Economics Page-5

41) Public Limited Companies try to list their shares with stock exchanges with the objective:
(A) Of maintaining the management control
(B) To provide protection to the investors
(C) To keep liquidity for the Directors
(D) All of the above are objectives

42) Taking advantage of price discrepancies among markets by buying cheap in one place and selling dear somewhere else is known as:
(A) Arbitrage
(B) Derivative
(C) Swap
(D) Option

43) Who argued that profit is a payment for rental ability?
(A) Adam Smith
(B) Alfred Marshal
(C) Karl Marx
(D) David Ricardo

44) Who pointed out in the 19th century that, "a rise in the price of bread makes so large a drain on laboring families that they consume more and not less of it?
(A) Sir Robert Giffen
(B) Alfred Marshall
(C) Adam Smith
(D) Karl Marx

45) By the mid-ninteenth century, which country accounted for about 40% of the world exports of manufactured goods?
(A) Pakistan
(B) China
(C) UK

46) Inflation, where price rise makes workers demand higher wages which then again increases the prices, is known as:
(A) Stagflation
(B) Deflation
(C) Spiraling or cost-push inflation
(D) Continuous inflation

47) Banking retailing, transportation, etc fall under:
(A) Primary industry
(B) Secondary industry
(C) Tertiary industry
(D) Semi-retailing

48) Administrated prices refer to prices which are set consciously by:
(A) A government or government agency only
(B) A monopoly firm only
(C) A cartel only
(D) All of the above

49) "Euro", the new European currency, was launched on:
(A) 1 January 1998
(B) 1 January 1999
(C) 1 July 1998
(D) 1 July 1999

50) The world economic crisis of which period is termed as the Great Depression?
(A) 1929-33
(B) 1930-40
(C) 1935-45
(D) 1950-60

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