SOAL OSK “INGGRIS”
2015
24. There is a country in which the government owns all the industries, businesses, and
farms. The government sets production and wages. The government provides all education,
childcare, and medical care for all the people. What type of economy does this describe …
A. Mixed economic system
B. Market system
C. Traditional system
D. Command system
E. Monopoly system
25.
The resource market is the place where…
A. households sell products and businesses buy product
B. businesses sell resources and households sell products
C. businesses sell resources and households buy resourcess (or the services of resourcess)
D. households sell resources and business buy resources (or the services of resources)
E. none of the answer is correct
26. If a buyer's willingness to pay for a new car is $ 50,000 and she is able to actually buy it
for $ 48,000, then he has …
A. consumer surplus $ 2,000
B. consumer surplus $ 48,000
C. consumer surplus $ 50,000
D. consumer surplus $ 98,000
E. consumer surplus $ 0
27. When quantity of supply increases at every possible price, we know that the demand
curve has …
A. shifted to the right
B. shifted to the left
C. not shifted, rather, we have moved down the supply curve to a new point on the same
curve
D. not shifted, rather, we have moved up the supply curve to a new point on the same curve
E. not shifted, the supply curve has become flatter
29. A country has data of national income as follows :
Employee salary $ 200,000
Society consumption $ 215,000
Profit $ 46,000
Rent $ 36,400
Government consumption$ 97,600
Capital interest $ 33,500
Mining $ 25,200
Export $ 27,500
Import $ 33,700
If the national income is counted using the income method, then the result …
A. $ 25,200
B. $ 315,900
C. $ 339,900
D. $ 546,100
E. $ 714,900
30. Which of the following is a variable cost in the short run?
A. Rent of the factory
B. Interest payments on borrowed financial capital
C. Wages paid to factory labour
D. Payment on the lease for factory equipment
E. Salaries paid to upper management
32. When interest rate increases, new residential housing prices tend to decrease. This
observation indicates that …
A. There must be false causality between interest rates and housing prices
B. Higher interest rates must cause low housing prices
C. A scatter diagram between interest rates and housing prices will show negative
relationship
D. A scatter diagram between interest rates and housing prices will show a direct
relationship
E. There is no relationship between interest rates and housing prices
42. Form the report contains the accounts and the account balance of the ledger at any given
time....
A. balance
B. income statement
C. trial balance
D. work sheet
E. statement of cash flows
43. The level of ability to pay the short term debt the maturity can be seen in the comparison
between ....
A. capital and liabilities
B. all assets and current liabilities
C. all assets and all liabilities
D. current assets and current liabilities
E. current assets and all liabilities
44. Accounts that normally have credit balance is....
A. Prepaid expense
B. Salary expenses
C. Accrued expense
D. Owner’s drawing
E. Cash received from customer
45. What is intangible asset?
A. Long-live physical asset to be used in the operation of the company
B. Asset that have no physical existence but are right having value
C. Asset which is reasonably expected to be converted into cash
D. Asset which is used during normal operating cycle of the business
E. The obligation which is mature in one year
46. The effect of Accrued expense....
A. decrease assets
B. decrease liabilities
C. increase liabilities
D. increase controlling accounts
E. increase owner’s capital
48. The receipts of cash from customers in payment of their accounts would be recorded by....
A. A debit to account payable and credit to cash
B. A debit to cash and credit to account payable
C. A debit to account payable and credit to bank
D. A debit to cash and credit to account receivable
E. A debit to account receivable and credit to cash
49. During the period of 2014, CV Jaya Abadi realized there was an error in recording the
transaction. A debit of Rp1.000.000,00 to wages expenses was posted as Rp1.250.000,00.
What is the journal should be made to correct that error?
