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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 is public sector ?
A Public corporations
B Central and local government
C Nationalized Industries
D All of them
Correct Answer: All of them
Term the minimum income level below which a person is considered to be living in poverty ?
A Poverty level
B Poverty line
C Both of them
D None of them
Correct Answer: Both of them
What is National debt or public debt ?
A State’s borrowing from its population
B State’s borrowing from foreign government
C state’s borrowing from international institution
D All of these
Correct Answer: All of these
Governmental non-interference in commerce is called ?
A Free market economy
B Laissez faire also Laisser faire
C Open market economy
D Liberal market economy
Correct Answer: Laissez faire also Laisser faire
What is inflation ?
A Increase in the amount of circulating money
B Lowering of purchasing power
C Decrease in the amount of circulation money
D None of these
Correct Answer: Increase in the amount of circulating money
What is Free port ?
A Where no export duties are levied
B Where no import duties are levied
C Where no export or import duties are levied
D Where everything can be import or export
Correct Answer: Where no export or import duties are levied
What is called a country’s total financial obligations to the rest of the world ?
A Total debt
B Debt burden
C National liabilities
D External debt
Correct Answer: External debt
What is the period called 12-months plan of a country to use its funds ?
A Fiscal period
B Calendar year
C Year unit
D Fiscal year (FY)
Correct Answer: Fiscal year (FY)
Gross Domestic Product (GDP) is__________________?
A Value of all economic activity with in a nation’s border
B Economics output of a country
C Economic activities of federal government
D None of these
Correct Answer: Value of all economic activity with in a nation’s border
What is Dumping ?
A Sale of goods in large quantities with high quality
B Sale of goods in large quantities with low quality
C Sale of goods in large quantities and at a low price
D Sale of goods in large quantities with high price
Correct Answer: Sale of goods in large quantities and at a low price
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