MCQs4All - Economics Collection
EconomicsMCQs for NTS, FPSC, CSS, PPSC, PMS, UTS, FTS, OTS, Economy, Finance, Accounting, MBA, BBA of past papers
Question. Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?
- Value addition
- Value added
- Tax on stage
Question. The branch of economics concerned with providing funds to individuals, business and governments is called:
Question. Setting call objectives is done during which of the following stages of the selling process?
- Handling objections
Question. Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?
- import substitution
- export promotion
- commercial dumping
- multilateral contract
Question. Highly-indebted poor countries (HIPCs) include________________?
- - Benin
- I- Uganda
- - Tanzania
I and II only
Question. An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
- Free adjustment
- Cost effective adjustment
- Comparative adjustment
- Cost of living adjustment
Question. We measure national income by this method ?
- Expenditure method
- Income method
- Product method
- All of the above
Question. For equilibrium in an open four sector economy ?
- Actual injections = actual withdrawals
- Planned injections = planned withdrawals
- Savings = investment
- Government spending = tax revenue
Question. Which theory of economic management focuses on encouraging product through tax reduction ?
- Free market economics
- Supply-side economics
- Supervised market
Question. The Cuban community in Miami is an example of______________?
Question. _________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?
- absolute advantage
- comparative advantage
- export-led growth
- import substitution
Question. Which of the following issues is related to microeconomics ?
- the impact of oil prices on car production
- The impact of money on inflation
- The impact of technology on economics growth
- The impact of the deficit on saving
Question. Which of the following is NOT true of primary relations ?
- they cannot exist in secondary groups
- they are always harmonious
- the family is the only source of primary relation
- all of the above