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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

If labour productivity per week is 200 units and there are 5 employees what is the total output ?
A 40 units
B 195 units
C 1000 units
D 200 units
Correct Answer: 40 units
In a boom ?
A Unemployment is likely to fall
B Prices are likely to fall
C Demand is likely to fall
D Imports are likely to grow
Correct Answer: Unemployment is likely to fall
Which of the following is an injection into the economy ?
A Investment
B Savings
C Taxation
D Imports spending
Correct Answer: Taxation
A deflationary policy could include ?
A increasing injections
B Reducing taxation rates
C Reducing interest rates
D Reducing government spending
Correct Answer: Reducing interest rates
Injections are?
A Assumed to be exogenous
B Assumed to be a function of national income
C Decrease aggregate demand
D Decrease the investment into an economy
Correct Answer: Decrease the investment into an economy
A significant increase in the government budget deficit is likely to ?
A Reduce injections into the economy
B Reduce national income
C Move the economy away from full employment
D Boost aggregate demand
Correct Answer: Move the economy away from full employment
Injections ?
A Decrease aggregate demand
B Always equal savings
C Always equal national income
D include investment and export spending
Correct Answer: Always equal national income
An independent assessment of the impact of firm’s activities on society is called a ?
A Financial audit
B Balance sheet
C Profit and loss account
D Social audit
Correct Answer: Financial audit
If the marginal revenue is Positive ?
A Selling another unit will increase total revenue
B Selling another unit will increase profits
C Selling another unit will increase costs
D Selling another unit will increase average revenue
Correct Answer: Selling another unit will increase average revenue
To be Productively efficient a firm must produce where ?
A Marginal costs are maximized
B Marginal costs are Minimized
C Average costs are minimized
D Average costs are maximized
Correct Answer: Marginal costs are maximized
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