MCQsDrive | MCQsDrive

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.

Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?

A Floor price

B Fixed price

C Bid Price

D Basic Price

Review Detailed Answer

Correct Answer: Floor price

What is meant by excise?

A A tax levied on certain articles produced and consumed in a country

B A licensing charge or a fee levied for certain privileges

C Both of them

D None of them

Review Detailed Answer

Correct Answer: Both of them

Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?

A Embargo

B Contraband

C Ban

D Restriction

Review Detailed Answer

Correct Answer: Embargo

Downsizing is ?

A to make in a smaller size

B to make in actual size

C To make in half size

D None of these

Review Detailed Answer

Correct Answer: to make in a smaller size

Which kind of Tax is Federal subject ?

A Excise Tax

B Property Tax

C Zakat

D General Sales Tax

Review Detailed Answer

Correct Answer: General Sales Tax

What is called the reduction in the rate of a currency

A Devolution

B Devaluation

C Price cap

D Cut-rate

Review Detailed Answer

Correct Answer: Devaluation

What is Debt Service ?

A Interest payments on external debts

B repayments of external debt

C none of these

D Both of them

Review Detailed Answer

Correct Answer: Both of them

Term the sole legal right to print or publish anything that belongs to the author ?

A property right

B Sole right

C Copyright

D rights

Review Detailed Answer

Correct Answer: property right

What are called goods that satisfy human wants through their direct use ?

A cash goods

B consumer items

C consumer goods

D cash items

Review Detailed Answer

Correct Answer: consumer goods

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

A Relative Advantage

B Complete Advantage

C Comparative Edge

D Comparative Advantage

Review Detailed Answer

Correct Answer: Comparative Advantage

Showing 11 to 20 of 436 results

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Minimum price of a commodity fixed by government to save the interest of producer of raw materials is called ?

What is meant by excise?

Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?

Downsizing is ?

Which kind of Tax is Federal subject ?

What is called the reduction in the rate of a currency

What is Debt Service ?

Term the sole legal right to print or publish anything that belongs to the author ?

What are called goods that satisfy human wants through their direct use ?

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?