MCQOPTIONS
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MCQOPTIONS
This section includes 406 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
What is National debt or public debt ? |
| A. | State’s borrowing from its population |
| B. | State’s borrowing from foreign government |
| C. | state’s borrowing from international institution |
| D. | All of these |
| Answer» E. | |
| 102. |
What is mortgage______________? |
| A. | Conveyance of property as security for debt |
| B. | Conveyance of company security for debt |
| C. | Guarantee for debt |
| D. | Assurance of debt repayment |
| Answer» B. Conveyance of company security for debt | |
| 103. |
What is more likely to be found in a free market economy than in a planned economy ? |
| A. | an even distribution of income |
| B. | an incentive to innovate |
| C. | a wide range of public goods |
| D. | full employment of labor |
| Answer» C. a wide range of public goods | |
| 104. |
What is measured by Gross domestic product (GDP)? |
| A. | Value of all economic activity within nation’s border |
| B. | Economic output of a country |
| C. | Economic activity of federal government |
| D. | None of these |
| Answer» B. Economic output of a country | |
| 105. |
What is meant by excise? |
| A. | A tax levied on certain articles produced and consumed in a country |
| B. | A licensing charge or a fee levied for certain privileges |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 106. |
What is meant by capital stock ___________? |
| A. | Authorized amount of stock for issue by corporation |
| B. | The total stated or par value of the permanently invested capital of corporation |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 107. |
What is inflation ? |
| A. | Increase in the amount of circulating money |
| B. | Lowering of purchasing power |
| C. | Decrease in the amount of circulation money |
| D. | None of these |
| Answer» B. Lowering of purchasing power | |
| 108. |
What is Free port ? |
| A. | Where no export duties are levied |
| B. | Where no import duties are levied |
| C. | Where no export or import duties are levied |
| D. | Where everything can be import or export |
| Answer» D. Where everything can be import or export | |
| 109. |
What is Euro ? |
| A. | Deposit outside one’s home country but in the home country currency |
| B. | European currency unit, introduced on Jan, 1 1999 |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 110. |
What is Dumping ? |
| A. | Sale of goods in large quantities with high quality |
| B. | Sale of goods in large quantities with low quality |
| C. | Sale of goods in large quantities and at a low price |
| D. | Sale of goods in large quantities with high price |
| Answer» D. Sale of goods in large quantities with high price | |
| 111. |
What is Demand note ? |
| A. | Draft payable in lawful money upon demand |
| B. | Cheque payable in lawful money upon demand |
| C. | Security payable in lawful money upon demand |
| D. | Term deposit payable in lawful money upon demand |
| Answer» B. Cheque payable in lawful money upon demand | |
| 112. |
What is deflation________________? |
| A. | Deficit Budget |
| B. | Reduction in taxation |
| C. | Increase in public expenditure |
| D. | Reverse of inflation |
| Answer» E. | |
| 113. |
What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ? |
| A. | Prudent development |
| B. | Sustainable development |
| C. | Managed economy |
| D. | None of these |
| Answer» C. Managed economy | |
| 114. |
What is Debt Service ? |
| A. | Interest payments on external debts |
| B. | repayments of external debt |
| C. | none of these |
| D. | Both of them |
| Answer» E. | |
| 115. |
What is Debt retirement______________? |
| A. | To write off debt |
| B. | To reschedule debt |
| C. | To repay debt in easy installments |
| D. | The complete repayment of debt |
| Answer» E. | |
| 116. |
What is comprised by public sector ? |
| A. | Public corporations |
| B. | Central and local government |
| C. | Nationalized industries |
| D. | All of them |
| Answer» E. | |
| 117. |
What is called when government spending overwhelms government revenue resulting in government borrowing ? |
| A. | Budget deficit |
| B. | Deficient financing |
| C. | Unbalanced spending |
| D. | Deficit spending |
| Answer» E. | |
| 118. |
What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ? |
| A. | Open trade |
| B. | Free trade |
| C. | Open sky trade |
| D. | Easy trade |
| Answer» C. Open sky trade | |
| 119. |
What is called the trade of goods or services without the exchange of money ? |
| A. | Free exchange |
| B. | Liberal Exchange |
| C. | Barter |
| D. | Bilateral Trade |
| Answer» D. Bilateral Trade | |
| 120. |
What is called the price that a potential buyer is willing to pay for a security ? |
| A. | Bid |
| B. | Offer price |
| C. | Quote price |
| D. | None of these |
| Answer» B. Offer price | |
| 121. |
What is called the tax that is levied on retail price of merchandise collected by retailer ? |
| A. | Sales Tax |
| B. | General Tax |
| C. | Local Tax |
| D. | Gross Tax |
| Answer» B. General Tax | |
| 122. |
What is called when a private company first offers shares to the public market and investors ? |
| A. | Public offering |
| B. | Public floating |
| C. | going public |
| D. | Coming public |
| Answer» D. Coming public | |
| 123. |
What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ? |
| A. | Economic Cycle |
| B. | Business Cycle |
| C. | Complete Cycle |
| D. | Cycle Business |
| Answer» C. Complete Cycle | |
| 124. |
What is called the situation in which a debtor remains unable to pay his creditors in full ? |
| A. | Bankruptcy |
| B. | Default |
