(A) A government or government agency only
(B) A monoply firm only
(C) A cartel only
(D) All of the above
Tag: Economics Mcq Questions and Answers
Banking retailing, transportation etc fall under:
(A) Primary industry
(B) Sceondry industry
(C) Teritary industry
(D) Semi-retailing
Inflation where price rise makes workers demand higher wages which then again increases the prices is known as:
(A) Stagflation
(B) Deflation
(C) Spirilling or cost push inflation
(D) Continuos inflation
By the mid nineteeh century which country accounted for about 40% of the world exports of manufactured goods:
(A) Pakistan
(B) China
(C) UK
(D) USA
Who pointed out in 19th century that “a rise in price of bresd mekes so large a drain on labouring families that they consume more and not less of it:
(A) Sir Robbert Giffen
(B) Alfard Marshal
(C) Adam Smith
(D) Karl Max
Who argued that profit is payment of rental ability:
(A) Adam Smith
(B) Alfard Marshal
(C) Karl Max
(D) David Recardo
Taking advantage of price discrepencies among markets by buying cheap cheap in one place and selling dear somewhere else is known as:
(A) Arbitrage
(B) Derivative
(C) Swap
(D) Option
Public limited companies try to list their shares with stock exchange with the objective:
(A) Of maintaining the management control
(B) To provide protection to the investors
(C) To keep liquidity to the investors
(D) All of the above objectives