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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.

Term the enterprise or organization which is managed by those who use its facilities or services ?

A Limited company

B Society

C Corporation

D Cooperative

Review Detailed Answer

Correct Answer: Cooperative

The economics system planned economy is ?

A In which economists control production

B In which production and distribution of wealth is under government’s control

C In which technocrats control production

D In which government controls distribution

Review Detailed Answer

Correct Answer: In which production and distribution of wealth is under government’s control

Goods that satisfy human wants though their direct use or consumption are called______________?

A cash goods

B consumer items

C consumer goods

D cash items

Review Detailed Answer

Correct Answer: consumer goods

How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?

A Open door market

B Open door country

C Open sky market

D Free economy

Review Detailed Answer

Correct Answer: Open door market

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

A Relative Advantage

B Complete Advantage

C Comparative Edge

D Comparative Advantage

Review Detailed Answer

Correct Answer: Comparative Advantage

Which term is used for the total net value of all goods and services produced in a country in specified period of time ?

A National income

B Public income

C Local income

D Gross income

Review Detailed Answer

Correct Answer: National income

What is called a place of work where all workers within a section must belong to a single official recognized trade union ?

A Monopolized shop

B Monopolized area

C Closed shop

D Monopolized market

Review Detailed Answer

Correct Answer: Closed shop

How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?

A combine fund

B Mutual fund

C Liquid fund

D Stock holding company

Review Detailed Answer

Correct Answer: Mutual fund

Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ?

A Barter

B payment on Delivery

C Gives in take

D Cash on Delivery

Review Detailed Answer

Correct Answer: Cash on Delivery

A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?

A Multinational corporation

B Multinational company

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]

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All Topics 4423

Term the enterprise or organization which is managed by those who use its facilities or services ?

The economics system planned economy is ?

Goods that satisfy human wants though their direct use or consumption are called______________?

How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

Which term is used for the total net value of all goods and services produced in a country in specified period of time ?

What is called a place of work where all workers within a section must belong to a single official recognized trade union ?

How is known the process in which an investment company continually offers new shares and buys existing shares back on demand and uses its capital to invest in diversified securities of other companies ?

Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ?

A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?