Economics MCQS

171. The apex regulator of the capital market in Pakistan is
A. Federal Board of Revenue
B. Pakistan Stock Exchange
C. State Bank of Pakistan
D. Security and Exchange Commission of Pakistan (SECP)


172. A positive externality occurs when:
A. The social minor expenses are higher than the confidential peripheral expenses
B. An item isn’t given in the unregulated economy
C. The social minor expense rises to the social minor advantage
D. The social marginal benefits are higher than the private marginal benefits


173. If the price in a market is fixed by the government below equilibrium:
A. There is excess equilibrium
B. There is excess supply
C. There is excess demand
D. There is equilibrium


174. If the price in a market is fixed by the government above equilibrium:
A. There is excess equilibrium
B. There is excess supply
C. There is excess demand
D. There is equilibrium


175. The demand for a product would be more inelastic:
A. The more noteworthy is the time getting looked at
B. The more noteworthy is the quantity of substitutes accessible in purchasers
C. The more affordable is the item comparable to wages
D. All of the above


176. The price elasticity of demand is the:
A. Percentage change in quantity demanded divided by the percentage change in price
B. Rate change in cost isolated by the rate change in amount requested
C. Dollar change in amount requested isolated by the dollar change in cost
D. Rate change in amount requested isolated by the rate change in amount provided


177. When supply increases in an agricultural market farmer’s earnings might fall because:
A. Supply is price elastic
B. Demand is price inelastic
C. The public authority purchases up all the abundance creation
D. All result should be sold at a greatest cost


178. Which of the following is the government most likely to subsidize?
A. Negative externalities
B. Positive externalities
C. Monopolies
D. Oligopolies


179. With a positive externality:
A. There is underutilization in the unrestricted economy
B. There is overutilization in the unrestricted economy
C. The public authority might expense to diminish creation
D. Society could be made off if less was created


180. A public good:
A. Is provided by the government
B. Is free
C. Has the properties of benign non-excludable and non-diminishing
D. Has external costs


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