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Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

LIFO (last in, first out) means ?

A to make queue

B items are removed in inverse order

C turn by turn

D make space for new production

Review Detailed Answer

Correct Answer: items are removed in inverse order

Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ?

A Letter of intent

B Letter of Credit

C Letter of Expression

D Papers of Landing

Review Detailed Answer

Correct Answer: Letter of intent

Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?

A Free market economy

B Laissez faire also Laisser faire

C Open market economy

D Liberal market economy

Review Detailed Answer

Correct Answer: Laissez faire also Laisser faire

How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?

A Market Economy

B Harvard Group

C Keynesian

D London Group

Review Detailed Answer

Correct Answer: Keynesian

What is called a check that is returned by a bank because it is not payable, usually because of insufficient funds ?

A Bounce

B Return

C Grossed

D Refused

Review Detailed Answer

Correct Answer: Bounce

What is referred by interest ?

A Payment made for the use of another person’s money

B payment made for the use of bank’s money

C Share in profit

D Devaluation in the currency

Review Detailed Answer

Correct Answer: Payment made for the use of another person’s money

Rules and Particles that govern the management of an organization are called ?

A Internal laws

B By laws

C Character

D Memorandum of articles

Review Detailed Answer

Correct Answer: By laws

Indemnity is_______________?

A Security against damages loss, or injury

B A legal exemption from liability for damages

C Compensation for damages loss, or injury suffered

D All of these

Review Detailed Answer

Correct Answer: All of these

In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?

A Spreadsheet

B Splinter

C Family growth

D Butterfly

Review Detailed Answer

Correct Answer: Butterfly

Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?

A Hinterland

B Country land

C Dependent land

D Parasite land

Review Detailed Answer

Correct Answer: Hinterland

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

LIFO (last in, first out) means ?

Termed the written statement which expresses the intention of undersigned to enter into a formal agreement ?

Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?

How is termed the economic theories or Maynard Keynes especially those which advocate government monetary and fiscal and stimulate business activity ?

What is called a check that is returned by a bank because it is not payable, usually because of insufficient funds ?

What is referred by interest ?

Rules and Particles that govern the management of an organization are called ?

Indemnity is_______________?

In the context of equities What is called a firm with two divisions that may split into two companies and issue original shareholders two shares for every old share they have ?

Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?