Basic Concepts of Economics MCQs

Capital Flight from a country is called ?

A. removal of individual and corporate investment
B. removal of capital drain
C. removal of income
D. All of these

Central bank of Pakistan is _____?

A. State Bank
B. National Bank
C. Both of them
D. None of them

Who is called Father of Economics ?

A. Adam smith
B. David Ricardo
C. David smith
D. Adam Ricardo

Name the organization that is managed by those who use its facilities ?

A. Limited Company
B. Society
C. Corporation
D. Cooperative

What is called amount of money to purchase the goods and services to maintain life ?

A. Cost living
B. Basic requirement
C. Cost of life
D. None of these

Reduction in the circulation of money resulting from fall of prices is known as ?

A. deflation
B. inflation
C. cost effective
D. cost

Scale for measuring the average share price and percentage change of 30 major US industrial companies is called ?

A. Nikki Index
B. NASDAQ
C. Dow Jones Index
D. Major Index

Depression is a drastic decline in a national of international economy It’s characteristic is ?

A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of these

Gross Domestic Product (GDP) is __?

A. Value of all economic activity with in a nation’s border
B. Economics output of a country
C. Economic activities of federal government
D. None of these

What is the period called 12-months plan of a country to use its funds ?

A. Fiscal period
B. Calendar year
C. Year unit
D. Fiscal year (FY)

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