A. A debit to wages expense and credit to cash for the amount of Rp250.000,00
B. A debit to cash and credit to account receivable for the amount of Rp250.000,00
C. A debit to cash and credit to wages expense for the amount of Rp250.000,00
D. A debit to account payable and credit to cash for the amount of Rp1.000.000,00
E. A debit of account receivable and credit to cash for the amount of Rp1.000.000,00
2016
1. Fundamental economic problems basically arise from ….
A. The fact that society has more than it needs
B. Turmoil in the stock market
C. The unequal distribution of income
D. Our wants exceed our scarce resources
E. Differences of resources
2. In what kind of economy does the government make all decisions?
A. Mixed economy
B. Centrally planed
C. Socialist
D. Free enterprise
E. Traditional
3. What best describes the role of the government in a free market system?
A. Require companies to disclose information to consumers
B. Decide what companies will be formed and then allow the managers to run them
C. Allow individual to operate their businesses in ways they think will maximize their
profits
D. Control businesses activities
E. To make buyers more knowledgeable and safer
4. The negative slope of the production possibility curve illustrates that ….
A. Some resources are always unemployed
B. When resources are fully employed, an economy can produce more of one thing
only by producing less of something else
C. Opportunity cost are constant
D. Business can sell more when prices are low
E. We need to buy more things to get rich
6. Which of the following statement pertains to macroeconomics ….
A. The price of beef declined by 5 percent last month
B. Astra International profits increased 7 percent last year
C. The real domestic output increased by 3 percent last year
D. The price of personal computers declined last year
E. The productivity of steelworkers increased by 1 percent last year
7.
P
S
S1
D1
D
Say that the initial supply curve for mango is the curve labeled S and the demand
curve for mango is the curve labeled D. If the supply curve shifted from S to S1 and
the demand curve did not shifted, at the new equilibrium we would conclude that …
A. Supply decreased and quantity demanded decreased
B. Supply increased and quantity demanded decreased
C. Price decreased and quantity demanded did not change
D. Supply increased and quantity demanded increased
E. Demand increased and supply increased
8. Some national income account measures for a country “A” are given in the table
below;
Personal consumption expenditures $8300
Gross private domestic investment $1800
Exports $1150
Imports $1550
Government expenditures $2100
Tax revenues $1575
Profits $ 750
What is the Gross Domestic Product of country ”A” ….
A. $16,525
B. $14,500
C. $10,800
D. $5,025
E. $1,925
9. “There is a short-run aggregate relationship between inflation rates and the rates of
unemployment”. This statement refers to … the relationship between the variables is
…
A. The demand curve, indirect
B. Classical theory, direct
C. The phillips curve, inverse
D. Says Law, inverse
E. The fisher effect, direct
10.Which of the following is a contractive fiscal policy?
A. Increasing tax
B. Increasing government expenditure
C. Increasing transfer payment
D. Eliminating tax
E. Increasing subsidy
15.Countries engaged in international trade specialize in production based on ….
A. Relative levels of GDP
B. Relative exchange rates
C. Relative inflation rates
D. Relative levels of per capita income
E. Comparative advantage
16.Your country is in a period of slow economic growth, rising unemployment, and
businesses are not producing goods. Which of the following situations describes
your country?
A. democracy
B. inflation
C. stability
D. recession
E. depreciation
18.If a rubber plantation is combined with a latex company then combined with a tire
company and combined with a tire store, there will be a integration called ....
A. Combined horizontal business
B. Combined vertical business
C. Combined mass business
D. Combined pool business
E. Combined conglomerate business
20.The demand equation is P = -Q + 550 while supply is P = Q+ 200 . If the government
gives subsidy 10 over each product purchased/sold, then the total subsidy that must
be given by the government is ….
A. 2000
B. 1900
C. 1800
D. 1700
E. 1600
34.From the calculation, price index for 2014 is 125.80, this means…
A. increasing price of 125.80%
B. decreasing price of 125.80 %
C. increasing price of 100%
D. in 2014, price increases 25.80%
E. in 2014, price decreases 25.80%
38.Transport Services Company "Angkasa" was recorded in the general ledger account
prepaid insurance Rp. 2,400,000.00 paid 1 June 2016 for one year, then after AJP
posted Insurance prepaid balance per December 31, 2016 is ...
A. Debit Rp1.400.000,00
B. Credit Rp1.400.000,00
C. Debit Rp1.000.000,00
D. Credit Rp1.000.000,00
E. Debit Rp400.000,00
40.The net profit reported in the financial statements of the company "Ananda" is
$90,000,000.00. But of adjusting entries at the end of the period have not been
made known that the supplies expense is Rp2.700,000,00 and Rp1.300,000,00
salary debts. In accordance with this information, the net profit after the corrected
value is ...
