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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.

Inflation is ?

A Increase in the amount of circulating money

B Lowering of purchasing power

C Decrease in the amount of circulation money

D None of the above

Review Detailed Answer

Correct Answer: Increase in the amount of circulating money

How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?

A Bankruptcy

B Default

C Total loss

D Crash

Review Detailed Answer

Correct Answer: Bankruptcy

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

A Hyperinflation

B Ultra-inflation

C A cute inflation

D Super inflation

Review Detailed Answer

Correct Answer: Hyperinflation

What is called the difference in the money value between exports and imports during the specific period of time ?

A Balance of payment

B Balance sheet

C Terms of trade

D Balance of trade

Review Detailed Answer

Correct Answer: Balance of trade

What is referred by the hard currency ?

A Any currency backed by gold or silver bullion rather than credit

B Stable currency value of which does not fluctuate greatly

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates ?

A Breton Wood method

B Free market exchange rate

C Atlas method of exchange rate

D Open market exchange rate

Review Detailed Answer

Correct Answer: Atlas method of exchange rate

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

A Grey market

B White market

C Red market

D Open market

Review Detailed Answer

Correct Answer: Grey market

Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?

A A precise list or enumeration of financial transactions

B Money deposited for checking savings or breakage use

C A customer having business or credit relationship with a firm

D All of these

Review Detailed Answer

Correct Answer: All of these

There are certain products which are sold without brand name or trademark What these products are called ?

A Generic

B Forged goods

C Contraband

D Clean goods

Review Detailed Answer

Correct Answer: Generic

Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?

A Open trade

B Free trade

C Open sky trade

D Easy trade

Review Detailed Answer

Correct Answer: Free trade

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Inflation is ?

How is termed the legal proceeding in which debtor remains unable to pay his creditors in full ?

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

What is called the difference in the money value between exports and imports during the specific period of time ?

What is referred by the hard currency ?

The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates ?

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?

There are certain products which are sold without brand name or trademark What these products are called ?

Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?