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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 do you understand by Laissez faire ?
A Active intervention
B Sound commercial affairs
C Interference by the state in law and order
D None of these
Correct Answer: Interference by the state in law and order
What is called a Tax on imports, exports ?
A Drawback
B Duty
C Custom
D Excise
Correct Answer: Duty
What is Debt retirement______________?
A To write off debt
B To reschedule debt
C To repay debt in easy installments
D The complete repayment of debt
Correct Answer: The complete repayment of debt
Term the rules and particles that govern the management of an organization ?
A Internal laws
B By laws
C Character
D Memorandum of articles
Correct Answer: By laws
What is Tariff ?
A tax that government levy on imports
B tax that government levy on exports
C Both of them
D None of them
Correct Answer: Both of them
According to the law of demand. When ?
A Price increase demand decreases
B Price decreases demand decreases
C Price increased demand increases
D None of these
Correct Answer: Price increase demand decreases
Gross National income is always more than Net National income because it includes ?
A Foreign income
B Capital consumption allowance
C Indirect taxes
D Direct taxes
Correct Answer: Capital consumption allowance
A budgetary deficit means ?
A Total expenditure is more than total revenue
B Current expenditure is more than current revenue
C Capital expenditure is more than capital revenue
D Total expenditure is more than current revenue
Correct Answer: Total expenditure is more than total revenue
Which is most likely to cause a more even distribution of income ?
A An increase in indirect taxes
B An increase in managers salaries
C An increase in progressive taxation
D An increase in the rate of inflation
Correct Answer: An increase in progressive taxation
Economic development ?
A Is the same as economic growth
B Means improvement in lifestyle
C Exists when there is equal distribution of income
D All of the above
Correct Answer: Means improvement in lifestyle
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