A. Rp86.000.000,00
B. Rp87.300.000,00
C. Rp88.700.000,00
D. Rp90.000.000,00
E. Rp92.700.000,00
44. If workshop company pays rent of Rp 20.000.000,00 then written as follows:
Prepaid rent expense Rp 20.000.000,00
Cash Rp 20.000,000,00
So the recording of the company used accounting method....
A. Historical Cost
B. Going concern13
C. Substance over Form
D. Accrual Basis
E. Cash Basis
46. If at the beginning of the period, assets are Rp 300.000.000,00 , debts are Rp
50.000.000,00 and after the company operated for a year, there is an increase of
total asset of 30% and decrease of debts 20%, so there is ... at the finance of the
company.
A. increasing capital of 10%
B. decreasing capital of 10%
C. increasing capital of 40%
D. decreasing capital of 40%
E. increasing income of 10%
49. If in the worksheet, the number of debit coluomn in balance sheet is Rp200.000,00
and credit is Rp190.000,00 while end capital is Rp150.000,00 income is
Rp100.0000,00 so prive in the company is....
A. Rp148.000,00
B. Rp140.000,00
C. Rp10.000,00
D. Rp5.000,00
E. Rp2.000,00
50. The financial data company workshop "APIK" as follows:
Cash Rp2.500.000,00
Account Receivable Rp700.000,00
Supplies Rp300.000,00
Prepaid Rent Rp225.000,00
Deffered Revenue Rp275.000,00
Building Rp10.000.000,00
Accumulated Building depreciation Rp500.000,00
Equipment Rp2.000.000,00
Accumulated Equipment depreciation Rp200.000,00
Fees Income Rp8.000.000,00
Salaries Expense Rp1.500.000,00
Utilities Expense Rp450.000,00
Capital per 31 december 2014 Rp12.000.000,00
Based on the above data, if made Balance sheet, the amount of debt the company
is....
A. Rp2.800.000,00
B. Rp2.525.000,00
C. Rp3.075.000,00
D. Rp3.300.000,00
E. Rp3.950.000,00
2017
8 These are the correct statement about The Law of Diminishing Returns Curve,
EXCEPT….
a. a curve that shows combination of adding variable input continuously with constant
input
3 b. the beginning step of adding variable input increase Total Product and Marginal
Product
c. starting at certain time Marginal Product will decrease, while Total Product increase
d. the law of diminishing returns will occur when Total Product decrease
e. when Total Product reach its maximum, Marginal Product = 0
11 A total cost curve shows the relationship between the ....
a. quantity of an input used and the total cost of production
b. quantity of output produced and the total cost of production
c. quantity of output produced and the total of labor used
d. total cost of production and profit
e. total cost of production and total revenue
23 The variable that must be taken into account to get the figure of Gross National Product
from a figure of Gross Domestic Product, or the reverse, is ….
a. economic growth
b. income per capita
c. net export revenue
d. foreign exchange rate
e. net foreign factor income
25 Government transfer payments are basically defined as ….
a. those which require service on the part of the recipient
b. intergovernmental flows that do not affect individuals directly
c. those for which the recipient gives no concurrent service in return
d. receipts which do not increase the total purchasing power of all recipients
e. that part of government expenditures on good and services not financed by taxes
29 What can increase the number of labour force?
a. Population increase.
b. Changes in the number of population.
c. Changes in the age composition of the population.
d. The increase in the working age population.
e. The increase in the non-working age population.
30 In the short run a monopolist ....
a. cannot incur any loss because the firm is the only seller
b. produces at minimum average cost to gain maximum profit
c. produces at maximum total revenue to earn maximum profit
d. produces at the level when marginal revenue equals marginal cost to keep minimum
loss
e. produces at the level when marginal revenue exceeds marginal cost to gent maximum
profit.
