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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

Bearer cheque is ?
A Payable to anyone
B payable to person holding it
C payable through account only
D payable after specific period
Correct Answer: payable to person holding it
Balance of sheet is understood as ?
A Profit in a year
B Statements of accounts that shows debit and credit accounts under the broad heads
C Performance of a company
D Accurate economic position
Correct Answer: Statements of accounts that shows debit and credit accounts under the broad heads
The balance of payment is ?
A Balance between a nation’s expenditure on imports and its receipts from exports
B Total sum a state owned
C Total liabilities of a nation
D Shortfall in budget
Correct Answer: Balance between a nation’s expenditure on imports and its receipts from exports
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
A Assembly line
B Production line
C Both of them
D None of them
Correct Answer: Both of them
National Income is essentially composed of ?
A All wealth of a nation
B Annual Income of the central government
C All income of the people on a year
D Income derived from taxes by the central government
Correct Answer: All income of the people on a year
Government policy about exports and imports is called ?
A Monetary policy
B Fiscal policy
C Commercial policy
D Finance policy
Correct Answer: Commercial policy
When aggregate supply exceeds aggregate demand ?
A Business inventory accumulate
B Unemployment exists
C Price of consumer goods rise
D People save more than they intended to save
Correct Answer: Business inventory accumulate
Development means economics growth plus ?
A Inflation
B Deflation
C Social change
D Price stability
Correct Answer: Social change
Which of the following terms refers to income that is saved and not invested ?
A Capital
B Deposit
C Hoarding
D Profit
Correct Answer: Hoarding
What term is given to unemployment caused by a downturn in the business cycle ?
A Underemployment
B Disguised unemployment
C Temporary unemployment
D Cyclical unemployment
Correct Answer: Cyclical unemployment
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