MCQsDrive | MCQsDrive

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.

Which term is used for a country’s holdings of intentionally acceptable means of payment ?

A Holdings

B Reserves

C Foreign currency

D Treasure

Review Detailed Answer

Correct Answer: Reserves

Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?

A Decreasing business activity

B Falling prices

C Unemployment

D All of these

Review Detailed Answer

Correct Answer: All of these

What is the rate of exchange or exchange rate ?

A Power to buy foreign currency

B Foreign currency holding

C Ratio at which unit of one country’s currency is exchanged for unit of another country currency

D None of them

Review Detailed Answer

Correct Answer: Ratio at which unit of one country’s currency is exchanged for unit of another country currency

What is Demand note ?

A Draft payable in lawful money upon demand

B Cheque payable in lawful money upon demand

C Security payable in lawful money upon demand

D Term deposit payable in lawful money upon demand

Review Detailed Answer

Correct Answer: Draft payable in lawful money upon demand

What is comprised by public sector ?

A Public corporations

B Central and local government.

C Nationalized industries

D All of them

Review Detailed Answer

Correct Answer: All of them

Which term is used for a bank account which can be operated at will ?

A Saving Account

B Fixed account

C Current account

D Fluctuated account

Review Detailed Answer

Correct Answer: Current account

What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?

A Domestication

B Protectionism

C Localization

D National interest

Review Detailed Answer

Correct Answer: Protectionism

Cost of production plus a fixed rate of profit is called ?

A cost plus

B Cost effective

C End price

D Consumer price

Review Detailed Answer

Correct Answer: cost plus

How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?

A Promissory Note (PN)

B Note of hand

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

What is the cost effective ?

A Cheap things

B Substandard things

C Economical in terms of the goods or services received for the money spent

D Free in terms of the goods or services received for the money spent

Review Detailed Answer

Correct Answer: Economical in terms of the goods or services received for the money spent

Showing 151 to 160 of 436 results

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Which term is used for a country’s holdings of intentionally acceptable means of payment ?

Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?

What is the rate of exchange or exchange rate ?

What is Demand note ?

What is comprised by public sector ?

Which term is used for a bank account which can be operated at will ?

What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?

Cost of production plus a fixed rate of profit is called ?

How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?

What is the cost effective ?