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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

National income of a country is based on ?
A The taxes earned by the State
B The sum of all factors of income
C Personal incomes of all the citizens
D Surplus of exports over imports
Correct Answer: The sum of all factors of income
What is more likely to be found in a free market economy than in a planned economy ?
A an even distribution of income
B an incentive to innovate
C a wide range of public goods
D full employment of labor
Correct Answer: an incentive to innovate
To what does the phrase terms of trade refer ?
A the currency exchange rate
B the difference between the value of visible exports and visible imports
C The government’s policies to increase exports
D the rate at which exports are exchanged for imports
Correct Answer: the rate at which exports are exchanged for imports
Which economics term describes the takeover of one textile manufactures by another ?
A Diversification
B horizontal integration
C monopoly
D vertical integration
Correct Answer: horizontal integration
Who among the following is most benefited from inflation ?
A Government pensioners
B Creditors
C Savings Bank Account holders
D Debtors
Correct Answer: Debtors
Monetary policy is regulated by ?
A Money lenders
B Central Bank
C Private entrepreneurs
D Government policy
Correct Answer: Central Bank
A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?
A Inflation
B Hyper-inflation
C Deflation
D Disinflation
Correct Answer: Hyper-inflation
An essential attribute of inflation is ?
A Fall in production
B Increase in prices
C Stagflation
D None of these
Correct Answer: Increase in prices
Which measures. taken by a government would be intended to raise the price of imports ?
A Embargoes
B Foreign exchange controls
C Quotas
D Tariffs
Correct Answer: Tariffs
The term ‘real wage’ means the money wage” ?
A after tax
B allowing for change in prices.
C Plus, benefits in kind
D plus, overtime payments.
Correct Answer: allowing for change in prices.
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