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Economics MCQs with Explanations

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161EconomicsMedium

If demand is then price cuts will spending?

Anone of the above

Belastic; increase

Celastic, decrease

Dinelastic; increase

Correct answer

B. elastic; increase

Explanation

The correct answer is elastic; increase.

162EconomicsMedium

A share or an interest in an enterprise, especially a financial share, is called?

ANone of these

BShare holding

CStake

DPartnership

Correct answer

C. Stake

Explanation

The correct answer is Stake.

163EconomicsMedium

________ are quotas that result in a total prohibition of trade?

Aembargoes

Bnontariff barriers

Cvoluntary export restraints

Dtariff-rate quotas

Correct answer

A. embargoes

Explanation

The correct answer is embargoes.

164EconomicsMedium

Economic growth is important because?

APeople want higher incomes and more consumer goods.

BPeople want a better environment

CPeople want less crime

DPeople want to be happier

Correct answer

A. People want higher incomes and more consumer goods.

Explanation

The correct answer is People want higher incomes and more consumer goods..

165EconomicsMedium

Bilateral aid?

Ais aid with repayment in inconvertible currency

Bis technical aid given by IMF

Cis a loan at bankers’ standards

Dis given directly by one country to another

Correct answer

D. is given directly by one country to another

Explanation

The correct answer is is given directly by one country to another.

166EconomicsMedium

When an increase in government purchases increases the income of some people, and those people spend some of that increase in income on additional consumer goods, we have seen a demonstration of?

Asupply side economics

BThe crowding out effect

CThe multiplier effects

DNone of these answers

Correct answer

C. The multiplier effects

Explanation

The correct answer is The multiplier effects.

167EconomicsMedium

The state has the following relationship to force________?

Ait has a monopoly on it

Bit lacks it completely in democracy

Cit shares it with the citizens

Dit gives it up to the people

Correct answer

A. it has a monopoly on it

Explanation

The correct answer is it has a monopoly on it.

168EconomicsMedium

The bank established for loans to very small enterprises in Pakistan is called________?

AFirst MINI Bank

BSME- Bank

CModerba Bank

DMicro Finance Bank

Correct answer

D. Micro Finance Bank

Explanation

The correct answer is Micro Finance Bank.

169EconomicsMedium

If consumers think that there are very few substitutes for a good, then?

Ademand would tend to be price elastic

Bdemand would tend to be price inelastic

CSupply would tend to be price elastic

Dnone of these answers

Correct answer

B. demand would tend to be price inelastic

Explanation

The correct answer is demand would tend to be price inelastic.

170EconomicsMedium

A reflationary policy?

Aincrease injections

BReducing government spending

CReducing interest rates

DReducing taxation rates

Correct answer

C. Reducing interest rates

Explanation

The correct answer is Reducing interest rates.

161EconomicsMedium

If demand is then price cuts will spending?

Anone of the above

Belastic; increase

Celastic, decrease

Dinelastic; increase

Correct answer

B. elastic; increase

Explanation

The correct answer is elastic; increase.

162EconomicsMedium

A share or an interest in an enterprise, especially a financial share, is called?

ANone of these

BShare holding

CStake

DPartnership

Correct answer

C. Stake

Explanation

The correct answer is Stake.

163EconomicsMedium

________ are quotas that result in a total prohibition of trade?

Aembargoes

Bnontariff barriers

Cvoluntary export restraints

Dtariff-rate quotas

Correct answer

A. embargoes

Explanation

The correct answer is embargoes.

164EconomicsMedium

Economic growth is important because?

APeople want higher incomes and more consumer goods.

BPeople want a better environment

CPeople want less crime

DPeople want to be happier

Correct answer

A. People want higher incomes and more consumer goods.

Explanation

The correct answer is People want higher incomes and more consumer goods..

165EconomicsMedium

Bilateral aid?

Ais aid with repayment in inconvertible currency

Bis technical aid given by IMF

Cis a loan at bankers’ standards

Dis given directly by one country to another

Correct answer

D. is given directly by one country to another

Explanation

The correct answer is is given directly by one country to another.

166EconomicsMedium

When an increase in government purchases increases the income of some people, and those people spend some of that increase in income on additional consumer goods, we have seen a demonstration of?

Asupply side economics

BThe crowding out effect

CThe multiplier effects

DNone of these answers

Correct answer

C. The multiplier effects

Explanation

The correct answer is The multiplier effects.

167EconomicsMedium

The state has the following relationship to force________?

Ait has a monopoly on it

Bit lacks it completely in democracy

Cit shares it with the citizens

Dit gives it up to the people

Correct answer

A. it has a monopoly on it

Explanation

The correct answer is it has a monopoly on it.

168EconomicsMedium

The bank established for loans to very small enterprises in Pakistan is called________?

AFirst MINI Bank

BSME- Bank

CModerba Bank

DMicro Finance Bank

Correct answer

D. Micro Finance Bank

Explanation

The correct answer is Micro Finance Bank.

169EconomicsMedium

If consumers think that there are very few substitutes for a good, then?

Ademand would tend to be price elastic

Bdemand would tend to be price inelastic

CSupply would tend to be price elastic

Dnone of these answers

Correct answer

B. demand would tend to be price inelastic

Explanation

The correct answer is demand would tend to be price inelastic.

170EconomicsMedium

A reflationary policy?

Aincrease injections

BReducing government spending

CReducing interest rates

DReducing taxation rates

Correct answer

C. Reducing interest rates

Explanation

The correct answer is Reducing interest rates.

Economics MCQs with Explanations

If demand is ________ then price cuts will ________ spending?

A share or an interest in an enterprise, especially a financial share, is called?

________ are quotas that result in a total prohibition of trade?

Economic growth is important because?

Bilateral aid?

When an increase in government purchases increases the income of some people, and those people spend some of that increase in income on additional consumer goods, we have seen a demonstration of?

The state has the following relationship to force________?

The bank established for loans to very small enterprises in Pakistan is called________?

If consumers think that there are very few substitutes for a good, then?

A reflationary policy?

Economics MCQs with Explanations

If demand is ________ then price cuts will ________ spending?

A share or an interest in an enterprise, especially a financial share, is called?

________ are quotas that result in a total prohibition of trade?

Economic growth is important because?

Bilateral aid?

When an increase in government purchases increases the income of some people, and those people spend some of that increase in income on additional consumer goods, we have seen a demonstration of?

The state has the following relationship to force________?

The bank established for loans to very small enterprises in Pakistan is called________?

If consumers think that there are very few substitutes for a good, then?

A reflationary policy?

If demand is then price cuts will spending?

If demand is then price cuts will spending?