✔

Option A: Prudent development

Option B: Sustainable development

Option C: Managed economy

Option D: None of these

Correct Answer: Sustainable development ✔

Option A: Cost push theory

Option B: Supply and Demand theory

Option C: Fundamental theory

Option D: Ricardo’s theory

Correct Answer: Supply and Demand theory ✔

Option A: Share holding

Option B: Stake

Option C: Partnership

Option D: None of these

Correct Answer: Stake ✔

Option A: Communism

Option B: Socialism

Option C: Capitalism

Option D: Authoritarianism

Correct Answer: Socialism ✔

Option A: Levied on the retail price of merchandise and collected by retailer

Option B: Tax deducted at source

Option C: Tax on local produce

Option D: Tax on gross sale

Correct Answer: Levied on the retail price of merchandise and collected by retailer ✔

Option A: Royalty

Option B: Rent

Option C: Share

Option D: Intellectual royalty

Correct Answer: Royalty ✔

Option A: Sending of money to someone at distance

Option B: The sum of money sent

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Purchasing power

Option B: Income level

Option C: Gross purchasing power

Option D: Purchasing power parities (PPP)

Correct Answer: Purchasing power ✔

Option A: Registering

Option B: Going public

Option C: Debuting

Option D: Public offering

Correct Answer: Public offering ✔

Option A: Formal summary of proposed project

Option B: Document describing chief features of something for participants

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Price competition

Option B: Price support

Option C: Price war

Option D: Price battle

Correct Answer: Price war ✔

Option A: Price index

Option B: Price indexing

Option C: Price fixing

Option D: Price choosing

Correct Answer: Price index ✔

Option A: Real value

Option B: Net value

Option C: Par value

Option D: Gross value

Correct Answer: Par value ✔

Option A: Grands

Option B: Official Development Assistance (ODA)

Option C: Foreign aid

Option D: Friendly aid

Correct Answer: Official Development Assistance (ODA) ✔

Option A: National debt

Option B: Public debt

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Conveyance of property as security for debt

Option B: Conveyance of company security for debt

Option C: Guarantee for debt

Option D: Assurance of debt repayment

Correct Answer: Conveyance of property as security for debt ✔

Option A: Encroachment

Option B: Monotony

Option C: Unipolarity

Option D: Monopoly

Correct Answer: Monopoly ✔

Option A: small units, including individual companies and small group of consumers

Option B: Economics of homes

Option C: Economics of stock market

Option D: Economics of provinces

Correct Answer: small units, including individual companies and small group of consumers ✔

Option A: Rise in the price of an item for sale

Option B: An amount added to cost price in calculating selling price

Option C: Both of them

Option D: All of them

Correct Answer: Both of them ✔

Option A: Limited company

Option B: Incorporation

Option C: Cooperative

Option D: Corporation

Correct Answer: Limited company ✔

Option A: to make queue

Option B: items are removed in inverse order

Option C: turn by turn

Option D: make space for new production

Correct Answer: items are removed in inverse order ✔

Option A: Letter of intent

Option B: Letter of Credit

Option C: Letter of Expression

Option D: Papers of Landing

Correct Answer: Letter of intent ✔

Option A: Free market economy

Option B: Laissez faire also Laisser faire

Option C: Open market economy

Option D: Liberal market economy

Correct Answer: Laissez faire also Laisser faire ✔

Option A: Market Economy

Option B: Harvard Group

Option C: Keynesian

Option D: London Group

Correct Answer: Keynesian ✔

Option A: Payment made for the use of another person’s money

Option B: payment made for the use of bank’s money

Option C: Share in profit

Option D: Devaluation in the currency

Correct Answer: A. Payment made for the use of another person’s money ✔

Option A: Security against damages loss, or injury

Option B: A legal exemption from liability for damages

Option C: Compensation for damages loss, or injury suffered

Option D: All of these

Correct Answer: All of these ✔

Option A: Hinterland

Option B: Country land

Option C: Dependent land

Option D: Parasite land

Correct Answer: Hinterland ✔

Option A: Gross Domestic Product (GOP)

Option B: Gross National output (GNO)

Option C: Gross National Product (GNP)

Option D: Gross National output

Correct Answer: Gross National Product (GNP) ✔

Option A: God standard system

Option B: Gold based system

Option C: Bullion standard system

Option D: None of the above

Correct Answer: God standard system ✔

Option A: Close-trade zone

Option B: Free trade zone

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Hire and Fire

Option B: Rent

Option C: Transportation Changes

Option D: Freight

Correct Answer: Freight ✔

Option A: A privilege or right officially granted by a person or group by a government

