M C Q s D r i v e

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.

Goals are achieved through ____ such a monetary fiscal, exchange rate tariff tax subsidy, business incentive foreign investment and foreign aid?
A indicative plan
B central bank policies
C central planning
D instrument variables
Correct Answer: instrument variables
Annual GNP growth of 6% poverty reduced by 1% point of the population Balance of payments deficit not in excess of $200 million For a planner, the above are ?
A achieved only through socialism
B target variables
C bound by soft budget
D recurrent expenditures
Correct Answer: target variables
A medium-term plan can be a(n) ________ revised at the end of each year?
A instrument variable
B seasonal expenditure
C rolling plan
D perspective plan
Correct Answer: rolling plan
According to Oskar Lange’s model socialist enterprises should produce where ?
A The monopoly profit maximization rule applies
B Product price equals marginal cost
C marginal revenue equals average cost
D total revenue equals total cost
Correct Answer: Product price equals marginal cost
Government’s use of coordinated policies to achieve national economic objectives is ?
A commanding heights
B entrepreneurial programs
C public physical policy
D development planning
Correct Answer: development planning
Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?
A dirigiste
B Keynesian
C Commanding heights
D soft budget
Correct Answer: dirigiste
The notion that, following a currency depreciation the balance of trade falls for a while before increasing is called an effect ?
A relative price
B elasticity
C J Curve
D Pass through
Correct Answer: J Curve
Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?
A the absorption approaches
B the Marshall Lerner approach
C the monetary approach
D the elasticities approach
Correct Answer: the absorption approaches
The extent to which a change in the exchange rate leads to changes in import and export prices is known as the ?
A J Curve effect
B Marshall Lerner effect
C absorption effect
D pass through effect
Correct Answer: pass through effect
The shift toward imperfectly competitive markets in domestic and international trade the concept of ?
A official exchange rates
B complete currency pass through
C exchange arbitrage
D trade adjustment assistance
Correct Answer: complete currency pass through