91. Term the authorization whether written or electronic, that shareholders’ votes may be cast by others ?
A. Proxy vote
B. Absentia vote
C. Remote vote
D. Casting vote
✅ The correct answer is option A.
Economics MCQs
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92. Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
A. Nationalist policy
B. Domestic policy
C. Protectionist policy
D. Beggar-thy-beighbour
✅ The correct answer is option D.
93. The formula for average variable cost (AVC) is ?
A. DTVC/Dq
B. q/TVC
C. Dq/DTVC
D. TVC/q
✅ The correct answer is option D.
94. Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
A. 2 million barrels per day, $100, $60 million
B. 4 million barrels per day, $80, $160 million
C. 6 million barrels per day, $60, $60 million
D. 8 million barrels per day, $40, $20 million
✅ The correct answer is option B.
95. According to the law of diminishing utility ?
A. The utility is at a maximum with the first unit
B. Increasing units of consumption increase the marginal utility
C. The marginal product will fall as more units are consumed
D. The total utility will rise at a falling rate as more units are consumed
✅ The correct answer is option D.
96. 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
✅ The correct answer is option D.
97. What is inflation ?
A. Increase in the amount of circulating money
B. Lowering of purchasing power
C. Decrease in the amount of circulation money
D. None of these
✅ The correct answer is option A.
98. Diminishing marginal return implies?
A. decreasing average fixed costs.
B. decreasing marginal costs.
C. decreasing average variable costs.
D. increasing marginal costs.
✅ The correct answer is option D.
99. An increase in price all other things unchanged leads to ?
A. A shift in supply outwards
B. A shift in supply inwards
C. A contraction of supply
D. An extension of supply
✅ The correct answer is option D.
100. The GDP growth rate of Pakistan 2017-18 was recorded at?
A. 4.88 %
B. 5.79 %
C. 5.35 %
D. 5.67 %
✅ The correct answer is option B.