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Basic of Economics

Practice MCQs under Basic of Economics. 428 available Open paginated MCQ list →

Questions

Correct options are highlighted when revealed.

1.Which socio-military structure, emerging in 9th century Western Europe, involved a noble granting land use to a servant in exchange for military service and other obligations?

2.Equity represents the residual interest in a business or property after deducting any mortgage or liabilities. Which of the following are also encompassed by the term equity?

3.What is the term for a government directive that stops merchant vessels from entering or leaving a country or limits the import or export of certain or all goods with another nation?

4.What does the term 'Dumping' refer to in trade?

5.What is the name of the index that tracks the average stock price and percentage change of 30 leading US industrial corporations?

6.What is the term used for the portion of profits distributed to shareholders in a joint stock company?

7.What is the term for the fee charged when goods are not removed from a warehouse within the allotted time frame?

8.What is the official term for the deliberate lowering of a currency's exchange value against another currency in the global foreign exchange market?

9.What term describes a rise in consumer prices caused by higher demand for goods and services that are in limited supply?

10.What term describes the interest and principal payments that a country must make on its external debt?

11.What does the term 'cost-push inflation' mean?

12.What term describes a wage modification that reflects changes in the cost of living?

13.What term describes the total money necessary to buy goods and services that sustain a specific standard of living?

14.What is the exclusive legal entitlement to reproduce or distribute a work owned by the creator or their assigns called?

15.Which index is used to track the variation in the cost of essential goods and services relative to a fixed base period?

16.Which economist introduced the concept of comparative advantage, explaining that each trading partner benefits by specializing in products that can be sold at a higher value abroad than domestically?

17.What term describes the asset a borrower provides to a lender to ensure the repayment of a loan?

18.Which institution serves as the central bank of Pakistan?

19.Which type of crop is cultivated primarily to be sold in the market instead of being consumed by the farmer?

20.What is the economic system called where production and distribution resources are owned by private individuals or corporations, and growth depends on the accumulation and reinvestment of profits earned within a free market?

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