McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: General Knowledge (GK) , Union Public Service Commission (UPSC) .
| 901. |
Which of the following countries could most aptly be described as having a fully centrally planned economy? |
| A. | U.K. |
| B. | USA |
| C. | Cuba |
| D. | 144 |
| Answer» C. Cuba | |
| 902. |
How many countries have joined WTO till September 2002: |
| A. | 111 |
| B. | 122 |
| C. | 134 |
| D. | 144 |
| Answer» D. 144 | |
| 903. |
In which of the South Asian Countries, the infant mortality rate is highest? |
| A. | Pakistan |
| B. | India |
| C. | Bangladesh |
| D. | Sri Lanka |
| Answer» A. Pakistan | |
| 904. |
‘Naryab Dam’ in NWFP is being constructed in the district of: |
| A. | Hazro |
| B. | Ghazo |
| C. | Hangu |
| D. | Kohat |
| Answer» C. Hangu | |
| 905. |
According to a UN report, the number of people in the world having no access to clean drinking water are: |
| A. | 70.4 million |
| B. | 90.2 million |
| C. | 1.1 billion |
| D. | 1.8 billion |
| Answer» C. 1.1 billion | |
| 906. |
In this passage “gestures” mean: |
| A. | Verbal expression |
| B. | Looks |
| C. | Expressive movements of the body |
| D. | Jesting. |
| Answer» C. Expressive movements of the body | |
| 907. |
Who was appointed Caretaker Prime Minister when National Assembly was dissolved on April 18, 1993? |
| A. | Malik Meraj Khalid |
| B. | Moen Qureshi |
| C. | Ghulam Mustafa Jatoi |
| D. | Balkh Sher Mazari |
| Answer» D. Balkh Sher Mazari | |
| 908. |
The government in Pakistan has recently withdrew sales tax on one of the following items: |
| A. | Mobile phone cards |
| B. | Medicine |
| C. | Edible oil |
| D. | Tea |
| Answer» C. Edible oil | |
| 909. |
The demand of electricity is rising in Pakistan at the rate of: |
| A. | 14 percent annually |
| B. | 17 percent annually |
| C. | 19 percent annually |
| D. | 21 percent annually |
| Answer» B. 17 percent annually | |
| 910. |
Which part of Pakistan has lowest urban population? |
| A. | Islamabad |
| B. | Balochistan |
| C. | N.W.F.P |
| D. | FATA |
| Answer» D. FATA | |
| 911. |
Which of the following countries first introduced paper currency in the world? |
| A. | USA |
| B. | Greece |
| C. | China |
| D. | France |
| Answer» C. China | |
| 912. |
The 6th National Finance Commission Award the share of provinces from the federal revenue has been increased from 37.5 percent to: |
| A. | 2002-2003 |
| B. | 2003-2004 |
| C. | 2004-2005 |
| D. | 2005-2006 |
| Answer» B. 2003-2004 | |
| 913. |
The World’s largest copper producer is: |
| A. | China |
| B. | Chile |
| C. | Brazil |
| D. | Russia |
| Answer» B. Chile | |
| 914. |
The World’s largest producer of silk is: |
| A. | Malaysia |
| B. | Bangladesh |
| C. | China |
| D. | India |
| Answer» C. China | |
| 915. |
Under the 6th National Finance Commission Award the share of provinces from the federal revenue has been increased from 37.5 percent to: |
| A. | 38% |
| B. | 39% |
| C. | 40% |
| D. | 42% |
| Answer» C. 40% | |
| 916. |
The share from federal revenue is given to the provinces according to their:- |
| A. | Backwardness |
| B. | Population |
| C. | Area |
| D. | None of the above |
| Answer» B. Population | |
| 917. |
Identify the world’s richest man and his organization: |
| A. | John Walton - Wal – Mart stores – USA |
| B. | Bill Gates – Microsoft - USA |
| C. | Lawrence Ellison – Oracle – USA |
| D. | None of the above |
| Answer» B. Bill Gates – Microsoft - USA | |
| 918. |
The people live below the poverty line earn less then: |
| A. | 1 US dollar daily |
| B. | 2 US dollar daily |
| C. | 3 US dollar daily |
| D. | 5 US dollar daily |
| Answer» A. 1 US dollar daily | |
| 919. |
Identify Pakistan’s largest gas fired power plant: |
| A. | Faisalabad Gas Turbine Power Plant |
