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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

Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?
A Less than one
B Greater than one
C Equal to one
D Zero
Correct Answer: Equal to one
Which of the following must always balance ?
A Balance of visible trade
B Balance of invisible trade
C Balance on the current account
D Balance of payments
Correct Answer: Balance of invisible trade
If GNP of Pakistan rises. it will encourage ?
A Exports
B Imports
C Both
D
Correct Answer: Both
The branch banking system is in vogue in most countries of the world. In which country was it first developed?
A South Africa
B UK
C Canada
D Australia
Correct Answer: UK
Theory of comparative advantages was presented by ?
A Adam Smith
B Ricardo
C Hicks
D Barron
Correct Answer: Ricardo
Open market Operation is ?
A Buying and selling bills of exchange
B Buying and Selling govt. securities
C Buying and selling shares of companies
D Buying and selling foreign exchanges
Correct Answer: Buying and Selling govt. securities
Central bank’s rate of lending to commercial banks is called ?
A Interest rate
B Discount rate
C Money rate
D Control rate
Correct Answer: Control rate
Which is the most widely used tool of monetary policy ?
A Clearing house
B Open-market operations
C Discount rate
D Issuing of notes
Correct Answer: Open-market operations
In which capacity does a person stand to gain from deflation ?
A As a pensioner
B As a debtor
C As an entrepreneur
D As an equity-holder
Correct Answer: As a pensioner
Which of the following is not an instrument of monetary policy ?
A Taxation
B Bank rate
C Open-market operations
D Credit rationing
Correct Answer: Taxation
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