What is the rate at which a central bank lends to commercial banks called?
Correct answer C. Discount rate
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Economics MCQs
Page 106 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 106 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 does an open market operation involve?
Correct answer B. Buying and selling government securities
Who presented the theory of comparative advantage?
Correct answer A. Ricardo
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Branch banking is now common across most of the world. In which country did it first develop?
Correct answer A. UK
If Pakistan’s GNP rises, what will it tend to encourage?
Correct answer A. Both
For devaluation to raise export earnings, what must the elasticity of demand for a country’s exports in other countries be?
Correct answer A. Greater than one
Which type of unemployment is caused by a downturn in the business cycle?
Correct answer C. Cyclical unemployment
Which term refers to income that is saved but not invested?
Correct answer D. Hoarding
Economic development is often defined as economic growth combined with what?
Correct answer C. Social change
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What happens when aggregate supply exceeds aggregate demand?
Correct answer A. Business inventories accumulate
What is a government’s policy on exports and imports known as?
Correct answer D. Commercial policy
What is national income essentially made up of?
Correct answer D. All income of the people in a year
What is the name for an arrangement of workers, machines and equipment in which a product passes from one operation to the next, producing finished goods in a mechanically efficient though impersonal way?
Correct answer C. Both of them
Which statement correctly describes the balance of payments?
Correct answer D. Balance between a nation’s expenditure on imports and its receipts from exports
What is a balance sheet understood to be?
Correct answer D. Statement of accounts that shows debit and credit accounts under broad heads
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Which description best fits a bearer cheque?
Correct answer C. Payable to the person holding it
What is the name of a written order directing that a specified sum of money be paid to a specified person?
Correct answer A. Bill of Exchange (BE)
What are the interest-bearing certificates called that governments and corporations sell to raise money for expansion or trade?
Correct answer B. Bond
What is the value of an asset as recorded in a business’s accounts, which may differ from the price it would fetch on the open market?
Correct answer C. Book value
What is an intermediary who arranges the purchase and sale of goods known as?
Correct answer A. Broker