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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.

All Topics  4423

Pakistan follows the policy of_______________?
A Fixed exchange rate
B Flexible exchange rate
C controlled exchange rate
D Increasing exchange rate
Correct Answer: Flexible exchange rate
‘Forex’ stands for ?
A For examine
B Foreign exchange
C Foreign exports
D None of these
Correct Answer: Foreign exchange
National income refers to ?
A Money value of goods and and services produced in a country during a year.
B Money value of stocks and shares of a country during a year.
C Money value of capital goods produced by a country during a year.
D None of these
Correct Answer: Money value of goods and and services produced in a country during a year.
Fiscal deficit in the budget means ?
A Revenue deficit plus the net borrowings of the government
B Budgetary deficits plus the net borrowings of the government
C Capital deficit plus revenue deficit
D Primary deficit minus capital deficit
Correct Answer: Budgetary deficits plus the net borrowings of the government
The sum of total income received for the services of labor, land or capital in a country is called?
A Gross domestic product
B National income
C Gross domestic income
D Gross national income
Correct Answer: National income
Which of the following would increase national income ?
A Increase in taxation
B Increase in savings
C Increase in govt. spending
D Decrease in consumption spending
Correct Answer: Increase in govt. spending
Market value of all final goods and services produced in a country during a year is definition of ?
A NI
B NNP
C GNP
D Consumption
Correct Answer: GNP
GNP includes ?
A A loan from a bank
B A loan from one’s parents
C Gifts and donations
D A broker’s commission
Correct Answer: A broker’s commission
The term “Dumping” means ?
A The sale of the sub-standard commodity
B Sale in a foreign market of a commodity at a price below marginal cost
C Sale in a foreign market of a commodity just at marginal cost without too much of profit
D Smuggling of goods without paying any customs duty
Correct Answer: Sale in a foreign market of a commodity at a price below marginal cost
To determine the correct level of GNP, it is necessary to ?
A To add up the values of goods and services for one year
B Add up all savings
C To count all imports
D To add up the value of semi-finished goods
Correct Answer: To add up the values of goods and services for one year
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