What does the word excise mean?
Correct answer C. Both of them
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Economics MCQs
Page 103 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 103 of 131
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
What is the minimum price for a commodity, set by the government to protect producers of raw materials, called?
Correct answer D. Floor price
What is the group made up of Singapore, Hong Kong, Taiwan and South Korea called?
Correct answer C. Four Tigers
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What is trade without tariffs, quotas or foreign exchange controls called?
Correct answer B. Free trade
Which measure is used to gauge a nation’s economic activity over a given period?
Correct answer C. Gross National product (GNP)
What is a group of countries that has removed all restrictions on trade among its members called?
Correct answer B. Free-trade zone
What is interest?
Correct answer A. Payment made for the use of another person’s money
What is a market called in which the forces of demand and supply are not controlled by the government?
Correct answer C. Both of them
In a planned economy, who controls the production and distribution of wealth?
Correct answer C. Government
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What is the policy of protecting domestic producers by restricting imports of foreign goods and services called?
Correct answer D. Protectionism
What is a remittance?
Correct answer C. Both of them
Which economic system has the government owning and controlling the means of production for the benefit of all the people?
Correct answer A. Socialism
What is a tariff?
Correct answer C. Both of them
What are the rules and practices governing the management of an organisation called?
Correct answer D. By-laws
What is meant by debt retirement?
Correct answer B. The complete repayment of debt
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What is a tax on imports or exports called?
Correct answer A. Duty
What is meant by laissez-faire?
Correct answer C. Interference by the state only in law and order
Among the following, which is the oldest stock exchange in the world?
Correct answer B. London stock exchange
What does inflation mean?
Correct answer A. Rise in general price index
How would you define a debenture?
Correct answer A. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period