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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

A critic of “Shock therapy” to transition economies. Vladamir Popov, contends that shock therapists put a heavy emphasis on ?
A introducing the reform package at once to ensure that it became too late and costly to reverse the reforms
B agricultural reform rather than industrial reforms to overcome food insecurity
C the creation of a small-scale private sector ans small independent banks
D attempts to gradually remake institutions
Correct Answer: introducing the reform package at once to ensure that it became too late and costly to reverse the reforms
State-owned enterprises (SOEs) are also called ?
A centralized firms
B government oligopolies
C market economies
D public enterprises
Correct Answer: public enterprises
The industrial concentration ratio is the proportion of an industry’s output ?
A produced by the three largest firms in the industry
B produced in cement, machine tools and steel industries
C and labor intensities relative to labor productivity
D as a percentage of production and marketing
Correct Answer: produced by the three largest firms in the industry
In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?
A special economic zones
B liberalized trade monopoly zones
C Economic Union zones
D Communist free trade areas
Correct Answer: special economic zones
Structural economists from the United Nations Economic Commission for Latin America (ECLA) emphasized ?
A contractionary monetary and fiscal policies
B currency devaluation
C long-run institutional and structural economic change
D short term-adjustment with a human face
Correct Answer: long-run institutional and structural economic change
S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?
A S – I = X = M
B S + I = X + M
C S = I – (X+M)
D S-I = X/M
Correct Answer: S – I = X = M
Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?
A U.S
B OECD
C IMF
D OPEC
Correct Answer: IMF
Pathologies endemic to the Soviet bureaucracy included secrecy formalism cumbersome procedures rigidity and the tendency to concentrate on control rather than performance The party controlled The state by using the ____ the power to recommend and approve managers in administration and enterprises, of appointments and promotions to control access to government positions ?
A Gosplan
B Gosagroprom
C nomenklatura system
D Parastatals
Correct Answer: nomenklatura system
A development bank based in London, which loans funds to governments of Eastern Europe and the former Soviet Union is the ?
A Transitional Monetary Fund
B World Bank
C European Bank for Reconstruction and Development
D OECD
Correct Answer: European Bank for Reconstruction and Development
Which of the following statement is NOT true about state owned enterprises (SOEs) ?
A SOEs perform better with competition
B Successful performing SOEs in Japan, Singapore and Sweden have greater managerial autonomy and accountability than other SOEs
C SOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana
D Financial autonomy is a major factor contributing to SOEs managerial effectiveness
Correct Answer: SOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana
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