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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.

An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?

A Checking

B Audit

C Stock-taking

D Accounting

Review Detailed Answer

Correct Answer: Audit

What is artificial currency ?

A A currency substitutes

B Coins

C De-valued currency

D Silver

Review Detailed Answer

Correct Answer: A currency substitutes

Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?

A Value addition

B Excise

C Value added

D Tax on stage

Review Detailed Answer

Correct Answer: Value added

Which of the following is indicated by the term unemployed ?

A Employed only part time when one needs full time employment

B Inadequately employed

C Note fully used or employed

D All of them

Review Detailed Answer

Correct Answer: All of them

The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?

A Insignia

B Patent mark

C Trade Mark

D Identification mark

Review Detailed Answer

Correct Answer: Trade Mark

Which of the following is referred by the phrase trade balance ?

A Income from export

B Difference between imports and exports

C Income from imports

D All of them

Review Detailed Answer

Correct Answer: Difference between imports and exports

The term technology refers to______________?

A Application of science to achieve a commercial or industrial objective

B Application of modern science in the country

C Science based know low

D All of these

Review Detailed Answer

Correct Answer: Application of science to achieve a commercial or industrial objective

What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?

A Prudent development

B Sustainable development

C Managed economy

D None of these

Review Detailed Answer

Correct Answer: Sustainable development

When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

A Cost push theory

B Supply and Demand theory

C Fundamental theory

D Ricardo’s theory

Review Detailed Answer

Correct Answer: Supply and Demand theory

A share or an interest in an enterprise, especially a financial share, is called ?

A Share holding

B Stake

C Partnership

D None of these

Review Detailed Answer

Correct Answer: Stake

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?

What is artificial currency ?

Estimated value that is added to a product or material to each stage, of its manufacture or distribution, is known as ?

Which of the following is indicated by the term unemployed ?

The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?

Which of the following is referred by the phrase trade balance ?

The term technology refers to______________?

What is defined as the active management of resources to provide the greatest present benefit without comprising the potential benefits to future generations ?

When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

A share or an interest in an enterprise, especially a financial share, is called ?