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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

What would reduce the role of central planning in a economy ?
A Increasing government spending
B Increasing public ownership of firms
C Increasing the role of markets
D Removing the profit motive
Correct Answer: Increasing the role of markets
Transfer payments means ?
A Bank loans
B The payment without work
C Tax payments
D Payments made to all factors of production
Correct Answer: The payment without work
The standard of living in a country is represented by its ?
A National income
B Per capita income
C Poverty ratio
D None of these
Correct Answer: Per capita income
A tax which is paid by the person on whom the tax is incident is called a ?
A Local tax
B Indirect tax
C Direct tax
D Rate
Correct Answer: Direct tax
Who is a “Lame Duck” in a stock market ?
A A new investor
B A old investor
C A member of the stock exchange who cannot meet his obligations
D None of the above
Correct Answer: A member of the stock exchange who cannot meet his obligations
Which company holds the world record for having the maximum number of shareholders ?
A Reliance Industries Ltd.
B British Gas
C General Motors
D State Bank
Correct Answer: Reliance Industries Ltd.
Devaluation of currency helps to promote ?
A National income
B Saving
C Imports at lower cost
D Exports
Correct Answer: Exports
If saving exceeds investment the national income will ?
A Fall
B Rise
C Fluctuate
D Remain constant
Correct Answer: Remain constant
Which function is performed by both commercial banks and central banks ?
A Acting as bankers to the government
B Advising the government on monetary policy
C Dealing in foreign exchange
D Fixing the main interest rate
Correct Answer: Dealing in foreign exchange
What is Black Money ?
A Income on which payment of tax is usually evaded
B Illegally earned money
C Money earned through underhand deals
D None of these
Correct Answer: Income on which payment of tax is usually evaded
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