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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

Which of the following is not a quasi-public good ?
A national defense
B an automobile
C libraries
D fire protection
Correct Answer: an automobile
Before the 1978 reforms China had a(n) ?
A agricultural bank only
B urban credit cooperatives
C mono bank system
D housing savings banks
Correct Answer: mono bank system
Countries such as ________ that failed to adjust to a persistent external disequilibrium were more vulnerable to poverty displacement and even war ?
A Japan and Korea
B Brazil and Argentina
C Algeria and Yugoslavia
D Singapore and Malaysia
Correct Answer: Algeria and Yugoslavia
When the world Bank or IMF requires improved external balance in the short run the agency may condition its loan on expenditure switching that is ?
A switching spending from domestic to foreign sources
B devaluing local currencies
C increase trade restrictions by imposing quota
D increase government spending
Correct Answer: devaluing local currencies
Internal balance refers to ?
A full employment and price stability
B exports minus imports
C monetary policy offsetting fiscal policy
D exports equal to imports
Correct Answer: full employment and price stability
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