| B. | Uch Power Plant |
| C. | Gomal Power Plant |
| D. | Malakand the Dargai Power Plant |
| Answer» B. Uch Power Plant | |
| 920. |
After independence, the first industrial unit inaugurated by Quaid-i-Azam was: |
| A. | Adamjee Paper Mills |
| B. | Valika Textile Mills |
| C. | Karachi Shipyard and Engineering Works |
| D. | Pakistan Jute Mills |
| Answer» B. Valika Textile Mills | |
| 921. |
An arrangement between a seller and buyer under which a period of credit is allowed before payment is called: |
| A. | Account |
| B. | Advertising |
| C. | Asset |
| D. | Annuity |
| Answer» A. Account | |
| 922. |
The prices that are set by government rather than by negotiation between a seller and a buyer are known as |
| A. | Market Prices |
| B. | Management Prices |
| C. | Administered Prices |
| D. | None of the above |
| Answer» C. Administered Prices | |
| 923. |
What is the term for paid announcements to persuade and inform public? |
| A. | Campaign |
| B. | Advertising |
| C. | Announcement |
| D. | Publicity |
| Answer» B. Advertising | |
| 924. |
The inefficiencies associated with employing a representative to carry out a task for you rather than carrying it out yourself are known as in economical terms as |
| A. | Agency Cost |
| B. | Total Cost |
| C. | Running Cost |
| D. | None of the above |
| Answer» A. Agency Cost | |
| 925. |
In terms of economics a constant annual payment is called: |
| A. | Asset |
| B. | Annuity |
| C. | Capital |
| D. | None of the above |
| Answer» B. Annuity | |
| 926. |
The transaction in which the buyer of an item is selected after a number of buyers have made some willingness to pay for that item; is marked as |
| A. | Sale |
| B. | Bargaining |
| C. | Disposal |
| D. | Auction |
| Answer» D. Auction | |
| 927. |
The national economic self-sufficiency i.e., exclusion from international trade pursued as a national policy is called: |
| A. | Autarky |
| B. | Self-sufficiency |
| C. | Self-reliance |
| D. | All of the above |
| Answer» A. Autarky | |
| 928. |
A check of accounting records conducted by a professional accountant to find out any fraud or discrepancies is termed as: |
| A. | Audit |
| B. | Scrutiny |
| C. | Review |
| D. | Checking |
| Answer» A. Audit | |
| 929. |
What is the term for total sales value divided by the number of units sold and thus equals to average price is? |
| A. | Average Cost |
| B. | Average Sale |
| C. | Average Revenue |
| D. | None of the above |
| Answer» C. Average Revenue | |
| 930. |
The statement of the wealth of a business organization or individual on a given date usually the last day of the fiscal year is termed as: |
| A. | Balance Sheet |
| B. | Balance list |
| C. | Both of the above |
| D. | None of the above |
| Answer» A. Balance Sheet | |
| 931. |
What is the business of accepting deposits and lending money called? |
| A. | Stock market |
| B. | Trading |
| C. | Black market |
| D. | Banking |
| Answer» D. Banking | |
| 932. |
The declaration by a court of law that a company or individual is insolvent, i.e., it cannot pay its debts on the due dates is known as |
| A. | Bankruptcy |
| B. | Penury |
| C. | Both of the above |
| D. | None of the above |
| Answer» A. Bankruptcy | |
| 933. |
The fixed interest security issued by governments, banks or other financial institutions is also termed |
| A. | Bargain |
| B. | Bond |
| C. | Compact |
| D. | Contract |
| Answer» B. Bond | |
| 934. |
The first class equity share, the purpose of which entails little risk in earnings in recession is called: |
| A. | Blue disc |
| B. | Blue chip |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. Blue chip | |
| 935. |
Underground economic activity that is not declared for taxation purposes is called |
| A. | Black Trade |