No Various goods Goods price
2013 2014 2015
1 Rice 8.000 9.000 10000
2 Sugar 9.000 10.000 11.500
3 Palm oil 9.000 10.000 11.000
32 The table of various and price of goods during three years:
The degree of Inflation at year 2015 if it is counted by price consumers index (based on
year 2014) is ....
a. hyper inflation
b. heavy inflation
c. high inflation
d. moderate inflation
e. low inflation
36 The value of money based on the theory from Irving Fisher influenced by factor: amount
of money, velocity of money, and trade of goods or services. The statement which is
represents the Irving Fisher theory, EXCEPT....
a. If M is stable, V and T is stable, then the value of money will be stable.
b. If M decreases, V and T is stable, then the value of money decreases.
c. If M increases, V and T is stable, then the value of money decreases.
d. If M decreases,M and T is stable, then the value of money decrease.
e. If M increases, M and T is stable, then the value of money increases.
39 Pay attention to the chart below.
P S1
S2
P3
P2
Based on the chart, at equilibrium price, the quantity of goods sold is OQ1. If the government
add subsidy to the producer, the equilibrium price and quantity of goods are in
….
a. P1Q1
b. P1Q2
c. P2Q1
d. P1Q3
e. P3Q2
40 This is the flow chart economic activity.
1
Output Market
3
RTK 5 RTN RTP
Overseas
2
Input Market
4
Based on the chart, flow number 4 shows ….
a. producers import goods to overseas
b. foreigners gain input from consumers
c. government exports goods to overseas
d. consumers get honor from their input
e. consumers pay tax to government.
43 Anna, Accounting staff of service company journalize transactions as below:
1. Purchased office equipment = Cash (Dr) and Equipment (Cr)
2. Paid accrued wages expense = Cash (Dr) and Wages Payable (Cr)
3. Paid debt from last month transaction = Payable (Dr) and Cash (Cr)
4. Receipt payment from customer = Cash (Dr) and Receivables (Cr)
5. Earn service to be billed next month = Receivables (Dr) and Service Fees (Cr)
The correct journal entry are number ….
a. (1), (2), dan (5)
b. (1), (3), dan (4)
c. (2), (3), dan (4)
d. (2), (3), dan (5)
e. (3), (4), dan (5)
48 The financial data of transportation company “Gagak Hitam” shows as follow :
- Equity (ending balance) Rp 184.500.000,00
- Wages Expense Rp15.000.000,00
- Rent Expense Rp12.500.000,00
- Electricity Expense Rp3.000.000,00
- Withdrawals Rp3.500.000,00
- Service Fees Rp45.500.000,00
Based on the information above, the beginning balance of equity “Gagak Hitam” is ….
a. Rp154.500.000,00
b. Rp173.000.000,00
c. Rp181.000.000,00
d. Rp188.000.000,00
e. Rp191.500.000,00
49. The financial data of Nency beauty shop at the ending period (December 31, 2016) as
follow :
- Equity (Ending balance) Rp80.000.000,00
- Net Income Rp10.150.000,00
- Rent expene Rp2.000.000,00
- Electricity Expense Rp300.000,00
- Telephone expense Rp700.000,00
- Supplies expense Rp500.000,00
- Equity (Beginning Balance) Rp70.850.000,00
Based on the data above, nancy's withdrawal for the period is ....
a. Rp1.000.000,00
b. Rp9.150.000,00
c. Rp10.150.000,00
d. Rp12.650.000,00
e. Rp14.650.000,00
50 The net income reported on the income statement is Rp58.000.000,00. However, adjusting
entries have not been made at the end of the period for supplies expense of Rp2.200.000,00
and accrued salaries of Rp1.300.000,00. Net income, as corrected, is
a. Rp58.000.000,00
b. Rp56.700.000,00
c. Rp55.800.000,00
d. Rp54.500.000,00
e. Rp52.500.000,00
2018
2. Microeconomics studies such topic as ….
A. factors that determine inflation
B. forces that influence the price of clothes
C. determinants of total output
D. whether the unemployment rate will rise or fall
E. the overall trend in stock market prices
3. Opportunity cost is best defined as ….
A. the amount of debt you take on by making decision
B. the benefit you gain by making a decision
C. the price you pay to purchase something
D. the quantity of resources used to produce goods
E. the best rejected alternative you give up when making decision
4. Points on the production possibilities frontier are ….
A. profit
B. efficiency
C. marginal substitution
D. specialization
E. unattainable
6. In wich economic system would it be the easiest to start a business?
A. Command.
B. Mixed.
C. Traditional.
D. Market.
E. Socialism.
28. The number of persons in an economy without jobs because they choose to be
unemployed is called ....
