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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

The most industrialized country in Asia is ?
A Japan
B South Korea
C Taiwan
D Malaysia
Correct Answer: Japan
What can a central bank increase in order to reduce consumer borrowing ?
A commercial bank deposits
B government bank deposits
C government spending
D interest rates
Correct Answer: interest rates
Which of the following is an example of government policy that could reduce inflation ?
A increasing bank lending
B increasing import duties
C reducing government expenditure
D None of these
Correct Answer: reducing government expenditure
Which of the following groups suffer the most from inflation ?
A Debtors
B Creditors
C Business class
D None of these
Correct Answer: Creditors
With whom would you associate the following quote” The business of business is business” ?
A Milton Friedman
B Adam smith
C Alfred Marshal
D Karl Marx
Correct Answer: Milton Friedman
Devaluation means ?
A Converting rupee into gold
B Lowering of the value of one currency in comparison of some foreign currency
C Making rupee dearer in comparison to some foreign currency
D None of these
Correct Answer: Lowering of the value of one currency in comparison of some foreign currency
The period of high inflation and low economic growth is termed as ?
A Stagnation
B Take-off stage in economy
C Stagflation
D None of these
Correct Answer: Stagflation
Which of the following can be used for check inflation temporarily ?
A increase in wages
B Decrease in money supply
C Decrease in tax
D None of these
Correct Answer: Decrease in tax
Which of the following must always balance ?
A The balance of visible trade
B The balance of invisible trade
C The balance on the current account
D The balance of payments
Correct Answer: The balance of payments
Which type of income is earned only the actor of production enterprise ?
A interest
B Profit
C rent
D wages
Correct Answer: Profit
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