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Category: Economics Mcqs

Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.

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South Asia has 22% of word population The percentage of income it has:

(A) 22%
(B) 10%
(C) 5%
(D) 1%

►Correct Option

Correct Option is: D
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

From when did the euro became the legal tender:

(A) 1 December 1999
(B) 1 January 1999
(C) 1 January 2001
(D) 1 January 2000

►Correct Option

Correct Option is: D
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

Euro the new common currency of europeon countries began its life world wide on:

(A) 1 December 1999
(B) 4 January 1999
(C) 1 January 2000
(D) 1 January 2001

►Correct Option

Correct Option is: B
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

Which of the following is an example of indirect tax:

(A) Corporation tax
(B) Wealth tax
(C) Income tax
(D) Sales tax

►Correct Option

Correct Option is: D
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

An indirect tax is one where:

(A) Tax is leaved on service
(B) Tax is leaved always on products
(C) Points of impact and incidence are the same
(D) Points of impact and incidence are different

►Correct Option

Correct Option is: D
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

The branch banking system is in vogue in most countries of the world in which country was it first developed:

(A) South Africa
(B) UK
(C) Canada
(D) Austrailia

►Correct Option

Correct Option is: B
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

Which of the following is not a function of a commercial bank:

(A) Accepting public deposits
(B) Granting loans and advances
(C) Undertaking agency functions
(D) Banker to the government

►Correct Option

Correct Option is: D
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

In which capacity does a person stand to gain from deflation:

(A) As a prisoner
(B) As a debtor
(C) As an enterprenur
(D) As an equity-holder

►Correct Option

Correct Option is: A
Economics McqsEconomics Mcq Questions and Answers, Economics Mcqs, Economics Mcqs With AnswersLeave a comment

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