| B. | Black Country |
| C. | Black Economy |
| D. | Black List |
| Answer» C. Black Economy | |
| 936. |
A trade of goods and services in the exchange for other goods or services rather than for money is known as: |
| A. | Foreign Trade |
| B. | Free Trade |
| C. | Barter Trade |
| D. | Limited Trade |
| Answer» C. Barter Trade | |
| 937. |
In an organized market, an intermediary between a buyer and a seller is called: |
| A. | Broker |
| B. | Stockbroker |
| C. | Commission agent |
| D. | Negotiator |
| Answer» A. Broker | |
| 938. |
What is called if estimate of income and expenditure are for future as opposed to an account that records financial transaction? |
| A. | Quota |
| B. | Allocation |
| C. | Budget |
| D. | Estimate |
| Answer» C. Budget | |
| 939. |
The output from a process designed for the production of some other product. is called |
| A. | By product |
| B. | Main product |
| C. | Consumer Product |
| D. | None of the above |
| Answer» A. By product | |
| 940. |
The asset that is capable of generating income and that have itself been produced is termed |
| A. | Credit |
| B. | Capital |
| C. | Annuity |
| D. | Premium |
| Answer» B. Capital | |
| 941. |
The production of a commodity in which a higher proportion of capital is used is known as |
| A. | Labour Intensive |
| B. | Capital Intensive |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. Capital Intensive | |
| 942. |
The market for long term loanable funds as different from the market that deals in short term loans is called: |
| A. | Capital Market |
| B. | Capital Stock |
| C. | Both of the above |
| D. | None of the above |
| Answer» A. Capital Market | |
| 943. |
The total amount of physical capital in the economy or in a firm or industry is termed as |
| A. | Capital Market |
| B. | Capital Gains |
| C. | Capital Stock |
| D. | None of the above |
| Answer» C. Capital Stock | |
| 944. |
An association of producers to regulate prices by restricting output and competition is called |
| A. | Cartel |
| B. | Monopoly |
| C. | Merger |
| D. | None of the above |
| Answer» A. Cartel | |
| 945. |
The most common example of an international cartel is the |
| A. | South Asian Association for Regional Corporation. (SAARC) |
| B. | Organization of Petroleum Exporting Countries (OPEC) |
| C. | Economic Commission for Europe (ECE) |
| D. | International Monetary Fund (IMF) |
| Answer» B. Organization of Petroleum Exporting Countries (OPEC) | |
| 946. |
The flow of money payments to or from a firm is called “Cash Flow”. Expenditure is sometimes referred to as: |
| A. | Gross Cash Flow |
| B. | Negative Cash Flow |
| C. | Positive Cash Flow |
| D. | All of the above |
| Answer» B. Negative Cash Flow | |
| 947. |
The banker’s bank and lender of last resort is the |
| A. | Commercial Bank |
| B. | Investment Bank |
| C. | Central Bank |
| D. | All of the above |
| Answer» C. Central Bank | |
| 948. |
A certificate that specifies the country of origin of an export or import is called |
| A. | Certificate of Deposit |
| B. | Certificate of Origin |
| C. | Certificate of Incorporation |
| D. | None of the above |
| Answer» B. Certificate of Origin | |
| 949. |
The order written by the drawer to a commercial bank or central bank to pay on demand a particular sum to a bearer is referred to as |
| A. | Pay check |
| B. | Cheque |
| C. | Draft |
| D. | Money order |
| Answer» B. Cheque | |
| 950. |
A measurement of unemployment based on the number of people out of work and claiming unemployment benefits is called in terms of economic theory |
| A. | Employment Count |
| B. | Claimant Count |
| C. | Both of the above |
| D. | None of the above |
| Answer» B. Claimant Count | |
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