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Economics Mcqs 4423 MCQs [All-Courses]

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 of the following are debit items in the balance of payments except ?

A capital outflows

B merchandise exports

C private gifts to foreigners

D foreign aid granted to other nations

Review Detailed Answer

Correct Answer: merchandise exports

A country’s transactions with the rest of the world are recorded in the ?

A balance of international indebtedness

B balance of financial transactions

C balance of payments

D income statements

Review Detailed Answer

Correct Answer: balance of payments

When all of the debit or credit items in the balance of payments are combined ?

A merchandise imports equal merchandise exports

B capital imports equal capital exports

C services exports equal services imports

D the total surplus or deficit equals zero

Review Detailed Answer

Correct Answer: the total surplus or deficit equals zero

Credit (+) items in the balance of payments correspond to anything that ?

A involves receipts from foreigners

B involves payments to foreigners

C increases the domestic money supply

D decreases the demand for foreign exchange

Review Detailed Answer

Correct Answer: involves receipts from foreigners

For the first time since World War I, in the mid-1980s the United States became a net international ?

A exporter

B importer

C debtor

D creditor

Review Detailed Answer

Correct Answer: debtor

The difference between the balance on current account and the balance on capital account is the ?

A statistical discrepancy

B balance of payments

C balance of trade

D trade deficit

Review Detailed Answer

Correct Answer: statistical discrepancy

Which of the following statements is True ?

A The overall sum of all the entries in the balance of payments must be positive

B A country runs a current account surplus if it sells more of its assets abroad than it buys abroad

C A country runs a capital account deficit if it imports more than it exports

D If the current account is in surplus the capital account must be in deficit

Review Detailed Answer

Correct Answer: If the current account is in surplus the capital account must be in deficit

The balance of payments is divided into two major accounts the ?

A current account the capital account

B current account the trade account

C trade account the capital account

D current account the reserve account

Review Detailed Answer

Correct Answer: current account the capital account

The record of a country’s transactions in goods, services and assets with the rest of the world is its ?

A balance of trade

B capital account

C current account

D balance of payments

Review Detailed Answer

Correct Answer: balance of payments

Direct investment and security purchases are classified as ?

A capital account transactions

B current account transactions

C unilateral transfer transactions

D merchandise trade transactions

Review Detailed Answer

Correct Answer: capital account transactions

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

All of the following are debit items in the balance of payments except ?

A country’s transactions with the rest of the world are recorded in the ?

When all of the debit or credit items in the balance of payments are combined ?

Credit (+) items in the balance of payments correspond to anything that ?

For the first time since World War I, in the mid-1980s the United States became a net international ?

The difference between the balance on current account and the balance on capital account is the ?

Which of the following statements is True ?

The balance of payments is divided into two major accounts the ?

The record of a country’s transactions in goods, services and assets with the rest of the world is its ?

Direct investment and security purchases are classified as ?