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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

The system under which a country’s currency is exchangeable for a fixed weight of gold on demand at central bank is called ?
A God standard system
B Gold based system
C Bullion standard system
D None of the above
Correct Answer: God standard system
Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
A Nationalist policy
B Domestic policy
C Protectionist policy
D Beggar-thy-beighbour
Correct Answer: Beggar-thy-beighbour
What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?
A Close-trade zone
B Free trade zone
C Both of them
D None of them
Correct Answer: Both of them
What is called an internet strategy of dealing directly with business rather than consumer ?
A B2B
B Indirect contact
C Step by step
D Trickle down
Correct Answer: B2B
The amount that is paid for carriage of goods by chips, railways, airways etc is called ?
A Hire and Fire
B Rent
C Transportation Changes
D Freight
Correct Answer: Freight
Which of the following is a price that is equal to the face value of a security ?
A Balanced
B At Equilibrium
C At Par
D None of them
Correct Answer: At Par
What does mean by Franchise__________________?
A A privilege or right officially granted by a person or group by a government
B Authorization granted to someone to sell or distribute a company’s goods or service in certain area
C Territory or limits within which immunity, privilege or right may be exercised
D All of the above
Correct Answer: All of the above
What is referred by the Working capital ?
A Assets of business that can be applied to its operation
B Amount of current assets that exceeds current liabilities
C Both of them
D None of them
Correct Answer: Both of them
What is called the minimum price of a commodity that is fixed by government in order to save the interests of producer of raw materials ?
A Floor price
B Fixed price
C Bid price
D Basic price
Correct Answer: Floor price
What is underwriter ?
A To assume financial responsibility for grantee against failure
B To sign so as to assume liability in case of specified losses
C To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price
D All of them
Correct Answer: All of them
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