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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.

Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?

A Communism

B Socialism

C Capitalism

D Authoritarianism

Review Detailed Answer

Correct Answer: Socialism

What is sales tax_____________?

A Levied on the retail price of merchandise and collected by retailer

B Tax deducted at source

C Tax on local produce

D Tax on gross sale

Review Detailed Answer

Correct Answer: Levied on the retail price of merchandise and collected by retailer

A payment is made in return for some transference of privilege. What this payment is called ?

A Royalty

B Rent

C Share

D Intellectual royalty

Review Detailed Answer

Correct Answer: Royalty

The term Remittance refers to_______________?

A Sending of money to someone at distance

B The sum of money sent

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

How is termed the ability to buy ?

A Purchasing power

B Income level

C Gross purchasing power

D Purchasing power parities (PPP)

Review Detailed Answer

Correct Answer: Purchasing power

By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process ?

A Registering

B Going public

C Debuting

D Public offering

Review Detailed Answer

Correct Answer: Public offering

The term prospectus refers to______________?

A Formal summary of proposed project

B Document describing chief features of something for participants

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ?

A Price competition

B Price support

C Price war

D Price battle

Review Detailed Answer

Correct Answer: Price war

A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

A Price index

B Price indexing

C Price fixing

D Price choosing

Review Detailed Answer

Correct Answer: Price index

Which term is used for the value imprinted on a security ?

A Real value

B Net value

C Par value

D Gross value

Review Detailed Answer

Correct Answer: Par value

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?

What is sales tax_____________?

A payment is made in return for some transference of privilege. What this payment is called ?

The term Remittance refers to_______________?

How is termed the ability to buy ?

By the way of an underwriter, the sale of a new security is issued to the public a transaction that must be registered with the securities and exchange commission. How is know this process ?

The term prospectus refers to______________?

Which term is used for the period of competition in which each competitor tries to cut retail prices below the others ?

A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

Which term is used for the value imprinted on a security ?