Option B: Authorization granted to someone to sell or distribute a company’s goods or service in certain area

Option C: Territory or limits within which immunity, privilege or right may be exercised

Option D: All of the above

Correct Answer: All of the above ✔

Option A: Fraud

Option B: Cheating

Option C: Forgery

Option D: Fraudulent

Correct Answer: ✔

Option A: Floor price

Option B: Fixed price

Option C: Bid price

Option D: Basic price

Correct Answer: Floor price ✔

Option A: FIFO (first in first out)

Option B: LAFO (last in first out)

Option C: First come First serve

Option D: None of these

Correct Answer: FIFO (first in first out) ✔

Option A: Total dept

Option B: Debt burden

Option C: National liabilities

Option D: External debt

Correct Answer: External debt ✔

Option A: Currency exchange

Option B: Currency value

Option C: Currency value

Option D: Exchange rate

Correct Answer: Exchange rate ✔

Option A: To verify signature

Option B: To verify the person holding cheque

Option C: To sign one’s name upon the back of cheque

Option D: To sign one’s name upon the front of cheque

Correct Answer: C. To sign one’s name upon the back of cheque ✔

Option A: Advanced payment to bind a contract or bargain

Option B: A token of something to come

Option C: A promise or assurance

Option D: All of these

Correct Answer: All of these ✔

Option A: to make in a smaller size

Option B: to make in a actual size

Option C: to make in a half size

Option D: None of the above

Correct Answer: to make in a smaller size ✔

Option A: Divided Labor

Option B: Closed shop

Option C: Division of Labor

Option D: Open shop

Correct Answer: Division of Labor ✔

Option A: Advance deduction of the interest in purchasing, selling or lending a commercial paper

Option B: State (central) Bank’s interest rate on loans to its member banks

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: legal instrument used to grand a right

Option B: Something done

Option C: legal instrument

Option D: none of the above

Correct Answer: legal instrument used to grand a right ✔

Option A: Decreasing business activity

Option B: Falling prices

Option C: Unemployment

Option D: All of these

Correct Answer: All of these ✔

Option A: Draft payable in lawful money upon demand

Option B: Cheque payable in lawful money upon demand

Option C: Security payable in lawful money upon demand

Option D: Term deposit payable in lawful money upon demand

Correct Answer: Draft payable in lawful money upon demand ✔

Option A: Saving Account

Option B: Fixed account

Option C: Current account

Option D: Fluctuated account

Correct Answer: Current account ✔

Option A: cost plus

Option B: Cost effective

Option C: End price

Option D: Consumer price

Correct Answer: cost plus ✔

Option A: Cheap things

Option B: Substandard things

Option C: Economical in terms of the goods or services received for the money spent

Option D: Free in terms of the goods or services received for the money spent

Correct Answer: Economical in terms of the goods or services received for the money spent ✔

Option A: Company

Option B: Corporation

Option C: Cooperative

Option D: Limited Company

Correct Answer: Corporation ✔

Option A: Limited company

Option B: Society

Option C: Corporation

Option D: Cooperative

Correct Answer: Cooperative ✔

Option A: cash goods

Option B: consumer items

Option C: consumer goods

Option D: cash items

Correct Answer: consumer goods ✔

Option A: Relative Advantage

Option B: Complete Advantage

Option C: Comparative Edge

Option D: Comparative Advantage

Correct Answer: Comparative Advantage ✔

Option A: Monopolized shop

Option B: Monopolized area

Option C: Closed shop

Option D: Monopolized market

Correct Answer: Closed shop ✔

Option A: Barter

Option B: payment on Delivery

Option C: Gives in take

Option D: Cash on Delivery

Correct Answer: Cash on Delivery ✔

Option A: A combination of firms for business purposes

Option B: An official agreement between governments at war, especially for exchange of prisoners

Option C: Unity of parties, factions or nations in a common cause

Option D: All of the above

Correct Answer: All of the above ✔

Option A: Capital assets

Option B: Running capital

Option C: Capital goods

Option D: Hard capital

Correct Answer: Capital goods ✔

Option A: Authorized amount of stock for issue by corporation

Option B: The total stated or par value of the permanently invested capital of corporation

