Which term is used for a bank account that can be operated at will?
Correct answer A. Current account
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Economics MCQs
Page 97 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 97 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 demand note?
Correct answer C. Draft payable in lawful money upon demand
A depression is a drastic decline in a national or international economy. What are its characteristics?
Correct answer D. All of these
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What does the word deed mean in law?
Correct answer B. Legal instrument used to grant a right
What does the discount rate refer to?
Correct answer C. Both of them
Production work and trade are split into separate processes carried out by different workers or groups of workers. What is this separation called?
Correct answer A. Division of Labor
What is meant by ‘earnest’ money?
Correct answer D. All of these
Endorsement means anything written on the back of a document. What, then, does it mean to endorse a cheque?
Correct answer A. To sign one's name on the back of the cheque
What is the method called by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the IMF’s Special Drawing Right?
Correct answer D. Exchange rate
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Which method of inventory accounting assumes the oldest items in stock are sold first?
Correct answer A. FIFO (first in first out)
What is the minimum price for a commodity that a government fixes to safeguard the interests of producers of raw materials called?
Correct answer B. Floor price
What is the act of altering a written or printed document with the intention of deceiving someone called?
Correct answer B. Forgery
What does franchise mean?
Correct answer D. All of the above
What is the charge paid for carrying goods by ship, rail, air and so on called?
Correct answer B. Freight
What is a group of countries called that has removed all tariffs, quotas and export subsidies on trade among themselves?
Correct answer B. Free trade zone
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What is the system called under which a country’s currency can be exchanged on demand at the central bank for a fixed weight of gold?
Correct answer B. Gold standard system
Which measure gives the value of all economic activity produced by a nation during a given period?
Correct answer A. Gross National Product (GNP)
What is the urban and rural region closely linked economically to a neighbouring town or city called, a term also used for the area served by a port?
Correct answer D. Hinterland
What does indemnity mean?
Correct answer D. All of these
What does the term interest refer to?
Correct answer D. Payment made for the use of another person’s money