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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

Korea’s keirestsu-like corporate conglomerates is known as ?
A zaibatsu
B chaebol
C laissez faire
D bourgeoisie
Correct Answer: chaebol
Keiretsu refers to ?
A groups of affiliated companies loosely organized around a large bank
B horizontal manufacturing groups consisting of a core company and its partners
C State-assisted entrepreneurs
D financial cliques
Correct Answer: groups of affiliated companies loosely organized around a large bank
The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?
A Japan
B The four tigers
C Vietnam
D Thailand
Correct Answer: Vietnam
Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?
A income per capita is the same regardless of poor or rich countries
B income per capita in poor countries grows faster than in rich countries
C income per capita in rich countries grows faster than in poor countries
D income per capita in poor countries grows conditional upon foreign aid
Correct Answer: income per capita in poor countries grows faster than in rich countries
The bourgeoisie refers to ?
A the monarchy
B the central planners of the Soviet Union
C the capitalist and middle class
D the aristocrats of wealthy nations
Correct Answer: the capitalist and middle class
Perestroika in the former Soviet Union refers to ?
A total market reliance for resource allocation
B economic restructuring by Gorbachev
C intensified central planning
D None of the above
Correct Answer: economic restructuring by Gorbachev
Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?
A low interest rates
B political instability inhibits world-wide investment
C human capital or technical skills were lacking
D real domestic currency depreciation exists
Correct Answer: human capital or technical skills were lacking
On what did the Russian Soviet development model of growth not depend ?
A diverting savings from agriculture to industry
B state assisted entrepreneurs
C state monopolized trading
D markets for allocating resources
Correct Answer: markets for allocating resources
The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?
A Japan
B Four tigers
C Vietnam
D Thailand
Correct Answer: Vietnam
Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except ?
A South Korea
B China
C Taiwan
D Singapore
Correct Answer: China
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