M C Q s D r i v e

Economics Mcqs 4423 MCQs [All-Courses]

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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 amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?
A Open value
B Book value
C Real value
D Artificial value
Correct Answer: Book value
Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?
A Certificates
B Sureties
C Security bonds
D Bond
Correct Answer: Bond
Term the written order which directs that a specified sum of money be paid to a specified person ?
A Bill of Exchange BE
B Bill of Lading
C Bearer Cheque
D None of them
Correct Answer: Bill of Exchange BE
Bearer cheque is ?
A Payable to anyone
B payable to person holding it
C payable through account only
D payable after specific period
Correct Answer: payable to person holding it
Balance of sheet is understood as ?
A Profit in a year
B Statements of accounts that shows debit and credit accounts under the broad heads
C Performance of a company
D Accurate economic position
Correct Answer: Statements of accounts that shows debit and credit accounts under the broad heads
The balance of payment is ?
A Balance between a nation’s expenditure on imports and its receipts from exports
B Total sum a state owned
C Total liabilities of a nation
D Shortfall in budget
Correct Answer: Balance between a nation’s expenditure on imports and its receipts from exports
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
A Assembly line
B Production line
C Both of them
D None of them
Correct Answer: Both of them
National Income is essentially composed of ?
A All wealth of a nation
B Annual Income of the central government
C All income of the people on a year
D Income derived from taxes by the central government
Correct Answer: All income of the people on a year
Government policy about exports and imports is called ?
A Monetary policy
B Fiscal policy
C Commercial policy
D Finance policy
Correct Answer: Commercial policy
When aggregate supply exceeds aggregate demand ?
A Business inventory accumulate
B Unemployment exists
C Price of consumer goods rise
D People save more than they intended to save
Correct Answer: Business inventory accumulate