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.
61. Who among the following is most benefited from inflation ?
A. Government pensioners
B. Creditors
C. Savings Bank Account holders
D. Debtors
62. Which economics term describes the takeover of one textile manufactures by another ?
A. Diversification
B. horizontal integration
C. monopoly
D. vertical integration
63. To what does the phrase terms of trade refer ?
A. the currency exchange rate
B. the difference between the value of visible exports and visible imports
C. The government’s policies to increase exports
D. the rate at which exports are exchanged for imports
64. What is more likely to be found in a free market economy than in a planned economy ?
A. an even distribution of income
B. an incentive to innovate
C. a wide range of public goods
D. full employment of labor
65. National income of a country is based on ?
A. The taxes earned by the State
B. The sum of all factors of income
C. Personal incomes of all the citizens
D. Surplus of exports over imports
66. Hard currency is defined as ?
A. Currency traded in foreign exchange market for which demand is persistently relative to the supply
B. Currency Which is used in times of war
C. Currency which loses its value very fast
D. None of these
Which is the best measure of economic growth of a country ?
A. GNP
B. GDP
C. Net revenue
D. None of the above
67. Which of the following payment instruments introduced by the banks is known as plastic money ?
A. Bearer cheques
B. Credit Cards
C. Demand Drafts
D. Gift Cheques
68. Which of the following is not rated by credit rating agencies ?
A. Shares
B. Debentures and bonds
C. Commercial paper
D. Government securities
69. The smallest unit of ownership of a company is______________?
A. A share
B. A debenture
C. Invest
D. Capital
70. Debenture holders of a company are its_______________?
A. Shareholders
B. Creditors
C. Debtors
D. Directors