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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.

The term Cartel refers to ?

A A combination of firms for business purposes

B An official agreement between governments at war, especially for exchange of prisoners

C Unity of parties, factions or nations in a common cause

D All of the above

Review Detailed Answer

Correct Answer: All of the above

Monoculture is ?

A Farming practice of growing a single crop

B Homogeneous Nations

C Homogeneous market

D Homogeneous business

Review Detailed Answer

Correct Answer: Farming practice of growing a single crop

Point out the term for producer goods such as machinery that is used in production of commodities ?

A Capital assets

B Running capital

C Capital goods

D Hard capital

Review Detailed Answer

Correct Answer: Capital goods

What is called the market in which forces of demand and supply are not in the control of government ?

A Market Economy

B Free Market

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

What is meant by capital stock ___________?

A Authorized amount of stock for issue by corporation

B The total stated or par value of the permanently invested capital of corporation

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

What is called the overall study of aspects and working of a national economy ?

A Macroeconomics

B Gross economics

C Mega economics

D Micro economics

Review Detailed Answer

Correct Answer: Macroeconomics

Term the body of goods and monies from which future income can be derived ?

A Net assets

B Solid asset

C Holdings

D Capital

Review Detailed Answer

Correct Answer: Capital

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

A To convert assets into cash

B Abolish

C Both of them

D All of them

Review Detailed Answer

Correct Answer: Both of them

What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?

A Economic Cycle

B Business Cycle

C Complete Cycle

D Cycle Business

Review Detailed Answer

Correct Answer: Business Cycle

What is referred by the by economic theory “Liberalism” ?

A The free market

B Gold standard

C Laissez faire

D All of these

Review Detailed Answer

Correct Answer: All of these

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

The term Cartel refers to ?

Monoculture is ?

Point out the term for producer goods such as machinery that is used in production of commodities ?

What is called the market in which forces of demand and supply are not in the control of government ?

What is meant by capital stock ___________?

What is called the overall study of aspects and working of a national economy ?

Term the body of goods and monies from which future income can be derived ?

The term liquidate refers to pay off a debt, a claim or an obligation or to settle the affairs by determining liabilities and applying assets to their discharge. What is also converted by the term?

What is called the sequence of economic activity which is typically characterized by recession, fiscal recovery, growth and fiscal decline ?

What is referred by the by economic theory “Liberalism” ?