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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.

What is Demand note ?

A Draft payable in lawful money upon demand

B Cheque payable in lawful money upon demand

C Security payable in lawful money upon demand

D Term deposit payable in lawful money upon demand

Review Detailed Answer

Correct Answer: Draft payable in lawful money upon demand

What is comprised by public sector ?

A Public corporations

B Central and local government.

C Nationalized industries

D All of them

Review Detailed Answer

Correct Answer: All of them

Which term is used for a bank account which can be operated at will ?

A Saving Account

B Fixed account

C Current account

D Fluctuated account

Review Detailed Answer

Correct Answer: Current account

What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?

A Domestication

B Protectionism

C Localization

D National interest

Review Detailed Answer

Correct Answer: Protectionism

Cost of production plus a fixed rate of profit is called ?

A cost plus

B Cost effective

C End price

D Consumer price

Review Detailed Answer

Correct Answer: cost plus

How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?

A Promissory Note (PN)

B Note of hand

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

What is the cost effective ?

A Cheap things

B Substandard things

C Economical in terms of the goods or services received for the money spent

D Free in terms of the goods or services received for the money spent

Review Detailed Answer

Correct Answer: Economical in terms of the goods or services received for the money spent

What is price support ?

A To increase price artificially

B Maintenance of price through public subsidy or government intervention

C To enhance price

D To maintain price at specific level

Review Detailed Answer

Correct Answer: Maintenance of price through public subsidy or government intervention

Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?

A Company

B Corporation

C Cooperative

D Limited Company

Review Detailed Answer

Correct Answer: Corporation

Point out the use of the term price fixing ?

A Unlawful agreement between manufacturers to set and maintain specified price on typically competing products

B Artificial setting of price of commodity by government

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

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Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

What is Demand note ?

What is comprised by public sector ?

Which term is used for a bank account which can be operated at will ?

What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?

Cost of production plus a fixed rate of profit is called ?

How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?

What is the cost effective ?

What is price support ?

Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?

Point out the use of the term price fixing ?