Economics explores how resources are utilized and their value maximized under specific conditions. It entails a thorough examination of the production, distribution, and consumption of goods and services. GuruMCQs.com provides all updated Economics MCQs. The most frequently repeated economics MCQs section is encountered in Inspector, ASI, Sub-inspector, Constable, FPSC, PPSC, ETEA, FIA, Police, Army, Navy, Airforce, IB, MOFA, ASF, LHC, Educators, and various other competitive exams, as well as government and private job assessments. MCQs on Economics cover topics like Basic Economic MCQs, Indirect Tax and Economic Welfare, Analysis of Interest Rate Changes, Carbon Trading, Changing Market Price, and much more. Also, check Auditing MCQs with answers here.
1. Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?
A. Hard Leaf
B. Maple Leaf
C. Green Leaf
D. Gold Leaf
2. Mention an electronic quotation system in USA that provides price quotations to market participants about more actively traded common stock issues in OTC market ?
A. National Association of Securities Dealers Automatic Quotation system (Nasdaq)
B. New York Stock Exchange
C. Wall Street
D. Nikkei Stock Average
3. Name a market that is characterized by a small number of producers who often act together to control the supply of a particular good and its market price ?
A. Oligopoly
B. Monopoly
C. Oligopsony
D. Grey market
4. There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?
A. Grey market
B. Over-the counter (OTC)
C. Open market
D. Back market
5. Possibility of negative events or changes in the business climate of country is called?
A. Domestic risk
B. Political risk
C. National risk
D. Country risk
6. Which of the following is referred by principle ?
A. Total amount of money being borrowed or lent
B. Party affected by agent decision in a principal agent relationship
C. Both of them
D. None of them
7. There is an arrangement which allows a firm to use research from another firm at no cost in exchange for executing all of its trades with the firm that provides the research. What this arrangement is called?
A. Mutual arrangement
B. Quid Pro quo
C. Bilateral arrangement
D. common interest
8. A piece of land and whatever physical property is on it is called?
A. Solid asset
B. Unmovable property
C. Real estate
D. Property
9. What is called bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts?
A. Liquidator
B. Solicitor
C. Receiver
D. Agent
10. Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price?
A. Redemption
B. Guarantee
C. Repo
D. Repurchase arrangements