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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.

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?

A Devolution

B Devaluation

C Price cap

D Cut-rate

Review Detailed Answer

Correct Answer: Devaluation

What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?

A Demand push

B Demand pulls

C Cost pull

D Demand supply

Review Detailed Answer

Correct Answer: Demand pulls

Interest payments and any principal repayments which are due on a country’s external debt are known as ?

A Debt Payment

B Service Charges

C Debt Charges

D Debt service

Review Detailed Answer

Correct Answer: Debt service

What is referred by cost push inflation ?

A Decreased production costs drive prices up

B Decreased production costs drive prices down

C increased production costs drive prices down

D increased production costs drive prices up

Review Detailed Answer

Correct Answer: increased production costs drive prices up

An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?

A Free adjustment

B Cost effective adjustment

C Comparative adjustment

D Cost of living adjustment

Review Detailed Answer

Correct Answer: Cost of living adjustment

Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

A Cost of living

B Basic requirement

C Cost of life

D None of the above

Review Detailed Answer

Correct Answer: Cost of living

The sole legal right to print or publish anything which belongs to the author or his assignees is called ?

A Property right

B Sole right

C Copyright

D Right

Review Detailed Answer

Correct Answer: Copyright

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

A Human Development Index (HDI)

B Consumer Price Index (CPI)

C Complete Price Index (CPI)

D Comparative Price Index (CPI)

Review Detailed Answer

Correct Answer: Complete Price Index (CPI)

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

A Adam Smith

B David Ricardo

C David Smith

D Adam Ricardo

Review Detailed Answer

Correct Answer: David Ricardo

A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?

A Pledge

B Assurance

C Collateral

D Guaranty

Review Detailed Answer

Correct Answer: Collateral

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Economics Mcqs 4423 MCQs [All-Courses]

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All Topics 4423

Mention the term for an official act of reducing the rate in which one currency is exchanged for another in international currency markets ?

What is called increased demand for a limited supply of goods and service result of which is increase in consumer prices ?

Interest payments and any principal repayments which are due on a country’s external debt are known as ?

What is referred by cost push inflation ?

An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?

Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

The sole legal right to print or publish anything which belongs to the author or his assignees is called ?

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?