What are the rules that govern the internal affairs of an organisation called?
Correct answer A. By-laws
Subject / 2,616 questions
Economics MCQs
Page 107 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 107 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 a long-term asset such as land or a building called?
Correct answer A. Capital asset
Which term describes the large-scale movement of individual and corporate investment capital and income out of a country?
Correct answer A. Capital flight
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Which economic system has privately or corporately owned means of production and distribution, with growth driven by profits earned and reinvested in a free market?
Correct answer D. Capitalism
What do we call a crop grown for sale rather than for the farmer’s own consumption?
Correct answer C. Cash crop
Which bank serves as Pakistan’s central bank?
Correct answer A. State Bank
What is the security called that a borrower gives a creditor to guarantee repayment of a loan?
Correct answer D. Collateral
Comparative advantage arises when each trading partner has a product that fetches a better price abroad than at home. Which economist put forward this principle?
Correct answer B. David Ricardo
Which index measures the change in the cost of a basket of basic goods and services compared with a fixed base period?
Correct answer A. Consumer Price Index (CPI)
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What is the exclusive legal right of an author, or the author’s assignees, to print or publish a work called?
Correct answer B. Copyright
What term describes the amount of money needed to buy the goods and services required for a particular standard of living?
Correct answer B. Cost of living
What is the name for a wage adjustment made in line with changes in the cost of living?
Correct answer B. Cost of living adjustment
What does cost push inflation describe?
Correct answer B. Increased production costs drive prices up
What are the interest payments and principal repayments due on a country’s external debt collectively called?
Correct answer B. Debt service
Rising consumer prices caused by growing demand for a limited supply of goods and services is known as what?
Correct answer C. Demand pull
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What is the term for an official reduction in the rate at which a country’s currency exchanges for other currencies on international markets?
Correct answer A. Devaluation
Which term describes the charge payable when goods are not cleared from a storehouse within a set period?
Correct answer A. Demurrage
What is the name for the portion of a joint stock company’s profits that is distributed to its shareholders?
Correct answer C. Dividend
Which index tracks the average share price and percentage change of 30 major US industrial companies?
Correct answer D. Dow Jones Index
What is the term for a government order that stops merchant ships arriving or leaving, or restricts some or all trade with a particular foreign nation?
Correct answer A. Embargo