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Net assets

Option B: Solid asset

Option C: Holdings

Option D: Capital

Correct Answer: Capital ✔

Option A: Economic Cycle

Option B: Business Cycle

Option C: Complete Cycle

Option D: Cycle Business

Correct Answer: Business Cycle ✔

Option A: Break even

Option B: Breakeven point

Option C: Both of them

Option D: None of them

Correct Answer: Both of them ✔

Option A: Bonus

Option B: Overtime

Option C: Prize

Option D: Gift

Correct Answer: Bonus ✔

Option A: Blue chip

Option B: Blue Chipper

Option C: An extremely valuable asset or property

Option D: All of these

Correct Answer: All of these ✔

Option A: Free exchange

Option B: Liberal Exchange

Option C: Barter

Option D: Bilateral Trade

Correct Answer: Barter ✔

Option A: Bankruptcy

Option B: Default

Option C: Total loss

Option D: Crash

Correct Answer: Bankruptcy ✔

Option A: Balance of payment

Option B: Balance sheet

Option C: Terms of trade

Option D: Balance of trade

Correct Answer: Balance of trade ✔

Option A: Breton Wood method

Option B: Free market exchange rate

Option C: Atlas method of exchange rate

Option D: Open market exchange rate

Correct Answer: Atlas method of exchange rate ✔

Option A: A precise list or enumeration of financial transactions

Option B: Money deposited for checking savings or breakage use

Option C: A customer having business or credit relationship with a firm

Option D: All of these

Correct Answer: All of these ✔

Option A: technology

Option B: input costs

Option C: government regulation

Option D: all of the above

Correct Answer: all of the above ✔

Option A: quantity demanded equals quantity supplied

Option B: Excess demand and excess supply are zero

Option C: The market is cleared by the equilibrium price

Option D: All of the above

Correct Answer: All of the above ✔

Option A: a nonlinear relationship

Option B: a positive linear relationship

Option C: a scatter diagrams

Option D: a negative linear relationship

Correct Answer: a negative linear relationship ✔

Option A: vertical axis and horizontal axis

Option B: intercept and slope

Option C: scale and slope

Option D: intercept and scale

Correct Answer: scale and slope ✔

Option A: adjusting for changes over time

Option B: adjusting for data collection errors

Option C: adjusting for population changes

Option D: adjusting or changes in prices

Correct Answer: adjusting or changes in prices ✔

Option A: about the same point in time over different places

Option B: about different points in time over the same variable

Option C: about different variables over different places

Option D: about different points in time over different places

Correct Answer: about different points in time over the same variable ✔

Option A: individual building blocks in the economy

Option B: the relationship between different sectors on the economy

Option C: household purchase decisions

Option D: the economy as a whole

Correct Answer: the economy as a whole ✔

Option A: economics problems are solved by the government and market

Option B: economic decisions are made by the private sector and free market

Option C: economic allocation is achieved by the invisible hand

Option D: economics s is solved by government departments

Correct Answer: economics problems are solved by the government and market ✔

Option A: a place to buy things

Option B: a place to sell things

Option C: the process by which prices adjust to reconcile the allocation of resources

Option D: a place where buyers and sellers meet

Correct Answer: the process by which prices adjust to reconcile the allocation of resources ✔

Option A: Production technology

Option B: Consumption decisions

Option C: how society decides what how and for whom to produce

Option D: the best way to run society

Correct Answer: how society decides what how and for whom to produce ✔

Option A: The money you spent on a theater show

Option B: The money you could have made if you had stayed at home and worked

Option C: The money you spend on airline tickets

Option D: the money you spent on food

Correct Answer: the money you spent on food ✔

Option A: provides no information because prices in a market system are managed by planning boards.

Option B: tells consumers to buy less pork

Option C: tells producers to produce more beef.

Option D: tells consumers to buy more beef.

Correct Answer: tells producers to produce more beef. ✔

Option A: unions increasing wages too much

Option B: OPEC raising the price of oil too much

Option C: governments increasing the quantity of money too much

Option D: regulations raising the cost of production too much

Correct Answer: unions increasing wages too much ✔

Option A: With a large enough computer, central planners could guide production more efficiently than markets.

Option B: Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare

Option C: The strength of a market system is that it tends to distribute resources evenly across consumers.

Option D: Taxes help prices communicate costs and benefits to producers and consumers.

Correct Answer: Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare ✔

Option A: inoculations against disease

Option B: cigarettes

Option C: food

Option D: education

Correct Answer: food ✔