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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.

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

A To convert assets into cash

B Abolish

C Both of them

D All of them

Review Detailed Answer

Correct Answer: Both of them

What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?

A Economic Cycle

B Business Cycle

C Complete Cycle

D Cycle Business

Review Detailed Answer

Correct Answer: Business Cycle

What is referred by the by economic theory “Liberalism” ?

A The free market

B Gold standard

C Laissez faire

D All of these

Review Detailed Answer

Correct Answer: All of these

How is termed the balance of investment and return; in which investment and return are exactly equal ?

A Break even

B Breakeven point

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

A letter of Credit

B Letter of expression

C Demand draft

D Letter of intent

Review Detailed Answer

Correct Answer: letter of Credit

Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?

A Bonus

B Overtime

C Prize

D Gift

Review Detailed Answer

Correct Answer: Bonus

Total number of adults currently employed or actively seeking work in all economic sectors is known as ?

A Labor force

B Labor potential

C Work force

D All of them

Review Detailed Answer

Correct Answer: Labor force

A stock that sells at a high price because of public confidence in its long record of steady earnings is called ?

A Blue chip

B Blue Chipper

C An extremely valuable asset or property

D All of these

Review Detailed Answer

Correct Answer: All of these

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

A List of stock a company own

B List of assets of a corporation

C Total obligation of a firm

D An evaluation or a survey, as of abilities or resources

Review Detailed Answer

Correct Answer: An evaluation or a survey, as of abilities or resources

What is called the trade of goods or services without the exchange of money ?

A Free exchange

B Liberal Exchange

C Barter

D Bilateral Trade

Review Detailed Answer

Correct Answer: Barter

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?

What is referred by the by economic theory “Liberalism” ?

How is termed the balance of investment and return; in which investment and return are exactly equal ?

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?

Total number of adults currently employed or actively seeking work in all economic sectors is known as ?

A stock that sells at a high price because of public confidence in its long record of steady earnings is called ?

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

What is called the trade of goods or services without the exchange of money ?