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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

What is called the difference in the money value between exports and imports during the specific period of time ?
A Balance of payment
B Balance sheet
C Terms of trade
D Balance of trade
Correct Answer: Balance of trade
What is referred by the hard currency ?
A Any currency backed by gold or silver bullion rather than credit
B Stable currency value of which does not fluctuate greatly
C Both of them
D None of them
Correct Answer: Both of them
The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates ?
A Breton Wood method
B Free market exchange rate
C Atlas method of exchange rate
D Open market exchange rate
Correct Answer: Atlas method of exchange rate
Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?
A Grey market
B White market
C Red market
D Open market
Correct Answer: Grey market
Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?
A A precise list or enumeration of financial transactions
B Money deposited for checking savings or breakage use
C A customer having business or credit relationship with a firm
D All of these
Correct Answer: All of these
There are certain products which are sold without brand name or trademark What these products are called ?
A Generic
B Forged goods
C Contraband
D Clean goods
Correct Answer: Generic
Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?
A Open trade
B Free trade
C Open sky trade
D Easy trade
Correct Answer: Free trade
Free port is ?
A Where no export duties are levied
B Where no import duties are levied
C Where no expert or import duties are levied
D Where everything can be import or export
Correct Answer: Where no expert or import duties are levied
How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?
A Four Dragons
B Little Tigers
C Four Tigers
D All of these
Correct Answer: Four Tigers
Which of the following is known as foreign exchange ?
A Transaction of International monetary business
B Negotiable bills drawn in one country to be paid in another country
C Both of them
D None of them
Correct Answer: Both of them
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