Economics explores how resources are utilized and their value maximized under specific conditions. It entails a thorough examination of the production, distribution, and consumption of goods and services. GuruMCQs.com provides all updated Economics MCQs. The most frequently repeated economics MCQs section is encountered in Inspector, ASI, Sub-inspector, Constable, FPSC, PPSC, ETEA, FIA, Police, Army, Navy, Airforce, IB, MOFA, ASF, LHC, Educators, and various other competitive exams, as well as government and private job assessments. MCQs on Economics cover topics like Basic Economic MCQs, Indirect Tax and Economic Welfare, Analysis of Interest Rate Changes, Carbon Trading, Changing Market Price, and much more. Also, check Auditing MCQs with answers here.
51. What is called a Tax on imports, exports ?
A. Drawback
B. Duty
C. Custom
D. Excise
52. What do you understand by Laissez faire ?
A. Active intervention
B. Sound commercial affairs
C. Interference by the state in law and order
D. None of these
53. Which is the oldest stock exchange of the world ?
A. New York stock exchange
B. Tokyo stock exchange
C. London stock exchange
D. None of them
54. Inflation means ?
A. Rise in budget deficit
B. Rise in money supply
C. Rise in general price index
D. Reflection
55. What is a Debenture ?
A. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
B. Certificate for the investment in shares
C. Certificate for the preference share
D. None of these
56. The term ‘real wage’ means the money wage” ?
A. after tax
B. allowing for change in prices.
C. Plus, benefits in kind
D. plus, overtime payments.
57. Which measures. taken by a government would be intended to raise the price of imports ?
A. Embargoes
B. Foreign exchange controls
C. Quotas
D. Tariffs
58. An essential attribute of inflation is ?
A. Fall in production
B. Increase in prices
C. Stagflation
D. None of these
59. A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?
A. Inflation
B. Hyper-inflation
C. Deflation
D. Disinflation
60. Monetary policy is regulated by ?
A. Money lenders
B. Central Bank
C. Private entrepreneurs