| C. | Total loss |
| D. | Crash |
| Answer» B. Default | |
| 125. |
What is called the stock that sells at a high price ? |
| A. | Blue chip |
| B. | Blue Chipper |
| C. | An extremely valuable asset or property |
| D. | All of these |
| Answer» E. | |
| 126. |
What is called the result of a state’s borrowing from its population, from foreign governments or from international institutions ? |
| A. | National debt |
| B. | Public debt |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 127. |
What is called the rules of laws which governs the internal affairs of an organization ? |
| A. | Corporate Laws |
| B. | Secondary Laws |
| C. | By laws |
| D. | Internal Laws |
| Answer» D. Internal Laws | |
| 128. |
What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ? |
| A. | Floor price |
| B. | Fixed price |
| C. | Bid price |
| D. | Basic price |
| Answer» B. Fixed price | |
| 129. |
What is called the overall study of aspects and working of a national economy ? |
| A. | Macroeconomics |
| B. | Gross economics |
| C. | Mega economics |
| D. | Micro economics |
| Answer» B. Gross economics | |
| 130. |
What is called the reduction in the rate of a currency |
| A. | Devolution |
| B. | Devaluation |
| C. | Price cap |
| D. | Cut-rate |
| Answer» C. Price cap | |
| 131. |
What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ? |
| A. | National economic risk |
| B. | Country economic risk |
| C. | Country finance risk |
| D. | Foreign exchange risk |
| Answer» D. Foreign exchange risk | |
| 132. |
What is called the market in which forces of demand and supply are not in the control of government ? |
| A. | Market Economy |
| B. | Free Market |
| C. | Both of them |
| D. | None of them |
| Answer» D. None of them | |
| 133. |
What is called the crop which is grown for sale rather than the farmer’s own use ? |
| A. | Business Crop |
| B. | Cash crop |
| C. | Money Crop |
| D. | Earning Crop |
| Answer» C. Money Crop | |
| 134. |
What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ? |
| A. | Bonus |
| B. | Up level |
| C. | Goodwill |
| D. | Upgradation |
| Answer» D. Upgradation | |
| 135. |
What is called the difference in the money value between exports and imports during the specific period of time ? |
| A. | Balance of payment |
| B. | Balance sheet |
| C. | Terms of trade |
| D. | Balance of trade |
| Answer» E. | |
| 136. |
What is called the manipulation of the market by traders to create the illusion of active volume to attract investors ? |
| A. | Daisy chain |
| B. | Illusion |
| C. | False market |
| D. | Manipulated market |
| Answer» E. | |
| 137. |
What is called the difference in the value of a nation’s imports over exports or exports over imports ? |
| A. | Trade deficit |
| B. | Trade simples |
| C. | Both a & b |
| D. | Not a nor b |
| Answer» D. Not a nor b | |
| 138. |
What is called the acquisition abroad of physical assets with operating control that resides in parent corporation ? |
| A. | Fixed Direct Investment |
| B. | Foreign Direct Investment (FDI) |
| C. | Foreign Investment |
| D. | Remote Foreign Investment |
| Answer» C. Foreign Investment | |
| 139. |
What is called the amount of non-military foreign aid which a country received ? |
| A. | Grands |
| B. | Official Development Assistance (ODA) |
| C. | Foreign aid |
| D. | Friendly aid |
| Answer» C. Foreign aid | |
| 140. |
What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ? |
| A. | Domestication |
| B. | Protectionism |
| C. | Localization |
| D. | National interest |
| Answer» C. Localization | |
| 141. |
What is called that market in which supply overwhelms demand ? |
| A. | Deflated market |
| B. | Depressed market |
| C. | Bearish market |
| D. | Weak market |
| Answer» C. Bearish market | |
| 142. |
What is called interest payments plus repayments of principal to creditors ? |
| A. | Debt retirement |
| B. | Debt relief |
| C. | Debt service |
| D. | Payback |
| Answer» D. Payback | |
| 143. |
What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ? |
| A. | Going legal |
| B. | Book corporation |
| C. | Chartered corporation |
| D. | Incorporation |
| Answer» E. | |
| 144. |
What is called that executive who is brought in to turn a company around and make it profitable ? |
| A. | Savior |
| B. | Company doctor |
| C. | Super manager |
| D. | Manager doctor |
| Answer» E. | |
| 145. |
What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ? |
| A. | Eurobank |
| B. | Foreign bank |
| C. | International Bank |
| D. | Multinational Bank |
| Answer» C. International Bank | |
| 146. |
What is called that debt obligation backed strictly by the borrower’s integrity ? |
| A. | Debenture |
| B. | Securities |
| C. | Credit rating |
| D. | None of them |
| Answer» B. Securities | |
| 147. |
What is called that company which make loans to individuals, while not receiving deposits like a bank ? |
| A. | Cooperative company |
| B. | Finance corporation |
| C. | Limited company |
| D. | Finance company |
| Answer» C. Limited company | |
| 148. |
What is called protection of domestic producers by impeding or limiting the importation of foreign goods and services ? |
| A. | Domestication |
| B. | Protectionism |
| C. | Localization |
| D. | National interest |
| Answer» C. Localization | |
| 149. |
What is called interest that is paid previously earned interest as well as on the principal ? |
| A. | Gross interest |
| B. | Simple interest |
| C. | Total interest |
| D. | Compound interest |
| Answer» C. Total interest | |
| 150. |
What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ? |
| A. | Demand push |
| B. | Demand pulls |
| C. | Cost pull |
| D. | Demand supply |
| Answer» C. Cost pull | |