A. frictional unemployment
B. technology unemployment
C. voluntary unemployment
D. deflationary unemployment
E. cyclical unemployment
30. The indicator that measures the average change in prices paid by consumers for goods
and services over a set period of time is called ....
A. Export Price Index
B. Import Price Index
C. GDP deflator
D. Consumer Price Index
E. Produser Price Index
31. Which policy pursued by a central bank represents a tight money policy?
A. A reduction in the minimum cash to deposit ratios of bank.
B. The purchase of foreign currency to influences the country’s exchange rate.
C. A reduction in the interest rate at which it will land to banks.
D. The sale of government bonds in the open market.
E. An increase in demand for a foreign currency.
32. The raw shows monetary policy and fiscal policy instruments to influences the supply
of money. Which policies are correct?
Monetary policy Fiscal policy
Increasing supply Decreasing Increasing supply Decreasing
of money supply of money of money supply of money
A Increase in the The purchase of A reduction in the To increase in the
minimum cash government bond fiscal tariff government
requirement expenditure
B A reduction in the Moral suasion for To increase in the A reduction in
interest rate saving fiscal tariff the government
expenditure
C To make harder the A reduction in the Planning the Planning the
credit condition cash ratio surplus budget deficit budget
D Moral suasion for To make easier Planning the Planning the
saving the credit deficit budget surplus budget
condition
E A reduction in the The sale of A reduction in the To increase in the
interest rate government bond fiscal tariff government
expenditure
33. The 2017 State Income and Expenditure Budget sets on 1,750.3 billion rupiah. The
amount is affected by several macro-economic assumptions is the increasing GDP and
Consumptions Price Index at 5.1% and 4.0% respectively. These assumptions represents
are...
A. interest rate and inflation
B. interest rate, and economic growth
C. economic growth, and inflation
D. exchange rate, and inflation
E. economic growth, and exchange rate
34. Which statement is correct identifiying from State Income and Expenditure Budget?
A. The structure of State Income and Expenditure Budget consist of: state income and
donation receipts, state expenditure, primary balance, budget surplus/deficit, and funding.
B. The structure of State Income and Expenditure Budget consist of: domestic taxes,
international trade taxes, non taxes income, state expenditure, and budget surplus/deficit.
C. Primary balance, budget surplus/deficit, funding, are include on state expenditure.
D. The state expenditure component consist of: regional transfer, primary balance,
special autonomy fund and adjustments.
E. Figure of Regional balancing fund is: state income minus state expenditure without
interest loan.
37. Pay attention to the table of Balance of Payments below.
Indonesia (US $) Thailand (US $)
Export 800 Export 800
Import 600 Import 1.600
Balance of Trade + 200 Balance of Trade - 800
Autonomous inflow - 100 Autonomous inflow + 200
Accomodative inflow - 100 Accomodative inflow + 400
National stock + 200
Balance 0 Balance 0
Based on the data, the correct conclusion is ….
A. Indonesia’s total surplus in trade is in the amount US $200
B. Thailand experiences surplus in trade in the amount of US $800
C. Indonesia experiences deficit in trade in the amount US $100
D. Thailand’s total deficit in trade is in the amount of US $600
E. Thailand is more advanced than Indonesia because it has foreign exchange reserves in
the amount of US $200
2019
2. Ajie sold his house for Rp500.000.000,00 that he bought a year ago for
Rp500.000.000,00. He says, “at least I didn’t lose my money on my financial investment.”
His economist friend point out that in effect he did lose money, because he could have
received at least 5 percent return on the Rp500.000.000,00 if he had bought a bank certificate
of deposit instead of a house. The economist’s analysist in this case incorporates the idea of
….
A. normative economics
B. cost productions
C. opportunity cost
D. marginal benefit
E. efficiency
3. Wich of the following is positive economic statement?
A. If the government increases tax on gasoline, the price people pay for gasoline will
rise.
B. The government should not let the price of gasoline rise, because this would harm
poor people.
C. The government should let the price of gasoline rise, because this would help retired
people who own stock in petroleum companies.
D. The government ought not to control the price of gasoline, because its price should be
determined in the free marketplace.
