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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

Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?
A U.S
B OECD
C IMF
D OPEC
Correct Answer: IMF
Pathologies endemic to the Soviet bureaucracy included secrecy formalism cumbersome procedures rigidity and the tendency to concentrate on control rather than performance The party controlled The state by using the ____ the power to recommend and approve managers in administration and enterprises, of appointments and promotions to control access to government positions ?
A Gosplan
B Gosagroprom
C nomenklatura system
D Parastatals
Correct Answer: nomenklatura system
A development bank based in London, which loans funds to governments of Eastern Europe and the former Soviet Union is the ?
A Transitional Monetary Fund
B World Bank
C European Bank for Reconstruction and Development
D OECD
Correct Answer: European Bank for Reconstruction and Development
Which of the following statement is NOT true about state owned enterprises (SOEs) ?
A SOEs perform better with competition
B Successful performing SOEs in Japan, Singapore and Sweden have greater managerial autonomy and accountability than other SOEs
C SOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana
D Financial autonomy is a major factor contributing to SOEs managerial effectiveness
Correct Answer: SOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana
Which of the following is not a quasi-public good ?
A national defense
B an automobile
C libraries
D fire protection
Correct Answer: an automobile
Before the 1978 reforms China had a(n) ?
A agricultural bank only
B urban credit cooperatives
C mono bank system
D housing savings banks
Correct Answer: mono bank system
Countries such as ________ that failed to adjust to a persistent external disequilibrium were more vulnerable to poverty displacement and even war ?
A Japan and Korea
B Brazil and Argentina
C Algeria and Yugoslavia
D Singapore and Malaysia
Correct Answer: Algeria and Yugoslavia
When the world Bank or IMF requires improved external balance in the short run the agency may condition its loan on expenditure switching that is ?
A switching spending from domestic to foreign sources
B devaluing local currencies
C increase trade restrictions by imposing quota
D increase government spending
Correct Answer: devaluing local currencies
Internal balance refers to ?
A full employment and price stability
B exports minus imports
C monetary policy offsetting fiscal policy
D exports equal to imports
Correct Answer: full employment and price stability
According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause ?
A Prices to rise and output to rise
B Price to fall and output to remain unchanged
C Prices to fall and output to fall
D prices to rise and output to remain unchanged
Correct Answer: prices to rise and output to remain unchanged
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