M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Economics Mcqs 4423 MCQs [All-Courses]

thumb


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

A public good ?
A Is provided by the government
B Is free
C Has the properties of being non-excludable and non-diminishable
D Gas external costs
Correct Answer: Has the properties of being non-excludable and non-diminishable
Agricultural prices tend to be unstable because ?
A Supply is price elastic
B Demand is price elastic
C Supply is stable
D Demand and supply are price inelastic
Correct Answer: Demand and supply are price inelastic
If the price in a market is fixed by the government above equilibrium ?
A There is excess equilibrium
B There is excess supply
C There is excess demand
D There is equilibrium
Correct Answer: There is excess supply
A positive externality occurs when ?
A The social marginal costs are higher than the private marginals costs
B A product is not provided in the free market
C The social marginal cost equal the social marginal benefit
D The social marginal benefits are higher than the private marginal benefits
Correct Answer: The social marginal costs are higher than the private marginals costs
Income inequality can be high in the free market and should be reduced This is an example of What ?
A Judicial economic statement
B Positive economic statement
C Formative economic statement
D Normative economic statement
Correct Answer: Normative economic statement
A decrease in demand for a products should ?
A increase equilibrium price and quantity
B Decrease equilibrium price and quantity
C Increase equilibrium price and decrease quantity
D Decrease equilibrium price and increase quantity
Correct Answer: Decrease equilibrium price and quantity
A shift in demand will have more effect on price than quantity if ?
A The price elasticity of supply is + 3
B The price elasticity of supply is + 0.2
C The price elasticity of supply is + 2
D The price elasticity of supply is infinity
Correct Answer: The price elasticity of supply is + 2
The price mechanism does not act as a ?
A Signal
B Incentive
C Rationing device
D Indicator of income
Correct Answer: Indicator of income
The price mechanism cannot ?
A Act as a signal
B Act as a incentive
C Act as a rationing device
D shift the demand curve
Correct Answer: shift the demand curve
A subsidy paid to producers ?
A Shifts the supply curve
B shifts the demand curve
C Leads to a contractions in supply
D Leads to an extension of supply
Correct Answer: Shifts the supply curve
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.