E. The government increases the gasoline price.
5. Why does even a free market economy need some government intervention?
A. To ensure that the government has the freedom to tax as necessary.
B. To provide things that the marketplace could not provide.
C. So that the government has some control over factor resources.
D. To ensure that the government can fulfill its needs for military personnel.
E. To eliminates unemployment.
6. A government sets quotas and prints and distributes posters to inspire workers to
increase their productivity. In which type of economy would this most likely take place
….
A. traditional system
B. market system
C. mixed system
D. syariah system
E. command system
9. How do industries under monopolistic competition resemble those in pure
competition?
A. Diferentiated products are produces in both market structures.
B. In the long run, industries in both market structures earn high economic profits.
C. Industries in both market structures are price searchers as opposed to price taker.
D. In both market structures, barriers to entry are weak or do not exist.
E. Industries in both market structures consist of only few firms.
2020
3. The purpose of a production possibilities graph is to ….
A. enable a country to mobilize to win a competition
B. keep an economy from having non producttive workers
C. make the least costly use of its resources
D. make it possible to increase an economy’s input
E. show alternative ways to use an economy’s resources
6. At equilibrium, the slope of the indifference curve is ….
A. greater than the slope of budget line
B. smaller than the slope of budget line
C. a vertikal straight line of budget line
D. none
E. equal to the slope of badget line
10. A decrease in quantity demanded caused by an increase in price represented by a
….
A. movement up and to the left along the demand curve
B. leftward shift of the demand curve
C. rigthward shift of the demand curve
D. movement down and to the right along the demand curve
E. there is no movement on the demand curve
17.A company is a place where production activities happen and where all production
factors can be found. If a company is effectively controlled by another company or is
combined with a company or other companies due to similar interest or ownership
or management, the company is known as …
A. Limited Company
B. Affiliated Company
C. Consolidated Company
D. Acquired Company
E. Merged Company
18. The advantages and disadvantages of a business entity are listed as follows :
1. Focusing on profit too much and neglecting the community and environment
2. Lacking competency of the management that causes slow business growth
3. There are a lot of disagreement between the management of the company and
labor union
4. Growth or decline of the company depends on the good faith of policy makers
5. Slow in making decision as the shareholders have to undergo complicated
bureaucracy process in order to make decision
19. Study the table below :
No Types of Business Entity
1 Sole Proprietorship is a type of business entity that is founded by
one individual and whose capital comes from one individual
2 Extractive Company is a business entity whose activities of the
company is extracting natural resources directly in order to create a
certain purpose of the natural resources
3 Limited Liability Company is a company that obtains their capital by
issuing shares
4 Trading Company is a business entity whose activities is distributing
or trading goods and products to customers
5 Firm is a business entity involving partnership of two or more
people in running the company under one common name and each
of them has similar responsibilities
6 Industrial Company is business entities whose activities are
processing raw materials to be ready-to-consume products
Based on the table, types of business entity based on business fields is shown by number …
A. 1, 2, and 3
B. 1, 3, and 5
C. 2. 4, and 6
D. 3. 4, and 6
E. 3, 5, and 6
22. Let’s take a look to these data (assuming 1st year as baseline year).
Production (Q) Price per unit (P)
Kind of
Production 1st 2nd 1st 2nd
Year Year Year Year
Good X 600 1.100 Rp50.000,00 Rp40.000,00
Good Y 700 400 Rp30.000,00 Rp100.000,00
According from data, the real GDP in 2nd year is …. A. Rp51. 000.000,00
B. Rp67. 000.000,00
C. Rp84. 000.000,00
D. Rp94. 000.000,00
E. Rp102 000.000,00
27. Currently online transportation facilities are in great demand by the public. The
increasing demand for online transportation has resulted in increasing demand for motorized
vehicle products. The increase in demand for motor vehicles was followed by an increase in
bank credit. Increasing bank credit will cause inflation. Therefore, the most appropriate way
for the monetary authority to avoid the inflation problem is ....
A. the central bank makes selective lending policies to financial institutions
B. reducing foreign debt
C. establishing a ban on imports of motorized vehicle products
D. reducing government spending so as not to increase the money supply
E. creating free public transportation so that people move away from online
transportation so as to reduce congestion
