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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.

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

A Human Development Index (HDI)

B Consumer Price Index (CPI)

C Complete Price Index (CPI)

D Comparative Price Index (CPI)

Review Detailed Answer

Correct Answer: Complete Price Index (CPI)

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

A Adam Smith

B David Ricardo

C David Smith

D Adam Ricardo

Review Detailed Answer

Correct Answer: David Ricardo

A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?

A Pledge

B Assurance

C Collateral

D Guaranty

Review Detailed Answer

Correct Answer: Collateral

Which of the following is the Pakistan’s central bank ?

A State Bank

B National Bank

C Both of them

D None of them

Review Detailed Answer

Correct Answer: State Bank

What is called the crop which is grown for sale rather than the farmer’s own use ?

A Business Crop

B Cash crop

C Money Crop

D Earning Crop

Review Detailed Answer

Correct Answer: Cash crop

Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?

A Capitalism

B Socialism

C Free market economy

D Liberalism

Review Detailed Answer

Correct Answer: Capitalism

Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?

A Money flight

B Capital drain

C Free flow

D Capital flight

Review Detailed Answer

Correct Answer: Capital flight

A long-term asset, such as land or building is termed as ?

A capital asset

B solid asset

C solid capital

D Future asset

Review Detailed Answer

Correct Answer: capital asset

What is called the rules of laws which governs the internal affairs of an organization ?

A Corporate Laws

B Secondary Laws

C By laws

D Internal Laws

Review Detailed Answer

Correct Answer: By laws

The intermediary agent in the purchase and sale of any good is known as ?

A Dealer

B Broker

C Agent

D Commission agent

Review Detailed Answer

Correct Answer: Broker

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?

Which of the following is the Pakistan’s central bank ?

What is called the crop which is grown for sale rather than the farmer’s own use ?

Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?

Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?

A long-term asset, such as land or building is termed as ?

What is called the rules of laws which governs the internal affairs of an organization ?

The intermediary agent in the purchase and sale of any good is known as ?